Crystal Lake Sailing School Inc.

“Other revenue 50 total 50”

“Expenses advertising 768 certification training 335 postage 40 supplies 850 dues and subscriptions 95 telephone 82 contract labor 75 miscellanous 394 fundraising expense 1,006 non-investment depreciation 5,233 total 8,878”

“Inventories for sale or use 1,914 1,914 prepaid expenses and deferred charges 0 1,000 boats 50,253 50,253 less accumulated depreciation 29,981 35,007 storage structures 2,680 2,680 less accumulated depreciation 2,680 2,680 other assets 4,068 4,068 less accumulated depreciation 2,659 2,800 computers & office equipment 800 800 less accumulated depreciation 733 800 organization cost 4,533 4,533 less accumulated amortization 2,317 2,619 total 25,878 21,342”

“Accounts payable and accrued expenses 18 35 accrued payroll taxes 38 0”

“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.”