Difference between revisions of "Annual financial report (2012–2013)"
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==Income Statement== |
==Income Statement== |
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<div class="rowlines-wrapper"> |
<div class="rowlines-wrapper"> |
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| − | {| class="rowlines" |
+ | {| class="rowlines" |
| − | ! colspan="6" | Revenue |
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| − | |- |
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| − | | rowspan="6" style="width:10px;" | |
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| − | | colspan="2" | Donations |
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| − | | align="right" | $7,490.00 |
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| − | | |
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| − | | width="50%" | {{note|note note note.}} |
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| − | |- |
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| − | | rowspan="13" style="width:10px;" | |
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| − | | colspan="2" | Wikimania 2012 |
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| − | | |
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| − | | align="right" | $554,422.51 |
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| − | | width="50%" | |
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| − | |- |
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| − | | rowspan="6" style="width:10px;" | |
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| − | | Gross sponsorship |
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| − | | align="right" | $505,970.00 |
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| − | | |
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| − | | width="50%" | |
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| − | |- |
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| − | | Refund |
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| − | | align="right" | ($27,474.04) |
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| − | | |
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| − | | width="50%" | {{note|Refunds were paid to the Wikimedia Foundation due to invoice errors and due to an excess of funds at the end of the conference.}} |
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| − | |- |
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| − | | ''Net sponsorship'' |
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| − | | align="right" | ''$478,495.96'' |
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| − | | |
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| − | | width="50%" | |
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| − | |- |
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| − | | Registration |
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| − | | align="right" | $43,175.00 |
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| − | | |
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| − | | width="50%" | |
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| − | |- |
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| − | | Accommodations |
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| − | | align="right" | $32,380.00 |
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| − | | |
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| − | | width="50%" | {{note|Less uncollectable account of $114.00.}} |
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| − | |- |
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| − | | Other |
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| − | | align="right" | $371.55 |
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| − | | |
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| − | | width="50%" | |
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| − | |- |
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| − | | colspan="2" | Grants and sponsorships |
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| − | | |
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| − | | align="right" | $22,455.24 |
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| − | | width="50%" | |
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| − | |- |
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| − | | rowspan="2" | |
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| − | | Grants |
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| − | | align="right" | $22,070.00 |
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| − | | |
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| − | | width="50%" | |
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| − | |- |
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| − | | Event sponsorships |
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| − | | align="right" | $371.55 |
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| − | | |
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| − | | width="50%" | {{note|Referring to voluntary contributions made by registrants over EventBrite as well as a contribution from the Washington European Society for our Austrian Embassy event.}} |
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| − | |- |
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| − | | colspan="2" | Membership dues |
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| − | | |
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| − | | align="right" | $205.00 |
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| − | | width="50%" | |
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| − | |- |
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| − | | colspan="2" | Donations |
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| − | | |
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| − | | align="right" | $90.00 |
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| − | | width="50%" | |
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| − | |- |
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| − | | colspan="2" | '''Total revenue''' |
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| − | | |
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| − | | align="right" | '''$577,172.75''' |
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| − | | width="50%" | |
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| − | |- |
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! colspan="6" | Revenues |
! colspan="6" | Revenues |
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|- |
|- |
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! colspan="6" | Net income |
! colspan="6" | Net income |
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|- |
|- |
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| − | | style="width: |
