Notes to Financial Statements
9. Capital Lease Obligations
The Foundation has several noncancellable capital leases relating to computer hardware and office equipment.
The future minimum rental payments required under these leases are as follows:
| 2007 | $195,177 |
|---|---|
| 2008 | 142,880 |
| 2009 | 134,724 |
| 2010 | 70,524 |
| 543,305 | |
| Less amounts representing interest | (152,586) |
| $390,719 |