Vernon Youth Football Inc.

“Income: gross receipts: 19,471. Returns and allowances: 0. Less cost of goods sold: 9,546. Gross profit: 9,925. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 0. Cost of labor: 0. Materials and supplies: 9,546. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 9,546.”

“Description: depreciation. Amount: 1,521.”

“Description: insurance. Amount: 1,741. Description: ct secretary of state fees. Amount: 50. Total to form 990-ez, line 16: 1,791.”

“Description: other depreciable assets. Beg. Of year amount: 6,510. End of year amount: 4,989.”

“The organization does not have unrelated business taxable income. Pursuant to irc sec. 503, the organization does not need to file form 990-t per accordance with the three tests listed in the code. Specifically, the special events and activities are not trades and businesses that are "regularly carried on" since they are casual sales, made from time to time, and are not year round activities comparable to retail establishments that offer similar merchandise on a continuous basis.”

“Fundraising income and expenses are estimated based on prior year amounts. All fundraising receipts were included in general deposits of funds.”

“Sale of inventory gross income and expenses are estimated based on recent years and summary totals of receipts and disbursements. The reason for this disclosure is because some income and expenses for these categories are comingled with program service income and expenses.”