Chetek Hydroflites Incorporated

“Sponsorship income 7,250 other income 436 total 7,686”

“Expenses advertising 1,724 travel 721 interest 553 insurance 4,416 utilities 627 dues & subscriptions 346 other expenses 1,563 office supplies 164 supplies 712 registration fees 16 boat repairs and maintena 965 boat gas 3,087 boat insurance 6,910 show & clinic expense 5,364 team apparel 1,635 facilities and equipment 2,697 non-investment depreciation 15,210 total 46,710”

“283,679 280,679 less accumulated depreciation 240,005 252,215 prepaid expenses 2,857 0 total 46,531 28,464”

“LOANS 13,134 0”

“The purpose shall be to engage in any lawful activities authorized by chapter 181; to educate individuals interested in water skiing and such water related activities; to promote water skiing, water safety and good sportsmanship in cheteck, wisconsin and elsewhere; to serve as an educational, informational and organizational center for water skiers and the general public in chetek, wisconsin; and to do and preform any act or thing, and exercise any and all powers incidental to these purposes. The organization is organized exlusively for charitable and educational purposes as defined under irc 501(c)(3).”