Profit & Loss Statement 3rd Quarter 2009
Jan - Sep 2009
Ordinary Income/Expense | ||||
Income | ||||
GNT Revenue | $2,956.77 | |||
Interest | $1.25 | |||
NAOP Revenue | $1,000.00 | |||
PV Regional Revenues | $39,091.36 | |||
Regional Tournament Fees | $6,273.85 | |||
Scorecard Revenues | $23,494.90 | |||
STAC Receipts | $11,521.50 | |||
Total Income | $84,339.63 | |||
Expense | ||||
Awards | $738.50 | |||
Bank Service Charges | $21.50 | |||
GNT Subsidy | $4,000.00 | |||
Miscellaneous | $20.00 | |||
NAOP Expenses | $246.00 | |||
PV Regional Expenses | $34,591.36 | |||
Scorecard Expenses | ||||
Postage | $7,630.66 | |||
Printing | $7,797.77 | |||
Salary | $11,103.95 | |||
Total Scorecard Expenses | $26,532.38 | |||
STAC Expenses | $9,869.40 | |||
Web Hosting | $190.80 | |||
Total Expense | $76,209.94 | |||
Net Ordinary Income | $8,129.69 | |||
Net Income | $8,129.69 |
Balance Sheet 3rd Quarter 2009
Accrual Basis as of September 1, 2009
ASSETS | |||||
Checking/Savings | |||||
1.25% CD mat 1/13/10 | $5,000.00 | ||||
1.75% CD mat 7/13/10 | $5,000.00 | ||||
JP Morgan Chase | $158.70 | ||||
Money Market | $8,573.83 | ||||
Scorecard Bank Account | $11,791.65 | ||||
Total Checking/Savings | $30,524.18 | ||||
Other Current Assets | |||||
Accounts Receivable - Scorecard | $6,857.00 | ||||
Pre-paid Web Hosting | $204.61 | ||||
PV hotel deposit | $1,000.00 | ||||
Total Other Current Assets | $8,061.61 | ||||
Total Current Assets | $38,585.79 | ||||
TOTAL ASSETS | $38,585.79 | ||||
LIABILITIES & EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Other Current Liabilities | |||||
Accounts Payable - Scorecard | $5,420.09 | ||||
NABC Surcharge | $772.00 | ||||
Total Other Current Liabilities | $6,192.09 | ||||
Total Current Liabilities | $6,192.09 | ||||
Total Liabilities | $6,192.09 | ||||
Equity | |||||
Opening Bal Equity | $14,892.77 | ||||
Retained Earnings | $9,371.24 | ||||
Net Income | $8,129.69 | ||||
Total Equity | $32,393.70 | ||||
TOTAL LIABILITIES & EQUITY | $38,585.79 |