TY 2014 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) DARREN HINSENKAMP........................................................................
DIRECTOR

1.00
.......................

(2) JEFF SCHWARTZ........................................................................
DIRECTOR

1.00
.......................

(3) GREG WILLIAMS........................................................................
SECRETARY/TREASURER

1.00
.......................

(4) DAN JONKHOFF........................................................................
VICE-PRESIDENT

1.00
.......................

(5) LESLIE TRETER........................................................................
PRESIDENT

2.00
.......................

(6) JIM VANVLIET........................................................................
DIRECTOR

1.00
.......................

(7) VINNY COLLINS........................................................................
DIRECTOR

1.00
.......................

(8) BARB GILLEN........................................................................
DIRECTOR

1.00
.......................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.

(A)
Total expenses

(B)
Program service expenses

(D)
Fundraising expenses

Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....

Grants and other assistance to domestic individuals. See Part IV, line 22 ....

Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............

Benefits paid to or for members ....

Compensation of current officers, directors, trustees, and key employees ....

77,230

Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....

Other salaries and wages ....

1,034,885

Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....

Other employee benefits .......

318,371

Payroll taxes ...........

Fees for services (non-employees):

Management ......

Legal .........

Accounting ...........

9,331

Lobbying ...........

Professional fundraising services. See Part IV, line 17

Investment management fees ......

Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....

Advertising and promotion ....

89,840

Office expenses .......

Information technology ......

Royalties ..

Occupancy ...........

Travel ............

Payments of travel or entertainment expenses for any federal, state, or local public officials ......

Conferences, conventions, and meetings ....

Interest ...........

32,300

Payments to affiliates .......

Depreciation, depletion, and amortization .....

260,258

Insurance ..............

34,287

Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)

COST OF GOODS SOLD

649,967

GOLF COURSE EXPENSES

127,901

UTILITIES

102,373

SUPPLIES

89,800

All other expenses

529,694

Total functional expenses. Add lines 1 through 24e

3,356,237

Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet

if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	62,927	1	145,305
2	Savings and temporary cash investments .........		2
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............	345,182	4	208,040
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............	145,162	8	112,700
9	Prepaid expenses and deferred charges ..........	61,658	9	48,688
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	7,049,595
b	Less: accumulated depreciation .....	10b	4,316,167	2,862,424	10c	2,733,428
11	Investments—publicly traded securities ..........		11
12	Investments—other securities. See Part IV, line 11 .....		12
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........	50,851	15	38,605
16	Total assets. Add lines 1 through 15 (must equal line 34)......	3,528,204	16	3,286,766
	17	Accounts payable and accrued expenses .........	127,649	17	92,899
18	Grants payable .................		18
19	Deferred revenue ................	240,879	19	182,607
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..	945,428	23	909,536
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................	341,632	25	356,816
26	Total liabilities. Add lines 17 through 25.........	1,655,588	26	1,541,858
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........	0	30	0
31	Paid-in or capital surplus, or land, building or equipment fund .....	498,713	31	460,223
32	Retained earnings, endowment, accumulated income, or other funds	1,373,903	32	1,284,685
33	Total net assets or fund balances ...........	1,872,616	33	1,744,908
34	Total liabilities and net assets/fund balances ........	3,528,204	34	3,286,766

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............

(A)
Beginning of year

(B)
End of year

Cash–non-interest-bearing .............

62,927

145,305

Savings and temporary cash investments .........

Pledges and grants receivable, net ...........

Accounts receivable, net .............

345,182

208,040

Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................

Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L

Notes and loans receivable, net .............

Inventories for sale or use ..............

145,162

112,700

Prepaid expenses and deferred charges ..........

61,658

48,688

10a

Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D

10a

7,049,595

Less: accumulated depreciation .....

10b

4,316,167

2,862,424

10c

2,733,428

Investments—publicly traded securities ..........

Investments—other securities. See Part IV, line 11 .....

Investments—program-related. See Part IV, line 11 .....

Intangible assets ...............

Other assets. See Part IV, line 11 ...........

50,851

38,605

Total assets. Add lines 1 through 15 (must equal line 34)......

3,528,204

3,286,766

Accounts payable and accrued expenses .........

127,649

92,899

Grants payable .................

Deferred revenue ................

240,879

182,607

Tax-exempt bond liabilities .............

Escrow or custodial account liability. Complete Part IV of Schedule D..

Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified

persons. Complete Part II of Schedule L..........

Secured mortgages and notes payable to unrelated third parties ..

945,428

909,536

Unsecured notes and loans payable to unrelated third parties ....

Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................

341,632

356,816

Total liabilities. Add lines 17 through 25.........

1,655,588

1,541,858

Organizations that follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 27 through 29, and lines 33 and 34.

Unrestricted net assets ..............

Temporarily restricted net assets ...........

Permanently restricted net assets ...........

Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 30 through 34.

Capital stock or trust principal, or current funds ........

Paid-in or capital surplus, or land, building or equipment fund .....

498,713

460,223

Retained earnings, endowment, accumulated income, or other funds

1,373,903

1,284,685

Total net assets or fund balances ...........

1,872,616

1,744,908

Total liabilities and net assets/fund balances ........

