TY 2021 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	323,685
2	Check .............
3	Interest on savings and temporary cash investments	8	8	8
4	Dividends and interest from securities...	382	382	382
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		0
b	Gross sales price for all assets on line 6a 0
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........
9	Income modifications...........			0
10a	Gross sales less returns and allowances	0
b	Less: Cost of goods sold....	0
c	Gross profit or (loss) (attach schedule).....		0		0
11	Other income (attach schedule).......		493,836	91,636	493,836
12	Total. Add lines 1 through 11........	817,911	92,026	494,226
	13	Compensation of officers, directors, trustees, etc.	79,587	0	39,793	39,794
14	Other employee salaries and wages......	70,964	0	35,482	35,482
15	Pension plans, employee benefits.......	536	0	268	268
16a	Legal fees (attach schedule).........		234,451	0	117,226	117,225
b	Accounting fees (attach schedule).......		19,462	0	9,731	9,731
c	Other professional fees (attach schedule)....		0	0	0	0
17	Interest...............	-3,166	0	-355	-2,811
18	Taxes (attach schedule) (see instructions)...		10,777	0	4,742	6,035
19	Depreciation (attach schedule) and depletion...		0	0	0
20	Occupancy..............	131,273	0	14,703	116,570
21	Travel, conferences, and meetings.......	4,864	0	545	4,319
22	Printing and publications..........	0	0	0	0
23	Other expenses (attach schedule).......		1,001,710	0	110,409	891,301
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,550,458	0	332,544	1,217,914
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	1,550,458	0	332,544	1,217,914
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-732,547
b	Net investment income (if negative, enter -0-)		92,026
c	Adjusted net income (if negative, enter -0-)...			161,682

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	21,789	16,866	16,866
	2	Savings and temporary cash investments.........	174,818	5,231	5,231
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts	0
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	6,247	14,643	14,643
	10a	Investments—U.S. and state government obligations (attach schedule)	37,566	79,378	92,424
	b	Investments—corporate stock (attach schedule).......		0
	c	Investments—corporate bonds (attach schedule).......		0
	11	Investments—land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0	0	0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		0
	14	Land, buildings, and equipment: basis 362,894
		Less: accumulated depreciation (attach schedule) 0	362,894	362,894	362,894
	15	Other assets (describe )	28,437,663	27,805,850	27,805,850
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	29,040,977	28,284,862	28,297,908
	17	Accounts payable and accrued expenses..........	4,252	2,314
	18	Grants payable.................	0	0
	19	Deferred revenue.................	0	0
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......	521,315	149,900
	22	Other liabilities (describe )	231,388	581,173
	23	Total liabilities (add lines 17 through 22).........	756,955	733,387
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	3,156,225	3,055,491
	25	Net assets with donor restrictions............	25,127,797	24,495,984
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	28,284,022	27,551,475
	30	Total liabilities and net assets/fund balances (see instructions).	29,040,977	28,284,862

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	1,279
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,279
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,279
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax0	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ROBERT F COLLINGS JR	EXECUTIVE DIRECTOR 7.30	79,587	0	0
680 STRAWBERRY HILL ROAD CONCORD,MA01742
DONALD RISING	TRUSTEE 4.00	0	0	0
30 ELM STREET STOW,MA01775
DOUG BIRKEY	TRUSTEE 4.00	0	0	0
C/O RIVERHILL FARM STOW,MA01775
FRANK DWORAK	TRUSTEE 4.00	0	0	0
329 PLEASANT VALLEY ROAD ROCKY HILL,CT06067
GARY LEWI	TRUSTEE 4.00	0	0	0
C/O RIVERHILL FARM STOW,MA01775

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE FOUNDATION PROVIDED FUNDING FOR THE VIEWING AND DEMONSTRATION OF SEVERAL VIETNAM ERA ARTIFACTS F-4D PHANTOM UH-1E BELL HELICOPTER TA-4J SKYHAWK A-1E SKYRAIDER AND NORTH AMERICAN F-100F SUPER SABRE IN HOUSTON TEXAS.	102,110
2


