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