+ | | style="width:8px;" | |
| colspan="2" | '''Net income (loss)''' |
| colspan="2" | '''Net income (loss)''' |
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</div> |
</div> |
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| + | |||
| − | <pre> |
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| − | Revenue |
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| − | Donations $7,490.00 |
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| − | Grants $2,750.00 This does not include the "Outreach 2013" grant of $11,086.05 awarded by the Wikimedia Foundation, which is funded through excess grant funds from last year. |
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| − | Event sponsorships $500.00 |
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| − | Membership dues $590.00 |
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| − | Wikimania 2012 $(14.00) Final Wikimania business, including refunds and receipts from uncollected accounts |
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| − | TOTAL $11,316.00 |
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| − | Expenses |
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| − | Program $12,232.14 |
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| − | Taxes $4,102.68 Corporate income taxes paid to the federal and DC governments from Fiscal Years 2011 and 2012, paid in this fiscal year due to delays and difficulties securing tax-exempt status from the IRS. This is expected to be a one-time expense. |
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| − | Rent $1,320.00 Office at 1629 K Street NW, Washington, DC |
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| − | Admin expenses $615.32 |
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| − | Grants $592.70 Grants which funded programs were instead classified as program expenses. |
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| − | Technical expenses $497.90 |
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| − | Asset depreciation $384.83 20% per year, starting with the close of Fiscal Year 2013 |
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| − | Transaction fees $124.91 |
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| − | TOTAL $19,870.48 |
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| − | |||
| − | |||
| − | Net loss $(8,554.48) |
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| − | |||
| − | |||
==Statement of Retained Earnings== |
==Statement of Retained Earnings== |
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| − | + | <pre> |
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Beginning retained earnings $15,449.10 |
Beginning retained earnings $15,449.10 |
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Net loss $(8,554.48) |
Net loss $(8,554.48) |
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Total retained earnings $6,894.62 |
Total retained earnings $6,894.62 |
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| + | </pre> |
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| − | |||
==Balance Sheet== |
==Balance Sheet== |
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| + | <pre> |
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| − | |||
Current assets |
Current assets |
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Unrestricted cash $2,302.29 Includes our bank account and two prepaid cards |
Unrestricted cash $2,302.29 Includes our bank account and two prepaid cards |
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Total assets: $6,974.61 |
Total assets: $6,974.61 |
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| − | + | ||
Liabilities |
Liabilities |
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Total liabilities and equities: $6,974.61 |
Total liabilities and equities: $6,974.61 |
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| + | </pre> |
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| − | |||
| + | |||
| − | |||
| − | |||
==Statement of Cash Flows== |
==Statement of Cash Flows== |
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| + | <pre> |
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Operating activities |
Operating activities |
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Decrease in accounts payable $(11,877.93) |
Decrease in accounts payable $(11,877.93) |
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Revision as of 16:19, 5 October 2013
As Treasurer of the Wiki Society of Washington, DC, Inc., I, Peter Meyer, submit this draft report to the Audit Committee of the Society.
The Audit Committee is composed of Mr. Kirill Lokshin (chair), Mr. Nicholas Bashour, and Ms. Kathryn Tinker.
This draft is dated Oct 5, 2013.
Income Statement
| Revenues | |||||
|---|---|---|---|---|---|
| Donations | $7,490.00 | ||||
| Grants | $2,750.00 | This does not include the "Outreach 2013" grant of $11,086.05 awarded by the Wikimedia Foundation, which is funded through excess grant funds from last year. | |||
| Event sponsorships | $500.00 | ||||
| Membership dues | $590.00 | ||||
| Wikimania 2012 | $(14.00) | Final Wikimania business, including refunds and receipts from uncollected accounts | |||
| Total revenues | $11,316.00 | ||||
| Expenses | |||||
| Program | $12,232.14 | ||||
| Taxes | $4,102.68 | Corporate income taxes paid to the federal and DC governments from Fiscal Years 2011 and 2012, paid in this fiscal year due to difficulties and delays securing tax-exempt status from the IRS. This expense is not expected to recur. | |||
| Rent | $1,320.00 | Office at 1629 K Street NW, Washington, DC | |||
| Administrative expense | $615.32 | ||||
| Grants | $592.70 | Grants which funded programs were instead classified as program expenses. | |||
| Technical expenses | $497.90 | ||||
| Asset depreciation | $384.83 | 20% of original value per year | |||
| Transaction fees | $124.91 | To Wells Fargo, Paypal, and others | |||
| Total expenses | $19,870.48 | ||||
| Net income | |||||
| Net income (loss) | ($8,554.48) | ||||
Statement of Retained Earnings
Beginning retained earnings $15,449.10 Net loss $(8,554.48) Total retained earnings $6,894.62
Balance Sheet
Current assets Unrestricted cash $2,302.29 Includes our bank account and two prepaid cards Temporarily restricted cash $3,133.21 From WMF Bootstrapping Grant and Outreach 2013 grant. Non-current assets Fixed assets $1,923.94 Accumulated depreciation $(384.83) Net fixed assets $1,539.11 Total assets: $6,974.61 Liabilities Total $- Equities Retained earnings $6,894.62 Donated capital $79.99 Total liabilities and equities: $6,974.61
Statement of Cash Flows
Operating activities Decrease in accounts payable $(11,877.93) Decrease from operations $(2,811.54) Decrease in prepaid expenses $(81.45) Total $(14,770.92) Investing activities Total $- Financing activities Total $- Net cash loss $(14,770.92)