Central Kansas Flywheels Inc.

“Mike caldwell joan caldwell director president mother mike caldwell tom caldwell director vice preside father tom caldwell joan caldwell vice preside president wife”

“The president has the authority annually after the elections to appoint up to three board members to serve for one year. Other members of the board serve three years and are elected by the membership. This is a recruiting tool to allow members to serve without committing for three years.”

“The board of directors and officers viewed the entire form 990 and related schedules at their may board meeting before filing the return.”

“Approved by full board of directors annually”

“Bylaws, rules, and policies, membership applications, member roster, and board and member meeting minutes are all available upon request, and are posted in the office.”

“Operating two museums consisting of one, acquiring and displaying many artifacts, equipment, machinery, especially related to antique machinery and a rural way of life in days gone by; with seperate displays of authentic buildings and equipment; and the second, collecting and displaying artifacts, libraries and clothing used by the boy and girl scouts of america since inception in the usa.”

“Prior yr bank os check pblm -2,643 prior yr expensing vs capitalization -1,326 total -3,969 refer to prior year sch o - taxpayer had to reconstruct accounting for nonfiled returns or return filed on wrong form. Taxpayer deducted the correct amounts of salary paid on the return, but failed to include it as an outstanding check on the balance sheet. The difference along with the employees withholding on those checks were considered part of the reconciliation corrections for prior years. 1,326 was a journal entry expensing repairs that were included originally in the fixed assets. The amount was expenses in prior year but incorrectly reported on the balance sheet in fixed assets and permanent fund balance. This corrects that reclassification.”