Eagleville Soaring Inc

“Non-member flights insurance 2,071 aircraft fuel 632 aircraft repairs & maint 2,235 expenses supplies 278 loan interest expense 6,956 late interest paid 5 insurance 16,085 less: ubit allocation -2,071 tow pilot/cfig reimb 1,750 bank charges 15 aircraft fuel 4,908 less: ubit allocation -632 aircraft repair & maint 17,365 less: ubit allocation -2,235 ssa dues 4,325 state filing fees 140 federal income taxes 1,227 state franchise taxes 100 state income taxes 445 late penalties paid 163 miscellaneous 213 non-investment depreciation 13,301 total 67,276”

“Aircraft 133,013 133,013 less accumulated depreciation 78,827 92,128 other assets 2,910 2,910 total 57,096 43,795”

“Deferred revenue 3,000 0 stem flight liability 7,530 2,780 loans from officers 9,070 0 mortgage and other notes payable 181,945 175,275”

“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.”