Crystal Lake Sailing School Inc.

“Clothing sales sales tax expense 5 expenses office expense 698 certification training 775 postage 151 supplies 605 dues and subscriptions 95 telephone 506 fundraising expense 1,242 sales tax expense 5 penalties 3 non-investment depreciation 6,854 total 10,939”

“Inventories for sale or use 2,114 2,014 boats 41,753 41,753 less accumulated depreciation 12,005 16,180 storage structures 2,680 2,680 less accumulated depreciation 1,350 1,733 computers and office equipment 800 800 less accumulated depreciation 93 253 dock 0 4,068 less accumulated depreciation 0 2,136 organization cost 4,533 4,533 less accumulated amortization 1,108 1,410 total 37,324 34,136”

“Grants payable 0 46 accrued payroll taxes 9 12”

“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.”