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 16 | EXPENSES INTEREST - ENGINE RESERVE 645 INSURANCE - AIRCRAFT 18,983 DIRECTORS & OFFICERS 1,244 REPAIRS & MAINTENANCE 76,655 FUEL 48,617 RADIO MAINTENANCE 3,805 ADMINISTRATIVE EXPENSE 3,075 CHARTS & GPS SUBSCRIPTION 2,584 PAINT & INTERIOR EXPENSE 8,000 TIEDOWNS 6,898 WASH & WAX EXPENSE 87 MISCELLANEOUS 1,022 NON-INVESTMENT DEPRECIATION 2,526 TOTAL 174,141 |
| FORM 990-EZ, PART II, LINE 24 | ACCOUNTS RECEIVABLE 32,155 26,916 LESS ALLOWANCE 3,562 0 NET 28,593 26,916 PREPAID EXPENSES AND DEFERRED CHARGES 16,894 17,876 AIRCRAFT 240,622 240,622 LESS ACCUMULATED DEPRECIATION 82,790 85,316 CHARTER VALUES 250 250 TOTAL 203,569 200,348 |
| FORM 990-EZ, PART II, LINE 26 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 64,625 7,254 CONTINGENCY FUND 10,000 10,000 RESERVE FUNDS 89,230 98,180 |
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