Radburn
Tax Returns 2003-2005
The Radburn Association has run deficits for the past three
years, with very large amounts spent on legal fees. Take a
look at these key pages from the RA's tax returns filed with
the United States Internal Revenue Service (IRS).
The key figures to review on Radburn's 990 form are on line
18 (showing the deficit) and line 32 (showing legal fees).
Radburn
IRS Tax Return 2003
Radburn
IRS Tax Return 2004
Radburn
IRS Tax Return 2005
SUMMARY
2003:
$222,933 in legal expenses; deficit of $38,342
2004:
$239,284 in legal expenses; deficit of $24,069 (but
a one-time $125K deposit for the Daly field sale -- line 8d
-- disguised the real operating deficit of $149,069)
2005:
$308,205 in legal fees; deficit of $208,547
Total
legal expenses the past three years: $770,442
Total
deficit the past three years: $395,958
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