Silver Beach Improvement Association Inc

“Expenses liability insurance 23,241 workers compensation 1,125 auto insurance 475 real estate taxes 2,498 beach expense 3,399 utilities 206 program services expense 11,379 repairs and replacements 11,861 bank fees 3,613 donations 206 payroll service 712 mooring fee 105 security patrol 2,640 nsbia store purchases 13,496 licenses & permits 220 miscellaneous 2,458 non-investment depreciation 16,904 total 94,538”

“50% MEALS 0”

“185,228 225,983 less accumulated depreciation 56,948 73,852 total 128,280 152,131”

“LINE OF CREDIT 0 0”

“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.”