Crystal Lake Sailing School Inc

“Other revenue 2,000 total 2,000”

“Expenses advertising 140 postage 97 supplies 607 telephone 150 fundraising expense 1,075 non-investment depreciation 7,771 total 9,840”

“Prior year corrections -1,000”

“Inventories for sale or use 1,914 1,914 prepaid expenses and deferred charges 1,000 0 boats 81,464 81,464 less accumulated depreciation 48,603 0 storage structures 2,680 2,680 less accumulated depreciation 2,680 0 other assets 4,704 4,704 less accumulated depreciation 3,378 0 computers & office equipment 800 800 less accumulated depreciation 800 0 accumulated depreciation 0 0 less accumulated depreciation 0 63,233 organization cost 4,533 4,533 less accumulated amortization 3,223 3,525 due from yacht club 0 2,000 total 38,411 31,337”

“Accounts payable and accrued expenses 20 40”

“The crystal lake sailing school, inc. Offers sailing instruction to children of all ages throughout the county. Although the program operates from the crystal lake yacht club beach, the school's activites are independent of the club; the school has been authorized by the club to utilize their facilities for the purpose of teaching children the sport of sailing. The instruction program offers instruction to both beginners and those with some familiarity with sailing skills. Above all, safety is emphasized in an environment that encourages sportsmanship, teamwork, responsibility and resourcefulness.”