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        <ExplanationTxt>ICUAS Association, Inc., does not issue any Grants, nor fellowships, nor scholarships.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part I, Line 16</FormAndLineReferenceDesc>
        <ExplanationTxt>The main goal of the ICUAS Association, Inc., is the organization of the annual conference and the publication of the Unmanned Aviation Magazine, the eUAM, an electronic publication that is published quarterly and it is offered gratis. The main revenue / income of the Association is through conference registrations paid by authors and attendees who participate in the annual Conference. Additional, minor, income may be from very few sponsors (publishers, exhibitors). In 2025, the total registration income was $94,382.00. Other income in 2025 (early sponsorships for ICUAS 2026) amounts to $8,029.00. Carry over from 2024 is $16,190.00. Thus, the total, combined, revenue/income in 2025 amounts to: $118,601.00, which is reported in the 2025 return. The 2025 Association expenses are as follows: 1.) Conference expenses were $71,278.00 - Every year the annual Conference returns a modest surplus. 2.) Payroll expenses were $18,845.00. 3.) Other Association expenses were $20,395.00. Therefore, total expenses in 2025 were $110,518.00. Carry over to 2026 is a surplus of $8,083.00.</ExplanationTxt>
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        <ExplanationTxt>The combined total surplus that is carried to 2026, net asset on January 1, 2026, is $8083.00. The decrease in net assets is due to the fact that in 2025 there were considerably less registrations compared to 2024!</ExplanationTxt>
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        <ExplanationTxt>No significant changes. Association documents were updated and submitted to the State of Colorado. A combined copy is also attached here.</ExplanationTxt>
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