Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY | INCOME: GROSS RECEIPTS: 11,810. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 4,252. GROSS PROFIT: 7,558. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 6,628. MERCHANDISE PURCHASED: 0. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 2,376. COST OF GOODS SOLD: 4,252. |
| FORM 990-EZ, PART I, LINE 14 | DESCRIPTION: DEPRECIATION. AMOUNT: 5,890. |
| FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES | DESCRIPTION: OFFICE EXPENSES. AMOUNT: 68. DESCRIPTION: TRAVEL. AMOUNT: 50. DESCRIPTION: REPAIRS AND BOAT SUPPLIES. AMOUNT: 9,210. DESCRIPTION: BUSINESS TAXES AND LICENSES. AMOUNT: 600. DESCRIPTION: RACE FEES. AMOUNT: 3,121. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 15. TOTAL TO FORM 990-EZ, LINE 16: 13,064. |
| FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS | DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 6,628. END OF YEAR AMOUNT: 2,376. |
| FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES | DESCRIPTION: DUE TO CREW MEMBERS. BEG. OF YEAR AMOUNT: 4,210. END OF YEAR AMOUNT: 0. |
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