Difference between revisions of "Annual financial report (2012–2013)"
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+ | ==Report from the Audit Committee== |
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+ | ''Forthcoming'' |
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− | As Treasurer of the Wiki Society of Washington, DC, Inc., I, Peter Meyer, submit this draft report to the [[Committees#Audit Committee|Audit Committee]] of the Society. |
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− | The Audit Committee is composed of Mr. Kirill Lokshin (chair), Mr. Nicholas Bashour, and Ms. Kathryn Tinker. |
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− | This draft is dated Oct 5, 2013. |
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==Income Statement== |
==Income Statement== |
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| Wikimania 2012 |
| Wikimania 2012 |
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+ | | align="right" | ($14.00) |
| width="60%" | {{note|Final Wikimania business, including refunds and receipts from uncollected accounts.}} |
| width="60%" | {{note|Final Wikimania business, including refunds and receipts from uncollected accounts.}} |
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| align="right" | $15,449.10 |
| align="right" | $15,449.10 |
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− | + | | Net loss |
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| align="right" | ($8,554.48) |
| align="right" | ($8,554.48) |
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| align="right" | '''$6,894.62''' |
| align="right" | '''$6,894.62''' |
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==Balance Sheet== |
==Balance Sheet== |
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Revision as of 01:11, 9 October 2013
Report from the Audit Committee
Forthcoming
Income Statement
Revenue | |||
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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 revenue | $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 expenses | $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 | |||||||||||||
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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 | $0.00 | ||||||||||||
Equities | |||||||||||||
Retained earnings | $6,894.62 | ||||||||||||
Donated capital | $79.99 | ||||||||||||
Total liabilities and equities | $6,974.61 |
Statement of Cash Flows
Operating activities | |||||||||||||
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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) |