Draft Annual Financial Report for Fiscal Year 2012–13

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

Revenue
	Donations		$7,490.00		note note note.
		Wikimania 2012			$554,422.51
			Gross sponsorship	$505,970.00
			Refund	($27,474.04)		Refunds were paid to the Wikimedia Foundation due to invoice errors and due to an excess of funds at the end of the conference.
			Net sponsorship	$478,495.96
			Registration	$43,175.00
Accommodations			$32,380.00		Less uncollectable account of $114.00.
Other			$371.55
Grants and sponsorships			$22,455.24
	Grants	$22,070.00
	Event sponsorships	$371.55		Referring to voluntary contributions made by registrants over EventBrite as well as a contribution from the Washington European Society for our Austrian Embassy event.
Membership dues			$205.00
Donations			$90.00
Total revenue			$577,172.75
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			$10,318.88

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	 $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 delays and difficulties securing tax-exempt status from the IRS. This is expected to be a one-time expense.
	Rent	 $1,320.00 	Office at 1629 K Street NW, Washington, DC
	Admin 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% per year, starting with the close of Fiscal Year 2013
	Transaction fees	 $124.91 	
	TOTAL	 $19,870.48 	
			
			
Net 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