Amagansett Life-Saving and Coast

“Expenses 300 insurance-fire, liability 3,730 insurance-d&o 1,987 repairs & maintenance 1,034 supplies 1,496 programs 1,262 annual appeal 814 website 312 non-investment depreciation 5,564 total 16,499”

“Transfer to new organization-merged -243,874”

“10,430 0 less accumulated depreciation 2,090 0 work in progress 126,890 0 total 135,230 0”

“Accounts payable and accrued expenses 516 0”

“The amagansett life-saving and coast guard station society is an organization devoted to the restoration of the amagansett life-saving and coast guard station building. This building is historically important to the area and to other enthusiasts. The society works to restore the building by pursuing funding for, and overseeing the historically-accurate restoration of, the historic 1902 u.s. Life-saving service station at amagansett. The structure, and the land upon which it stands, is owned by the town of east hampton. The society is a nonprofit 501(c(3) corporation domiciled in the state of new york. The proposed nonprofit corporation plans to raise funds to complete the restoration of the life-saving station. The coporation will enter into a management agreement with the town of east hampton and take responsibility for controlling the uses to which the building wil be put. These to convey the history of the u.s. Life-saving service and its successor, the u.s. Coast guard; and various uses by community groups such as art exhibits, historical and other lectures, and other community informational events.”