Silver Beach Improvement Association Inc

“Expenses liability insurance 11,912 workers compensation 1,143 auto insurance 381 real estate taxes 2,561 beach expense 4,289 membership expense 195 utilities 78 office expense 217 program services expense 16,501 repairs and replacements 8,571 bank fees 2,403 equipment supplies 1,203 donations 600 payroll service 728 mooring fee 100 interest expense 2,266 security patrol 6,698 other 2,701 non-investment depreciation 17,597 total 80,144”

“50% MEALS 0”

“185,228 185,228 less accumulated depreciation 9,261 26,858 total 175,967 158,370”

“Line of credit 54,000 24,000”

“To maintain beach, provide lifeguards, swim lessons, maintain tennis court, conduct children's social events including movies, cookouts, arts and crafts, dances etc., periodic membership meetings and social events to improve silver beach.”

“Periodic meetings and social events are provided to members for a nominal fee. The events further the organizations exempt purpose by keeping members informed of beach services and children's activities including swim lessons, arts and crafts and water safety procedures. Association logo hats and shirts, primarily for children, are sold at a nominal cost to further goodwill and encourage membership participation. Events include movies, cookouts, children dances, games and other events open to all association members and families. All proceeds are used to maintain beach and tennis courts.”