3,528,204

3,286,766

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

		Amount
c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Description of property	(a) Cost or other basis (investment)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	10,431		10,431
b	Buildings ................	3,388,623	1,900,576	1,488,047
c	Leasehold improvements ............	1,607,270	698,877	908,393
d	Equipment ................	2,043,271	1,716,714	326,557
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......	2,733,428

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

Return Reference	Explanation
PART X, LINE 2:	THE CLUB IS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO INCOME TAX ONLY ON THE BUSINESS INCOME OF THE CLUB NOT RELATED TO ITS MEMBERS' SOCIAL AND ATHLETIC ACTIVITIES. SUCH TAXES ARE GENERALLY INSIGNIFICANT. THE CLUB FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE MARCH 31, 2010.

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

TRAVERSE CITY GOLF AND COUNTRY CLUB

Employer identification number

38-1108525

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11	A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS BY THE TREASURER AND PROVIDED TO EACH MEMBER FOR THEIR REVIEW PRIOR TO SIGNING.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION FOR TOP MANAGEMENT IS REVIEWED BY THE GENERAL MANAGER AND THE COMPENSATION COMMITTEE USING COMPARABILITY DATA. THE COMPENSATION COMMITTEE IS COMPRISED OF THE CURRENT BOARD PRESIDENT, THE PRIOR BOARD PRESIDENT AND A CURRENT BOARD MEMBER.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO ITS MEMBERS UPON REQUEST.
FORM 990, PART IX, LINE 24E	REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 75,792. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,792. BANK CHARGES: PROGRAM SERVICE EXPENSES 52,889. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,889. EQUIPMENT: PROGRAM SERVICE EXPENSES 52,787. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,787. TOURNAMENTS: PROGRAM SERVICE EXPENSES 50,737. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,737. PROPERTY TAXES: PROGRAM SERVICE EXPENSES 47,852. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,852. LINENS: PROGRAM SERVICE EXPENSES 40,459. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,459. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 35,408. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,408. OTHER: PROGRAM SERVICE EXPENSES 33,353. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,353. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 28,898. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,898. RECRUITMENT COSTS: PROGRAM SERVICE EXPENSES 19,442. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,442. FITNESS: PROGRAM SERVICE EXPENSES 17,717. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,717. SOCIAL: PROGRAM SERVICE EXPENSES 16,476. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,476. TELEPHONE: PROGRAM SERVICE EXPENSES 10,952. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,952. CENTENNIAL COMMITTEE: PROGRAM SERVICE EXPENSES 8,643. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,643. POSTAGE: PROGRAM SERVICE EXPENSES 7,522. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,522. SERVICE FEES FOR EMPLOYEE PROGRAM: PROGRAM SERVICE EXPENSES 6,904. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,904. BIRTHDAY PROMOTION: PROGRAM SERVICE EXPENSES 6,644. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,644. LANDSCAPING: PROGRAM SERVICE EXPENSES 3,921. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,921. SECURITY: PROGRAM SERVICE EXPENSES 3,759. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,759. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 3,425. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,425. BOARD OF DIRECTORS EXPENSES: PROGRAM SERVICE EXPENSES 3,201. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,201. LOCKER ROOM: PROGRAM SERVICE EXPENSES 1,916. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,916. LICENSES: PROGRAM SERVICE EXPENSES 997. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 997.
FORM 990, PART XI, LINE 9:	CHANGE IN UNRESTRICTED PAID-IN CAPITAL -38,490. CHANGE IN OTHER UNRESTRICTED NET ASSETS 98,392. CHANGE IN CAPITAL IMPROVEMENTS NET ASSETS -72,769.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: A COUNTRY CLUB WHICH PROVIDES ITS MEMBERS WITH DINING, RECREATIONAL AND SOCIAL ACTIVITIES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	8
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	8
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	93
6	Total number of volunteers (estimate if necessary) .............	6	57
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	268,670
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	-37,652

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	1,450,860	1,457,805
9	Program service revenue (Part VIII, line 2g) .........	1,683,140	1,779,925
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	5,814	3,666
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	3,139,814	3,241,396
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,384,610	1,430,486
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,956,270	1,925,751
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,340,880	3,356,237
19	Revenue less expenses. Subtract line 18 from line 12.......	-201,066	-114,841
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	3,528,204	3,286,766
21	Total liabilities (Part X, line 26).............	1,655,588	1,541,858
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,872,616	1,744,908

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 3,301,180 including grants of $ ) (Revenue $ 1,514,921 )
	THE ORGANIZATION PROVIDES QUALITY DINING AND SOCIAL EVENTS TO 175 SOCIAL MEMBERS AND FIRST-RATE RECREATIONAL GOLF ACTIVITIES FOR 212 GOLF MEMBERS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses3,301,180

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b		1,457,805
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			1,457,805
			Business Code
2a	DINING ROOM SALES		713910	1,106,147	907,751	198,396
b	PRO SHOP SALES		713910	538,851	472,651	66,200
c	TOURNAMENT FEES		713910	51,355	51,355
d	DONATIONS		713910	41,921	41,921
e	FITNESS		713910	19,927	19,927
f	All other program service revenue .			21,724	21,724
g	Total. Add lines 2a–2f........			1,779,925
3	Investment income (including dividends, interest, and other similar amounts).......			4,074		4,074
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory		1,730
b	Less: cost or other basis and sales expenses		2,138
c	Gain or (loss)		-408
d	Net gain or (loss)..........			-408	-408
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			3,241,396	1,514,921	268,670	0

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability		(b) Book value
Federal income taxes
STOCK REDEMPTION PAYABLE		356,816








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		356,816
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII