| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 11,951 | 0 | 0 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| AIRCRAFT - 1941 STEARMAN N2-S | 2004-01-01 | 148,750 | 77,000 | 200DB | 5.000000000000 | 1,750 | 0 | ||
| AIRCRAFT - 1951 CESSNA 305A BIRD DOG | 2004-01-01 | 143,438 | 74,250 | 200DB | 5.000000000000 | 1,688 | 0 | ||
| AIRCRAFT - 1955 NORTH AMERICAN T-28B TROJAN | 2004-01-01 | 371,875 | 192,500 | 200DB | 5.000000000000 | 4,375 | 0 | ||
| AIRCRAFT - 1979 AERO VODOCHODY L-39C ALBATROSS | 2004-01-01 | 690,625 | 357,500 | 200DB | 5.000000000000 | 8,125 | 0 | ||
| AIRCRAFT - NORTH AMERICAN T-2B BUCKEYE | 2004-02-15 | 1,115,625 | 577,500 | 200DB | 5.000000000000 | 13,125 | 0 | ||
| AIRCRAFT - 1952 NORTH AMERICAN F-86-30 | 2005-08-11 | 333,000 | 313,820 | 200DB | 5.000000000000 | 19,180 | 0 | ||
| AIRCRAFT - NORTH AMERICAN AT-6G | 2006-02-28 | 165,000 | 136,488 | 200DB | 5.000000000000 | 19,008 | 0 | ||
| ENGINE FOR L-39C | 2006-02-07 | 97,696 | 80,815 | 200DB | 5.000000000000 | 11,255 | 0 | ||
| ENGINE FOR L-39C | 2007-12-31 | 144,122 | 94,832 | 200DB | 5.000000000000 | 19,716 | 0 | ||
| AIRCRAFT - DOUGLAS/GOESSLING A4-B | 2007-11-19 | 275,000 | 180,950 | 200DB | 5.000000000000 | 37,620 | 0 | ||
| RADIOS FOR F-86 | 2007-02-07 | 16,886 | 12,934 | 200DB | 5.000000000000 | 1,859 | 0 | ||
| MA1-A START CART | 2008-03-02 | 4,125 | 1,072 | 200DB | 5.000000000000 | 396 | 0 | ||
| MA1-A START CART | 2008-05-27 | 2,500 | 650 | 200DB | 5.000000000000 | 240 | 0 | ||
| LAPTOP COMPUTER | 2008-05-02 | 1,282 | 333 | 200DB | 5.000000000000 | 123 | 0 | ||
| 1G-3 EJECTION SEAT FOR A-4 | 2008-06-17 | 22,965 | 5,970 | 200DB | 5.000000000000 | 2,205 | 0 | ||
| J47 ENGINE FOR F-86 | 2008-09-27 | 15,492 | 4,028 | 200DB | 5.000000000000 | 1,487 | 0 | ||
| NES-12 AUTOMATIC PERSONEL PARACHUTE | 2008-03-10 | 7,500 | 1,950 | 200DB | 5.000000000000 | 720 | 0 | ||
| EJECTION SEAT FOR L-39 | 2008-05-15 | 33,775 | 8,781 | 200DB | 5.000000000000 | 3,242 | 0 | ||
| ENGINE FOR F-86 | 2009-01-27 | 116,961 | 11,696 | 200DB | 5.000000000000 | 18,714 | 0 | ||
| A-4 EJECTION SYSTEM | 2010-05-11 | 65,073 | 200DB | 5.000000000000 | 16,268 | 0 | |||
| RADIOS FOR A-4 | 2010-12-01 | 57,153 | 200DB | 5.000000000000 | 2,858 | 0 | |||
| IL USE TAX ON NORTH AMERICAN AT-6G | 2010-10-11 | 10,313 | 200DB | 5.000000000000 | 516 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| AIRCRAFT - 1941 STEARMAN N2-S | 148,750 | 148,750 | 0 | |
| AIRCRAFT - 1951 CESSNA 305A BIRD DOG | 143,438 | 143,438 | 0 | |
| AIRCRAFT - 1955 NORTH AMERICAN T-28B TROJAN | 371,875 | 371,875 | 0 | |
| AIRCRAFT - 1979 AERO VODOCHODY L-39C ALBATROSS | 690,625 | 690,625 | 0 | |
| AIRCRAFT - NORTH AMERICAN T-2B BUCKEYE | 1,115,625 | 1,115,625 | 0 | |
| AIRCRAFT - 1952 NORTH AMERICAN F-86-30 | 333,000 | 333,000 | 0 | |
| AIRCRAFT - NORTH AMERICAN AT-6G | 165,000 | 155,496 | 9,504 | 0 |
| ENGINE FOR L-39C | 97,696 | 92,070 | 5,626 | 0 |
| ENGINE FOR L-39C | 144,122 | 114,548 | 29,574 | 0 |
| AIRCRAFT - DOUGLAS/GOESSLING A4-B | 275,000 | 218,570 | 56,430 | 0 |
| RADIOS FOR F-86 | 16,886 | 14,793 | 2,093 | 0 |
| MA1-A START CART | 4,125 | 3,531 | 594 | 0 |
| MA1-A START CART | 2,500 | 2,140 | 360 | 0 |
| LAPTOP COMPUTER | 1,282 | 1,097 | 185 | 0 |
| 1G-3 EJECTION SEAT FOR A-4 | 22,965 | 19,658 | 3,307 | 0 |
| J47 ENGINE FOR F-86 | 15,492 | 13,261 | 2,231 | 0 |
| NES-12 AUTOMATIC PERSONEL PARACHUTE | 7,500 | 6,420 | 1,080 | 0 |
| EJECTION SEAT FOR L-39 | 33,775 | 28,911 | 4,864 | 0 |
| ENGINE FOR F-86 | 116,961 | 88,891 | 28,070 | 0 |
| A-4 EJECTION SYSTEM | 65,073 | 16,268 | 48,805 | 0 |
| RADIOS FOR A-4 | 57,153 | 2,858 | 54,295 | 0 |
| IL USE TAX ON NORTH AMERICAN AT-6G | 10,313 | 516 | 9,797 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 592 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ORGANIZATIONAL EXPENSES | 0 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 99 | 0 | 0 | |
| FEES & SUBSCRIPTIONS | 45 | 0 | 0 | |
| FILING FEES | 10 | 0 | 0 | |
| FUEL | 68,805 | 0 | 0 | |
| MAINTENANCE | 114,361 | 0 | 0 | |
| SUPPLIES | 4,780 | 0 | 0 | |
| INSURANCE | 30,879 | 0 | 0 | |
| REGISTRATION FEES | 170 | 0 | 0 | |
| TRAINING | 51,185 | 0 | 0 | |
| WEBSITE DEVELOPMENT | 8,541 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS | 22,896 | 22,896 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 0 | 211 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISC CONTRACTOR WORK | 2,875 | 0 | 0 |
| Name | Address |
|---|---|
| GRANT FARRELL |
1358 EDGEWOOD RD LAKE FOREST,IL60045 |
| PAUL WOOD |
191 MAYFLOWER RD LAKE FOREST,IL60045 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 6,215 | 0 | 0 |