Sandusky Junior Sailors Inc

“Expenses lts miscellaneous learn t 3 lts licenses & registrati 201 lts promotional expenses 598 income taxes 3,372 lts admin/class supplies 2,066 insurance 13,700 adaptive licenses & regis 371 state organizational fees 100 non-investment depreciation 34,927 total 55,338”

“Book / tax depreciation difference 21”

“Prepaid expenses and deferred charges 830 2,820 power boats and equipment 60,530 60,530 less accumulated depreciation 35,057 38,825 sail equipment from sjrt books 21,327 21,327 less accumulated depreciation 20,786 20,786 sailboats and equipment 146,079 147,179 less accumulated depreciation 56,476 70,666 other equipment 58,024 73,510 less accumulated depreciation 20,820 27,579 adaptive sailboats & trailers 110,045 110,045 less accumulated depreciation 49,520 60,525 adaptive equipment 7,595 7,595 less accumulated depreciation 4,883 5,968 accounts receivable - ssc 523 523 total 217,411 199,180”

“Refundable deposits 305 305 payroll liabilities 143 358 withheld state income tax 8 30 withheld city income tax 11 24”

“Sandusky junior sailors, inc. Was organized for the following purposes: 1) to encourage, advance, and promote sailing among youth and adults at local, national and international levels. 2) to teach the art of sailing and to promote amateur sailing activities. 3) to promote safe operational techniques necessary in amateur sailing. 4) to promote competitive sailing skills.”

“Beginning and intermediate sailing lessons were offered to approximately 100 children ages 7 to 16. The lessons are open to the public and low-income children may attend free of charge. Water safety and boat handling are an emphasis of the course. There is also an adult course available. In addition to the lessons, several children were given a sailing experience as part of their summer camp program as a service to the community.”