IJA Financial Statement
December 31, 2002
Previous financial statement |
Next financial statement
2002 Form 990
If you are viewing this
page with Netscape on a Mac and the figures in the columns below do
not line up perfectly (particularly the totals), you may want to try
viewing with another browser, such as Internet Explorer on your Mac.
Balance Sheet
December 31, 2002
ASSETS
Current Assets:
Cash 29,959.52
Life Member Fund 84,701.32
Advance 1,500.00
Archival Fund 37,969.39
Inventory 13,853.00
------------
TOTAL CURRENT ASSETS 167,983.23
Fixed Assets:
Furniture and Fixtures 8,611.50
Accum depre - F & F -8,611.50
Equipment 725.16
Accum. Deprc. Equipment -725.16
------------
TOTAL ASSETS 167,983.23
============
LIABILITIES & EQUITY
Liabilities:
Accrued Expenses FWT/FICA 679.12
Accrued Expenses SWT 175.08
------------
Total Liabilities 854.20
Equity:
Beginning Retained Earnings 184,168.01
Current Period Profit (Loss) -17,038.98
------------
Total Equity 167,129.03
------------
TOTAL LIABILITIES & EQUITY 167,983.23
============
Income Statement
12 Month Period Ending December 31, 2002
INCOME:
WJD Sponsorships 1,031.11
Festival Fund 4,070.00
Bud's Kids 3,830.00
Donations 1,545.00
Randi Project 210.00
Membership dues 56,687.00
Intro 234.00
Life Member Donations 955.00 (note 3)
New Life Member 4,500.00 (note 3)
Archive Donations 151.00
Interest - General Fund 147.10
Interest - Archival Fund 581.26
Interest LM Fund 1,279.61
Interest New LM 37.67
Roster ads 550.00
Merchandise sold 353.25
JUGGLE back issues 1,320.00
Auction 2,753.50
Shipping 2,806.69
Video Sales 21,185.45
Reading 2002 Festival 171,918.87
TOTAL INCOME 276,146.51
EXPENSES:
JUGGLE Magazine Expenses:
Postage 508.12
Professional services 64,595.74
Total JUGGLE Magazine Expenses 65,103.86
General Account Expenses:
Insurance 3,577.00
Archives/Auction 573.54
Bud's Kids 266.33
Bank charges 1,378.00
JUGGLE magazines 108.00
Equipment Rental 20.15
Office Supplies 1,638.19
Randi Project 1,050.00
World Juggling Day 429.53
Inventory change 17,738.39 (note 1)
Miscellaneous 47.01
Postage 8,945.97
Printing 4,002.78
Employee taxes - State/Fed 1,647.00 (note 2)
Prof services-accountant,CAO 10,158.33
Video Expense 18,725.69
Salaries 18,000.00 (note 2)
Telephone 2,151.92
Telephone - Board 2,778.44
Total General Expense 93,236.27
Madison 2001 Festival:
Printing 83.62
Travel Expenses 677.07
Total Madison 2001 Fest Exp 760.69
Reading 2002 Festival:
Bank charges 2,318.97
Championships 4,286.75
Equipment rental 1,379.15
Facility 27,617.89
Insurance 2,604.40
Merchandise for resale 7,862.23
Miscellaneous 7,142.28
Office supplies 642.57
Postage 3,015.02
Printing 7,437.68
Professional services 13,560.00
Telephone 2,345.13
Travel expenses 21,915.47
Employee taxes - State/Fed 1,454.96 (note 2)
Salaries 16,666.64 (note 2)
Total Reading 2002 Fest Exp 120,249.14
Reno 2003 Festival:
Championships 1,163.75
Insurance 1,876.40
Postage 39.11
Printing 283.00
Prof services 500.00
Telephone 760.98
Travel expenses 151.49
Employee taxes - State/Fed 727.48 (note 2)
Salaries 8,333.32 (note 2)
Total Reno 2003 Festival Exp 13,835.53
TOTAL EXPENSE 293,185.49
NET PROFIT (LOSS) -17,038.98
NET PROFIT (LOSS) LESS MEMBER
PAYMENTS TO LIFE MEMBER FUNDS -22,493.98 (note 3)
Notes:
(1) The $17,738.39 line item under General Account Expenses
labeled "Inventory Change" reflects a devaluation of "dead" items in
our inventory. These dead items consist mainly of thousands of
Jugglers World magazines. This has been done under the advisement of
our accountant.
(2) Salaries and employee taxes are adjusted this year to
separately show the gross salary and employer's tax contributions.
(3) NET PROFIT (LOSS) LESS MEMBER PAYMENTS TO LIFE MEMBER
FUNDS is calculated by subtracting from NET PROFIT (LOSS) the payments
into the life member funds that totaled $5,455.00, which represents
(a) donations from life members to strengthen the original life member
fund and (b) fees from new life member(s). The life member funds are
intended to support membership services for life members in future
years and increases to these funds do not represent pro forma profit
to the organization.
|