3


4

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	THE FOUNDATION CONTINUED ITS RESTORATION OF THE B-17 FLYING FORTRESS A BOMBER WHICH SERVED A HISTORIC ROLE IN WORLD WAR II. ALL SUCH COSTS INCURRED IN THE CURRENT FISCAL YEAR WERE CAPITALIZED.	177,151
2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total
	9,205	0	0	115,810	125,015
b 85% (0.85) of line 2a .........	7,824	0	0	98,439	106,263
c Qualifying distributions from Part XI, line 4 for each year listed .....	1,395,065	2,714,674	3,005,791	81,728,479	88,844,009
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	1,395,065	2,714,674	3,005,791	81,728,479	88,844,009
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	0	0	0	0	0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	0	0	0	0	0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	6,137	2,535	30,786	108,177	147,635
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....	0	0	0	0	0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....	0	0	0	0	0
(3) Largest amount of support from an exempt organization	0	0	0	0	0
(4) Gross investment income	0	0	0	0	0

NONE

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

ROBERT F COLLINGS JR
568 MAIN STREET
HUDSON,MA01749
(978) 562-9182
RCOLLINGS@COLLINGSFOUNDATION.ORG

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS SHOULD BE IN WRITING AND INCLUDE BACKGROUND MATERIALS ABOUT THE ORGANIZATION AS WELL AS THE INTENDED USE OF FUNDS.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
3	THE INVESTMENT INCOME EARNED PLAYED A VITAL ROLE IN SUPPORTING THE FOUNDATION'S MISSION OF PRESERVING LIVING HISTORY.
4	THE INVESTMENT INCOME EARNED PLAYED A VITAL ROLE IN SUPPORTING THE FOUNDATION'S MISSION OF PRESERVING LIVING HISTORY.
7	THE INVESTMENT INCOME EARNED PLAYED A VITAL ROLE IN SUPPORTING THE FOUNDATION'S MISSION OF PRESERVING LIVING HISTORY.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1c	892,334	COLLINGS FOUNDATION INC	COST-SHARING UNDER AGREEMENT

(a) Name of organization	(b) Type of organization	(c) Description of relationship

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....		0		0	0
3 Interest on savings and temporary cash investments ...........		0		0	8
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......		0		0	0
bNot debt-financed property.....		0		0	0
6 Net rental income or (loss) from personal property		0		0	0
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............		0		0	0
9 Net income or (loss) from special events:		0		0	0
10 Gross profit or (loss) from sales of inventory		0		0	0
11 Other revenue: a		0		0	0
b		0		0	0
c		0		0	0
d		0		0	0
e		0		0	0
12 Subtotal. Add columns (b), (d), and (e) ..		0		0	92,026

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:	21013404
Software Version:	V1.0
Part VI Line 7 - Tax Paid with the Original Return:	1,279


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

bApproved for future payment

Total ................................. 3b

Name of organization COLLINGS FOUNDATION			Employer identification number 04-2658294

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
1	JOHN M BURGESS 2405 E 7TH STREET DANIA, FL33004	$ 50,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	CRAIG CAMPBELL 1361 ROCKY POINT DRIVE OCEANSIDE, CA92056	$ 16,148		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	MARK DUNHAM 539 ELM CREEK DRIVE MANAKIN SABOT, VA23103	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	PAUL ERICKSON 329 COUGAR TRAIL WHITEFISH, MT59937	$ 7,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	MARTIN FERRIERA DE MELO 4779 COLLINS AVENUE 2903 MIAMI BEACH, FL33140	$ 8,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	JASON KARLIN 3857 BIRCH STREET 431 NEWPORT BEACH, CA92660	$ 25,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization COLLINGS FOUNDATION			Employer identification number 04-2658294
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
7	DAVID KUCHENBECKER 855 TROSPER RD SW STE 108-359 TUMWATER, WA98512	$ 41,837		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	MICHAEL LORIZ 830 FRANKLIN STREET PORT TOWNSEND, WA98368	$ 8,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
9	STANLEY MARSHALL 299 S SILVERSHIRE CIRCLE THE WOODLANDS, TX77381	$ 8,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
10	LARS OYNO	$ 5,500		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
11	DAVID SWAIN 48 MIRADOR IRVINE, CA92612	$ 10,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
12	DANIEL VERDIER 9 KENSINGTON COURT MYSTIC, CT06355	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization COLLINGS FOUNDATION		Employer identification number 04-2658294

