Annual financial report (2012–2013)

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)

previous Annual Financial Report, for Fiscal 2012