Annual financial report (2012–2013)

Report from the Audit Committee

Forthcoming

Income Statement

Revenue
	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

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

Statement of Cash Flows

Operating activities
	Decrease in accounts payable	($11,877.93)
	Decrease from operations	($2,811.54)
	Decrease in pre-paid expenses	($81.45)
	Total operating activities	($14,770.92)
Investing activities
	Total investing activities	$0.00
Financing activities
	Total financing activities	$0.00
Net cash flow
	Net decrease in cash	($14,770.92)

previous Annual Financial Report, for Fiscal 2012