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

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{{color bar header|title=Draft Annual Financial Report for Fiscal Year 2012–13|toc=yes|status=draft}}
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==Report from the Audit Committee==
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{{color bar header|title=Draft Annual Financial Report for Fiscal Year 2012–13|toc=yes}}
  
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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.
  
   
 
==Income Statement==
  
==Income Statement==
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| Wikimania 2012
  
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| align="right" | $(14.00)
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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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| Beginning retained earnings
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| colspan="3" | Beginning retained earnings
  
 
| align="right" | $15,449.10
  
| align="right" | $15,449.10
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| width="50%" | &nbsp;
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| width="60%" | &nbsp;
 
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| colspan="3" | Net loss
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| Net loss
 
| align="right" | ($8,554.48)
  
| align="right" | ($8,554.48)
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| '''Total retained earnings'''
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| colspan="3" | '''Total retained earnings'''
  
 
| 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
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
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
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)  


previous Annual Financial Report, for Fiscal 2012

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