| Return Reference | Explanation |
|---|---|
| Part I, line 8 | | Other Revenues:, Amount:| Line 8 other revenue consists of gross proceeds from private barrel pick sales made exclusively to club members., $88255| |
| Part I, line 16 | | Other Expenses:, Amount:| Line 16 other expenses consist of the following:Barrel purchase costs: $41,525 Event and tasting expenses:$13,403 Website and communications Squarespace Simple Texting Mailchimp Memberspace:$1,562 Credit card processing fees Stripe:$5,003 Bank fees: $414 Club travel Uber:$438 Total: $62,345, $62345| |
| Part I, Line 19 | | Explanation:| Beginning net assets of $12,117.78 reflects the organizations net asset position at January 1 2025. The organization has not filed returns for 2023 and 2024 which will be filed separately. Actual bank balance at January 1 2025 was $15,507.41. |
| Part I, Line 18 | | Explanation:| Outstanding Barrel Payments: Two barrel purchases Traverse City Barrel Proof Cherry $10,308.55 and Blantons Straight From the Barrel $38,850 were collected from members in 2025 but paid to distilleries in January 2026. These costs will be reflected as expenses on the 2026 Form 990-EZ. |
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