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
7	50 SHS MICROSOFT CORP & 223 SHARES WORKDAY	$ 41,837	2022-11-07
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)


Name of organization COLLINGS FOUNDATION			Employer identification number 04-2658294
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Category	Amount	Adjusted Net Income	Disbursements for Charitable Purposes
Casner & Edwards	3,783	1,892	1,891
Law Offices of Paul A. Lange	148,521	74,260	74,261
Saxe Doernberger Vita PC	81,941	40,971	40,970
CSC	206	103	103

Item No.	1
Lender's Name	SBA PPP #1
Lender's Title	GOVERNMENT
Relationship to Insider	N/A
Original Amount of Loan	201,100
Balance Due	170,315
Date of Note	2020-04
Maturity Date	2022-01
Repayment Terms	MONTHLY STARTING 1/3/22
Interest Rate	0.06000
Security Provided by Borrower	N/A
Purpose of Loan	OPERATIONS
Description of Lender Consideration	N A
Consideration FMV	0

Item No.	2
Lender's Name	SBA PPP #2
Lender's Title	SBA
Relationship to Insider	N/A
Original Amount of Loan	201,100
Balance Due	201,100
Date of Note	2021-01
Maturity Date	2022-01
Repayment Terms	MONTHLY
Interest Rate	0.06000
Security Provided by Borrower	N/A
Purpose of Loan	OPERATIONS
Description of Lender Consideration	N A
Consideration FMV	0

Item No.	3
Lender's Name	EIDC
Lender's Title	SBA
Relationship to Insider	N/A
Original Amount of Loan	149,900
Balance Due	149,900
Date of Note	2021-09
Maturity Date	2022-09
Repayment Terms	MONTHLY
Interest Rate	0.06000
Security Provided by Borrower	N/A
Purpose of Loan	OPERATIONS
Description of Lender Consideration	N A
Consideration FMV	149900

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ANTIQUE MILITARY AIRCRAFT RESTORATION COSTS CURRENT YEAR IS NET OF AMORTIZATION	8,882,992	581,061	581,061
LESS: ACCUMULATED AMORTIZATION	-7,670,118	0	0
ANTIQUE AIRCRAFT	26,985,981	26,985,981	26,985,981
GUNS	115,258	115,258	115,258
MILITARIA COLLECTION	123,550	123,550	123,550

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
OFFICE SUPPLIES	338	38	300
UTILITIES	3,002	336	2,666
SOFTWARE SUBSCRIPTIONS	10,319	1,156	9,163
POSTAGE	278	31	247
BANK SERVICE CHARGES	12,327	1,380	10,947
WORKERS COMPENSATION INSURANCE	1,521	170	1,351
ANTIQUE AIRCRAFT MAINTENANCE	183,388	20,539	162,849
AIRCRAFT OIL & FUEL	11,594	1,299	10,295
SHOP EXPENSE	242	27	215
AIRCRAFT SUPPLIES	3,966	444	3,522
PAYROLL SERVICE CHARGES	3,006	337	2,669
OFFICE-MISCELLANEOUS	2,199	246	1,953
FUNDRAISNG EXPENSES	11,997	0	11,997
AMORTIZATION	753,628	84,406	669,222
AIRCRAFT INSURANCE	3,905	0	3,905

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
REAL ESTATE PARTNERSHIPS	91,636	91,636	91,636
Forgiveness of PPP Loans	402,200	0	402,200

Description	Beginning of Year - Book Value	End of Year - Book Value
CREDIT CARDS PAYABLE	4,638	72,551
INSURANCE DEDUCTIBLE PAYABLE	200,000	200,000
DUE TO COLLINGS FOUNDATION INC.	26,750	308,622

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL TAXES	9,113	0	4,556	4,557
ANNUAL REPORT FEE	1,664	0	186	1,478