Evergreen Soaring

“Description AmountOther Misc 1,647Credit Card Rewards 274Gain of Equipment 1,000”

“Description AmountDepreciation from 4562 43,423Amortization from 4562 543Fuel - Towplanes 10,716Bad Debt 830Insurance 17,001License 822Fuel 562Misc 660Office Expense 3,828Supplies 32QuickBooks Fee 2,361Bank Charges 155WA B&O Tax 1,365WA Used Tax 945”

“Description AmountTo adjustment for prior errors (870)”

“Category Beginning of Year End of YearAccounts Receivable 4,080 2,480Parts Inventory 7,000 7,000Flight related Asset 166,083 138,381Equipment 1,701 110”

“Category Beginning of Year End of YearGift Certificates Issued 680 680Sales Tax Agency Payable 577 1,803Credit Card Payable 498 73Endowment Funds 16,400 16,400Notes Payable 30,000 30,000”

“In 2023 the club conducted 779 Flight Operations using club gliders of which 462 were instructional flights. Additionally, club towplanes made 789 aero tows to club members and members of the Washington State soaring community.Of the 462 Instructional Flights Club flight instructors soloed two glider students and three other students obtained their Private Pilot Glider Licenses and on Pilot obtained his Commercial Pilot Glider Rating.”

“This is an educational/recreational organization. It has acquired ownership in various aircraft equipment which allows members to engage in glider flying. The org provides towplanes and gliders to its pilots and provides flight training to its members to become glider pilots. Towplanes also are used to support members of the WA Soaring Community for a number of glider encampments and contest held in 2023. Some pilots own their own aircraft and utilize club towplanes to get pulled aloft. Membership is open to the general public. Dues are paid by members to offset the costs of running the club and flight fees are paid to use gliders and towing equipment. Flight instruction is provided to train non-pipilot members who join to learn to fly gliders and do proficiency checks on pilot members.”