Difference between revisions of "Annual financial report (2012–2013)"

Revision as of 20:39, 5 October 2013

Beginning retained earnings

$15,449.10

($8,554.48)

Total retained earnings

$6,894.62

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.

Expenses
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
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)

	Non-current assets
	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
Fixed assets		$1,923.94
Accumulated depreciation		($384.83)
Net fixed assets		$1,539.11
	Total assets		$6,974.61
Liabilities		$0.00
Equities
Retained earnings		$6,894.62
Donated capital		$79.99
	Total liabilities and equities		$6,974.61

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		$0.00
Financing activities		$0.00
	Net cash loss		($14,770.92)

@@ Line 164: / Line 164: @@
 == Statement of Cash Flows ==
+<div class="rowlines-wrapper">
-<pre>
+{| class="rowlines"
-Operating activities
+| rowspan="19" style="width:10px;" |
-	Decrease in accounts payable	 $(11,877.93)
+! colspan="13" | Operating activities
-	Decrease from operations	 $(2,811.54)
+|-
-	Decrease in prepaid expenses	 $(81.45)
+| colspan="2" | Decrease in accounts payable
-	Total	 $(14,770.92)
+| align="right" | ($11,877.93)
-Investing activities
+| width="50%" | &nbsp;
-	Total	 $-
+|-
-Financing activities
+| colspan="2" | Decrease from operations
-	Total	 $-
+| align="right" | ($2,811.54)
+| width="50%" | &nbsp;
+|-
+| colspan="2" | Decrease in prepaid expenses
+| align="right" | ($81.45)
+| width="50%" | &nbsp;
+|-
+| style="width:8px;" |
+| colspan="3" | '''Total'''
+| align="right" | '''($14,770.92)'''
+| width="50%" | &nbsp;
+|-
+| colspan="2" | Investing activities
+| align="right" | $0.00
+| width="50%" | &nbsp;
+|-
+| colspan="2" | Financing activities
+| align="right" | $0.00
+| width="50%" | &nbsp;
+|-
+| style="width:8px;" |
+| colspan="3" | '''Net cash loss'''
+| align="right" | '''($14,770.92)'''
+| width="50%" | &nbsp;
+|}
+</div>
-Net cash loss		 $(14,770.92)
-</pre>
 [[Annual_financial_report_(2011–2012)|previous Annual Financial Report, for Fiscal 2012]]