TY 2015 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)
(1) GERRY CULLEN...................................................................... TRUSTEE	1.00 .................	X
(2) PAUL SMITH...................................................................... TRUSTEE	1.00 .................	X
(3) PATRICK MCALEER...................................................................... TRUSTEE	1.00 .................	X
(4) JILL MUNDENAR...................................................................... TRUSTEE	1.00 .................	X
(5) LISA BOOTH...................................................................... TRUSTEE	1.00 .................	X
(6) GEORGE SHOFFNER...................................................................... TRUSTEE	1.00 .................	X
(7) SHEILA STRAUB...................................................................... TRUSTEE	1.00 .................	X
(8) BRYAN ESHELMAN...................................................................... TRUSTEE	1.00 .................	X
(9) FRANK CIRII...................................................................... TRUSTEE	1.00 .................	X
(10) JOHN GROSKOPH...................................................................... TRUSTEE	1.00 .................	X
(11) CHARLIE REINHART...................................................................... TRUSTEE	1.00 .................	X
(12) ANGELO SAGGIOMO...................................................................... TRUSTEE	1.00 .................	X
(13) VINCCE TAGUE...................................................................... TRUSTEE	1.00 .................	X
(14) ROBERT HARTEL...................................................................... TRUSTEE	1.00 .................	X
(15) JAY MALLON...................................................................... TRUSTEE	1.00 .................	X
(16) LORETTA FINNEGAN...................................................................... TRUSTEE	1.00 .................	X
(17) MATHEW RYAN...................................................................... TRUSTEE	1.00 .................	X

(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) GERRY CULLEN......................................................................
TRUSTEE

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

(2) PAUL SMITH......................................................................
TRUSTEE

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

(3) PATRICK MCALEER......................................................................
TRUSTEE

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

(4) JILL MUNDENAR......................................................................
TRUSTEE

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

(5) LISA BOOTH......................................................................
TRUSTEE

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

(6) GEORGE SHOFFNER......................................................................
TRUSTEE

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

(7) SHEILA STRAUB......................................................................
TRUSTEE

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

(8) BRYAN ESHELMAN......................................................................
TRUSTEE

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

(9) FRANK CIRII......................................................................
TRUSTEE

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

(10) JOHN GROSKOPH......................................................................
TRUSTEE

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

(11) CHARLIE REINHART......................................................................
TRUSTEE

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

(12) ANGELO SAGGIOMO......................................................................
TRUSTEE

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

(13) VINCCE TAGUE......................................................................
TRUSTEE

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

(14) ROBERT HARTEL......................................................................
TRUSTEE

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

(15) JAY MALLON......................................................................
TRUSTEE

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

(16) LORETTA FINNEGAN......................................................................
TRUSTEE

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

(17) MATHEW RYAN......................................................................
TRUSTEE

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

(18) MIKE GILLEN........................................................................
TRUSTEE

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

(19) JEFF O'DONNELL........................................................................
TRUSTEE

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

(20) ALAN SHAEFFER........................................................................
TRUSTEE

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

(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


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


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on 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' on 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

