Air Force Academy Spouses Club

“Part i, line 7, gross profit from sales of inventory income: 1. Gross receipts 107,039.00 2. Returns & allowance 0 3. Line 1 less line 2 107,039.00 4. Cost of goods sold 31,354.02 5. Gross profit 75,684.98 cost of goods sold: 6. Inventory at beginning of year 0 7. Merchandise purchased 31,354.02 8. Cost of labor 0 9. Materials & supplies 0 10. Other costs 0 11. Add lines 6 - 10 31,354.02 12. Inventory at end of year 0 13. Cost of goods sold (line 11 less line 12) 31,354.02 form 990-ez, part 1, line 7b, other costs: description of other costs: credit card fees thrift shop 4,261.62 form 990-ez, part 1, line 8 - other revenue: description withdrawal fees from consignee 351.37 donations 212.46 overshort cash register 20.81 sales tax adjustments 141.98 interest thrift shop 2.50 total 729.12 form 990-ez, part 1, line 16 - other expenses description cost of goods sold 31,354.02 expenses office supplies 1,440.19 thrift shop wages 40,259.04 thrift shop p/r taxes 3,486.68 volunteer expenses 444.63 professional fees 1,097.50 insurance expense 1,192.19 computer expense 3,506.84 miscellaneous expense 141.23 total 51,568.30 form 990-ez, part iii, line 31 - all other accomplishments scholarships provided to individuals. Form 990-ez, part v - personal benefit contract the organization did not, during the fiscal year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract.”

“Cash contribution: 18,737”

“Thrift store office 413 information technology 3,550 insurance 563 repairs and maintenance 834 non-investment depreciation 1,368 expenses office expense 1,670 social events & activitie 5,236 total 13,634”

“Leashold improvements 0 935 less accumulated depreciation 0 754 square register 0 754 less accumulated depreciation 0 614 total 0 321”

“Accounts payable and accrued expenses 1,152 913”

“The academy spouse's club strives to foster strong bonds between military connected spouses and to raise funds to support the military community. They are operating a thrift shop to accomplish their mission. The primary purpose/mission of the thrift shop is to provide funds to use toward scholarships and grants in the surrounding community.”