Crystal Lake Sailing School Inc.

“Expenses advertising 476 certification training 750 postage 100 supplies 230 dues and subscriptions 95 telephone 6 miscellanous 24 non-investment depreciation 5,524 total 7,205”

“Inventories for sale or use 1,914 1,914 boats 50,253 50,253 less accumulated depreciation 24,956 29,981 storage structures 2,680 2,680 less accumulated depreciation 2,498 2,680 other assets 4,068 4,068 less accumulated depreciation 2,503 2,659 computers & office equipment 800 800 less accumulated depreciation 573 733 organization cost 4,533 4,533 less accumulated amortization 2,015 2,317 total 31,703 25,878”

“Accounts payable and accrued expenses 14 18 accrued payroll taxes 0 38”

“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.”