166 MODEL AVIATION
I HAVE received the Statement of
Activities for 2006 and it shows an increase
in net assets of $317,063. To you tax-paying
people, that’s a profit but to a [c]3 group,
that’s excess of revenue over expenses. I
will have more information on this
statement next month.
By the time you read this, the audit
report will be available on the AMA Web
site. As in the past, I will present the
statements and a few comment each month.
Thought for the day: the two hardest
things to handle in life are failure and
success.
A-B-C Always Be Courteous.
Until later …
Doug Holland
3517 Fernwood Dr.
Raleigh NC 27612
Home: (919) 787-5163
Work: (919) 787-7454
Executive Vice President
Doug Holland; [email protected]
Edition: Model Aviation - 2007/06
Page Numbers: 166
