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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>WARREN AND HARRIET STEPHENS ARE SPOUSES AND PARENTS OF MILES STEPHENS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION RECEIVES A DRAFT OF THE PREPARED 990 RETURN AND COMPARES THE INFORMATION TO THE ORGANIZATION FINANCIAL INFORMATION AS OF THE 990 RETURN DATE. ANY DISCREPANCIES WILL BE DISCUSSED WITH THE 990 PREPARER AND CORRECTED AS CONSIDERED NECESSARY. THE GOVERNING BODY DOES NOT MEET ON A REGULAR BASIS AND DEEMS IT IMPRACTICAL FOR THE ENTIRE BODY TO REVIEW THE TAX RETURN PRIOR TO FILING. AS SUCH, ONLY THE OFFICER OR DIRECTOR RESPONSIBLE FOR SIGNING THE TAX RETURN REVIEWS THE INFORMATION ON THE RETURN PRIOR TO SIGNING AND FILING THE RETURN.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL CONFLICT OF INTEREST DISCLOSURE STATEMENTS SHALL BE REVIEWED BY THE BOARD OF DIRECTORS WHICH FIRST SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE BOARD OF DIRECTORS SHALL DECIDE WHETHER TO APPROVE EACH CONFLICT OF INTEREST DISCLOSED OR WHETHER FURTHER ACTION IS REQUIRED BY THE BOARD. ALL CONFLICT OF INTEREST TRANSACTIONS, WHILE NOT ABSOLUTELY PROHIBITED, SHALL BE SUBJECT TO CLOSE SCRUTINY TO ENSURE THAT THEY ARE IN THE BEST INTERESTS OF THE CORPORATION AND THAT THEY DO NOT VIOLATE THE RULES ON INTERMEDIATE SANCTIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ALOTIAN CHARITABLE EVENTS MAKES THE GOVERNING DOCUMENTS, FORM 1023 AND TAX RETURNS, AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>