Profit & Loss Statement
Jan 1, 2008 – Dec 31, 2008
Ordinary Income/Expense | ||||
Income | ||||
GNT Revenue | $3,698.00 | |||
Interest | $50.33 | |||
NAOP Revenue | $1,000.00 | |||
PV Regional Revenues | $36,584.00 | |||
Regional Tournament Fees | $7,697.80 | |||
Scorecard Revenues | $32,723.40 | |||
STAC Receipts | $11,960.00 | |||
Total Income | $93,713.53 | |||
Expense | ||||
ACBL Labels | $20.00 | |||
Awards | $854.33 | |||
Bank Service Charges | $10.00 | |||
GNT Subsidy | $3,000.00 | |||
Good Will | $1,020.00 | |||
NAOP Expenses | $262.48 | |||
Postage and Delivery | $12.53 | |||
PV Regional Expenses | $32,008.43 | |||
Scorecard Expenses | ||||
Other | $165.88 | |||
Postage | $10,852.23 | |||
Printing | $10,630.71 | |||
Salary | $17,038.85 | |||
Total Scorecard Expenses | $38,687.67 | |||
STAC Expenses | $9,940.79 | |||
Web Hosting | $367.50 | |||
Total Expense | $87,189.73 | |||
Net Ordinary Income | $6,523.80 | |||
Net Income | $6,523.80 |
Balance Sheet
As of Dec 31, 2008
ASSETS | |||||
Checking/Savings | |||||
JP Morgan Chase | $6,116.34 | ||||
Money Market | $9,072.58 | ||||
Scorecard Bank Account | $8,900.26 | ||||
Total Checking/Savings | $24,089.18 | ||||
Other Current Assets | |||||
Accounts Receivable - Scorecard | $3,492.70 | ||||
Pre-paid Web Hosting | $157.65 | ||||
PV hotel deposit | $1,000.00 | ||||
Total Other Current Assets | $4,650.35 | ||||
Total Current Assets | $28,739.53 | ||||
TOTAL ASSETS | $28,739.53 | ||||
LIABILITIES & EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Other Current Liabilities | |||||
Accounts Payable - Scorecard | $4,475.52 | ||||
Total Other Current Liabilities | $4,475.52 | ||||
Total Current Liabilities | $4,475.52 | ||||
Total Liabilities | $4,475.52 | ||||
Equity | |||||
Opening Bal Equity | $14,892.77 | ||||
Retained Earnings | $2,847.44 | ||||
Net Income | $6,523.80 | ||||
Total Equity | $24,264.01 | ||||
TOTAL LIABILITIES & EQUITY | $28,739.53 |