Gateway Mens Chorus

“Pt.I, line 8 - The advertising revenue is from advertising in concert and fundraiser programs. The revenue is more for support/sponsorship for the organization rather than actual advertising of a commercial nature. The number of individuals who receive the programs at the events is limited, most likely fewer than if the same amount was spent on commercial advertising such as mailers or in newspapers. The reason for soliciting the revenue isn't to be in competition with a for-profit business for the ad revenue. The messages don't include price information or other promotional info that would be considered commercial advertising. In some cases volunteers solicit the revenue. Due to these factors it appears that the revenue is not subject to Unrelated Business Taxable Income and a 990-T is not required.”

“Program advertising - by volunteers 1450.”

“Raffles at concerts 1917.”

“Miscellaneous 2053.”

“Music and royalties 1744.”

“Concert facilities rent 4600.”

“Concert production costs 2969.”

“Bank and credit card charges 1681.”

“Dues 662.”

“Meals - meetings/concerts 193.”

“Other 2885.”

“Advertising for concerts 3959.”

“Insurance - directors and officers 464.”

“Information technology 2520.”

“Office expenses 1274.”

“Travel 1943.”

“Interest 1687.”

“Payroll processing 732.”

“Unrealized losses on investments -829.”

“Pledges and accounts receivable 24403. 17730.”

“Equipment, net of depreciation 0. 0.”

“Rent deposit 496. 496.”

“Investments, at FMV 30389. 24836.”

“Accounts payable 11024. 11327.”

“Advance on line of credit 9000. 8000.”