Eagleville Soaring Inc

“Non-member flights insurance 1,465 aircraft fuel 594 aircraft repairs & maint 189 expenses supplies 2,865 loan interest expense 8,423 late interest paid 197 insurance 15,387 less: ubit allocation -1,465 bank charges 63 tow pilot/cfig reimb 4,200 aircraft fuel 6,238 less: ubit allocation -594 aircraft repair & maint 1,984 less: ubit allocation -189 ssa dues 75 state filing fees 160 website expenses 251 late penalties paid 834 federal income taxes 4,066 non-investment depreciation 13,301 total 58,044”

“Aircraft 133,013 133,013 less accumulated depreciation 65,525 78,827 other assets 2,910 2,910 total 70,398 57,096”

“Deferred revenue 3,000 3,000 stem flight liability 7,530 7,530 loans from officers 24,723 9,070 mortgage and other notes payable 190,330 181,945”

“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.”