Sanford Red and White Foundation

“FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE - This Community based Nonprofit's goal is to provide opportunity for the youth served by the Sanford, Maine School District in athletic and educational endeavors. This goal is accomplished by subsiding the district athletic operating budget and providing additional resources to enable students to participate and flourish in athletics and related activities. This goal is accomplushed by operating the concessions and raffles at all school activities.”

“Part V, Infromation Regarding Personal Benefit Contracts: The organization did not, during the year, receive any funds, directly, or indirectly. to pay premiums on a personal benefit contract. The organization, did not, during the year, pay any premiums, directly, or indriectly, on a personal benefit contract.”

“Form 990-EZ, PART I, LINE 4, OTHER INVESTMENT INCOME: Description of Property: Amount: Interest Income 62.”

“Form 990-EZ, PART I, LINE 7, Gross Profit From Sales of Inventory: Income: 1. Gross Receipts 50,610. 2. Returns and Allowances 0. 3. Line 1 Less Line 2 50,610. 4. Cost of Goods Sold (Line 13) 12,758. 5. Gross Profit (Line 3 Less Line 4) 37,852. Cost of Goods Sold: 6. Inventory at Beginning of Year 1,492. 7. Merchandise Purchased 12,488. 8. Cost of Labor 0. 9. Materials And Supplies 0. 10. Other Costs 1,130. 11. Add Lines 6 Through 10 15,110. 12. Inventory at End of Year 1,992. 13. Cost of Goods Sold (Line 11 Less Line 12) 13,118.”

“Form 990-EZ, Part I, Line 14, Occupancy, Rent, Utilities, and Maintenance: Description of Expenses: Amount: Depreciation 1,338. Alarm System 437. Cleaning & Maintenance 4,006. R&M 17,260. Other Expenses 353. Total to Form 990-EZ, Line 14 23,394.”

“Form 990-EZ, Part I, Line 16, Other Expenses: Description of Other Expenses: Amount: Athletic Department 8,620. Insurance 2,980. Auto Expense 550. Miscellaneous 260. Education Expense 2,000. PO Box Annual Fee 136. Office Expense 46. Bookkeeping 340. Total to Form 990-EZ, Line 16 14,932.”

“Form 990-EZ, Part II, Line 24, Other Assets: Description Beg. of Year End of Year Inventory 1,492. 1,992. Other 2,000. 2,000. Other Depreciable Assets 3,660. 4,872. Total to Form 990-EZ, Line 24 10,318. 8,864.”

“Other Income”

“Athletic Department 8620.”

“Insurance 2980.”

“Auto Expense 550.”

“Miscellaneous 260.”

“Education Expense 2000.”

“P.O.Box Annual Fee 136.”

“Office Expense 46.”

“Bookkeeping 340.”

“Inventory 1492. 1992.”

“Other 2000. 2000.”

“Other Depreciation Assets 3660. 4872.”