Eagleville Soaring Inc

“Line 11 - scholarship benefits of 1,269 were paid in 2017 to one individual. There was no relationship between the recipient and the organization.”

“Expenses supplies 960 travel & meetings 565 interest expense 10,682 insurance - property 2,630 insurance - liability / d&o 12,249 state registration fee 41 aircraft repair 6,806 registration fees 497 ssa dues 7,955 checkout ride-faa 2,603 credit card merchant fees 1,584 instructor discounts 2,744 mowing service 165 equipment rental & maint 2,396 facilities expenses 83 materials 2,662 aircraft fuel 8,194 books, subs & reference 203 website expenses 2,029 miscellaneous expenses 500 non-investment depreciation 14,267 total 79,815”

“Prior period adjustments -4,350”

“Accounts receivable 3,145 807 inventories for sale or use 679 483 aircraft 133,021 133,021 less accumulated depreciation 38,922 52,224 furniture & equipment 5,681 5,681 less accumulated depreciation 2,602 3,567 other asset 2,910 2,910 security deposit 15,000 0 total 118,912 87,111”

“Deferred revenue 0 3,000 stem flight liability 4,680 7,530 loans from officers 59,773 42,668 mortgage and other notes payable 0 197,793”

“Eagleville soaring is established to promote recreational motorless flight, to encourage, promote and provide for the training of members in the skills and safety practices of soaring and gliding and to provide and make available to members the facilities and equipment for soaring and gliding.”