| Return Reference | Explanation |
|---|---|
| FORM 990-EZ, PART I, LINE 8 | USAGE FEES AND UPGRADES 19,410 CC SURCHARGE 2,087 LATE FEES 388 TOTAL 21,885 |
| FORM 990-EZ, PART I, LINE 16 | EXPENSES ADVERTISING 387 DIRECTOR/OFFICER INSURANCE 1,206 INSURANCE 11,202 BANK CHARGES 3,820 COMPUTER/SOFTWARE EXPENSE 1,078 FUEL EXPENSE 226 AVAIATION DATABASE 1,168 HANGAR SUPPLIES 995 REPAIRS AND MAINTENANCE 59,869 TAXES & LICENSES 4,468 NON-INVESTMENT DEPRECIATION 13,411 TOTAL 97,830 |
| FORM 990-EZ, PART I, LINE 20 | ADJUST REFUNDABLE MEMBERSHIP DUES TO LIABILITY -150,849 |
| FORM 990-EZ, PART II, LINE 24 | AIRPLANES 147,825 147,825 LESS ACCUMULATED DEPRECIATION 129,517 142,929 TOTAL 18,308 4,896 |
| FORM 990-EZ, PART II, LINE 26 | MEMBER DEPOSITS 0 152,228 MORTGAGE AND OTHER NOTES PAYABLE 9,353 0 |
| FORM 990-EZ, PART III | THE CLUB WILL PROVIDE AFFORDABLE, CLEAN, WELL-MAINTAINED AIRCRAFT FOR THE CLUB MEMBERS' USE. AS SAFETY IS A PRIORITY, ALL MAINTENANCE CONCERNS WILL BE ADDRESSED IMMEDIATELY. |
| FORM 990-EZ, PART III, LINE 28 | THE COA FLYING CLUB HAS PURCHASED 2 AIRPLANES AND IS AN EQUITY BASED CLUB OF 20 MEMBERS. THE MEMBERS HAVE TO AT MINIMUM HOLD A PRIVATE PILOTS CERTIFICATE AND ARE ABLE TO FLY BOTH AIRPLANES. COA COLLECTS FEES FROM THE MEMBERS FOR THE HOURLY USAGE OF THE AIRPLANES WHICH IS APPLIED TOWARDS OPERATING AND MAINTENANCE COSTS. THE MEMBERS ALSO PAY A YEARLY DUE FOR OPERATING AND MAINTENANCE COSTS AND ASSESSMENTS IF NEEDED. THE AIRPLANES ARE NOT FOR HIRE AND YOU HAVE TO BE A MEMBER TO FLY THE AIRPLANES. |
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