Eagleville Soaring Inc

“Non-member flights insurance 1,095 aircraft fuel 666 aircraft repairs & maint 1,195 expenses supplies 515 loan interest expense 6,175 insurance 13,765 less: ubit allocation -1,095 tow pilot/cfig reimb 90 aircraft fuel 8,366 less: ubit allocation -666 aircraft repair & maint 15,019 less: ubit allocation -1,195 state filing fees 51 federal income taxes 1,846 state franchise taxes 100 state income taxes 460 website expenses 354 ssa dues 4,297 golf cart (used) 800 non-investment depreciation 10,187 total 62,025”

“Aircraft 133,013 133,013 less accumulated depreciation 103,873 114,060 other assets 2,910 2,910 total 32,050 21,863”

“Stem flight liability 2,780 2,780 mortgage and other notes payable 167,011 157,974”

“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.”