- 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

2015

Open to Public
Inspection

Name of the organization

AVALON YACHT CLUB

Employer identification number

23-6016082

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11	REVIEWED BY TREASURER, WHO IS A MEMBER OF THE BOARD OF DIRECTORS
FORM 990, PART VI, SECTION C, LINE 19	N/A
FORM 990, PART IX, LINE 24E	REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 47,591. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,591. SUPPLIES & MISCELLANEOUS: PROGRAM SERVICE EXPENSES 33,463. MANAGEMENT AND GENERAL EXPENSES 12,153. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,616. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 34,181. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,181. CONTRACT HIRE: PROGRAM SERVICE EXPENSES 25,854. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,854. LINENS & FLOWERS: PROGRAM SERVICE EXPENSES 20,867. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,867. YEARBOOK: PROGRAM SERVICE EXPENSES 18,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,975. ADMINISTRATIVE COSTS: PROGRAM SERVICE EXPENSES 16,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,000. CREDIT CARD COMMISSIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,961. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,961. EVENT NIGHTS: PROGRAM SERVICE EXPENSES 12,794. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,794. GROUNDS EXPENSE: PROGRAM SERVICE EXPENSES 11,834. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,834. MAILINGS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,005. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,005. TRASH REMOVAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,920. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,920. DUES & LICENSES: PROGRAM SERVICE EXPENSES 1,727. MANAGEMENT AND GENERAL EXPENSES 4,981. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,708. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,487. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,487. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 2,287. MANAGEMENT AND GENERAL EXPENSES 3,524. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,811. DONATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,447. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,447. OFFICE SUPPLIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,697. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,697. PRINTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,350. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,350. COMPUTER PAYROLL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,670. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,670. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,239. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,239. REGATTA: PROGRAM SERVICE EXPENSES 2,265. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,265. BROCHURES: PROGRAM SERVICE EXPENSES 1,681. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,681. CREDITS/SPOILAGE: PROGRAM SERVICE EXPENSES 1,142. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,142. SAILING CLINIC: PROGRAM SERVICE EXPENSES 1,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. GAS & OIL: PROGRAM SERVICE EXPENSES 910. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 910. EMPLOYEE MEALS: PROGRAM SERVICE EXPENSES 722. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 722. BAR FOOD: PROGRAM SERVICE EXPENSES 299. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 299.
FORM 990, PART XI, LINE 9:	INCREASE (DECREASE) IN PROPRIETARY CERTIFICATES -1,640.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: SOCIAL CLUB
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	20
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	380
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,908,348	2,061,925
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	422	380
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)	1,908,770	2,062,305
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)	832,323	880,526
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)....	1,140,154	1,178,333
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,972,477	2,058,859
19	Revenue less expenses. Subtract line 18 from line 12.......	-63,707	3,446
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	3,553,965	3,484,675
21	Total liabilities (Part X, line 26).............	1,126,979	1,055,883
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,426,986	2,428,792

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 901,681 including grants of $ ) (Revenue $ 1,829,197 )
	ENTERTAINMENT AND SOCIAL

4b	(Code: ) (Expenses $ 112,530 including grants of $ ) (Revenue $ 209,162 )
	MARINA AND YOUTH

4c	(Code: ) (Expenses $ 18,975 including grants of $ ) (Revenue $ 23,566 )
	YEARBOOK

	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	INTEREST INCOME

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses1,033,186

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

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

			Business Code
2a	SERVICES & ACTIVITIES	713990	1,625,225	1,625,225
b
c
d
e
f	All other program service revenue.			436,700	436,700
g Total.Add lines 2a–2f.....			2,061,925

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			380		380
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
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..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			2,062,305	2,061,925	380	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	723,145	423,100	300,045
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	74,962		74,962
10	Payroll taxes ...........	82,419	47,521	34,898
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	1,500		1,500
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	14,035		14,035
12	Advertising and promotion ....	4,743	4,743
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	4,800		4,800
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	6,445	6,445
20	Interest ...........	43,111		43,111
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	241,896		241,896
23	Insurance ...	123,651		123,651
24	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.)
a	FOOD COSTS	230,004	230,004
b	LIQUOR COSTS	79,842	79,842
c	UTILITIES	60,750		60,750
d	ENTERTAINMENT	55,530	55,530
e	All other expenses	312,026	186,001	126,025
25	Total functional expenses. Add lines 1 through 24e	2,058,859	1,033,186	1,025,673	0
26	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 if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			66,651	1	47,169
2	Savings and temporary cash investments .........			1,062	2	1,062
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			2,243	4	24,601
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 ........			27,539	8	31,265
9	Prepaid expenses and deferred charges ......			10,130	9	9,145
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	6,041,312
b	Less: accumulated depreciation	10b	2,676,387	3,439,001	10c	3,364,925
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 ...............			7,339	14	6,508
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 34)...			3,553,965	16	3,484,675

17	Accounts payable and accrued expenses .....	27,902	17	23,093
18	Grants payable ...		18
19	Deferred revenue .........		19
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 ..	785,777	23	711,057
24	Unsecured notes and loans payable to unrelated third parties ..	165,000	24	165,000
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	148,300	25	156,733
26	Total liabilities. Add lines 17 through 25..	1,126,979	26	1,055,883

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	2,426,986	27	2,428,792
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 .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	2,426,986	33	2,428,792
34	Total liabilities and net assets/fund balances ........	3,553,965	34	3,484,675

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 ....

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 ......

1a	Land ...	459,600		459,600
b	Buildings	4,550,402	1,908,954	2,641,448
c	Leasehold improvements
d	Equipment ...	936,941	694,851	242,090
e	Other ...	94,369	72,582	21,787
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				3,364,925

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(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
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
ADVANCE DEPOSITS	128,733
BOND ASSESSMENTS PAYABLE	28,000
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	156,733
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