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        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPENSES ADVERTISING &amp; MARKETING 93 ACCOUNTING SOFTWARE 385 28 311 RACE PRIZES/AWARDS 73,578 EQUIPMENT RENTAL 7,561 SUPPLIES 6,060 FUEL &amp; TRAIL CREW 4,549 DONATIONS 4,500 MISC. RACE EXPENSES 3,551 SPONSORSHIP RECOGNITION 3,398 SAFETY &amp; EQUIPMENT 2,365 VOLUNTEER EXPENSES 889 BANK FEES 632 FOOD FOR MUSHERS 352 TAXES &amp; LICENSES 50 TOTAL 108,302</ExplanationTxt>
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        <ExplanationTxt>INVENTORIES FOR SALE OR USE 2,868 4,800 PREPAID EXPENSES AND DEFERRED CHARGES 3,518 6,018 FIXED ASSETS 4,028 4,028 LESS ACCUMULATED DEPRECIATION 4,028 4,028 TOTAL 6,386 10,818</ExplanationTxt>
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        <ExplanationTxt>ACCOUNTS PAYABLE AND ACCRUED EXPENSES 295 2,438</ExplanationTxt>
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        <ExplanationTxt>THE KOBUK 440 RACING ASSOCIATION IS DEDICATED TO ENHANCING AND PERPETUATING THE INUPIAQ TRADITION OF DISTANCE DOG MUSHING IN THE ARCTIC.</ExplanationTxt>
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