Profit & Loss Statement 1st Quarter 2009
Jan - Mar 09
Ordinary Income/Expense | ||||
Income | ||||
GNT Revenue | $585.00 | |||
Interest | $0.42 | |||
NAOP Revenue | $1,000.00 | |||
PV Regional Revenues | $40,090.00 | |||
Regional Tournament Fees | $4,530.15 | |||
Scorecard Revenues | $5,483.00 | |||
Total Income | $51,688.57 | |||
Expense | ||||
Awards | $604.50 | |||
Miscellaneous | $20.00 | |||
NAOP Expenses | $246.00 | |||
Postage and Delivery | $12.53 | |||
PV Regional Expenses | $33,631.36 | |||
Scorecard Expenses | ||||
Postage | $1,793.79 | |||
Printing | $1,893.47 | |||
Salary | $2,787.10 | |||
Total Scorecard Expenses | $6,474.36 | |||
STAC Expenses | $9,940.79 | |||
Web Hosting | $96.90 | |||
Total Expense | $41,073.12 | |||
Net Ordinary Income | $10,615.45 | |||
Net Income | $10,615.45 |
Balance Sheet 1st Quarter 2009
As of March 31, 2009
ASSETS | |||||
Checking/Savings | |||||
JP Morgan Chase | $3,071.04 | ||||
Money Market | $22,073.00 | ||||
Scorecard Bank Account | $13,274.24 | ||||
Total Checking/Savings | $38,418.28 | ||||
Other Current Assets | |||||
Accounts Receivable - General | $1,698.64 | ||||
Accounts Receivable - Scorecard | $1,072.10 | ||||
Pre-paid Web Hosting | $110.70 | ||||
PV hotel deposit | $1,000.00 | ||||
Total Other Current Assets | $3,881.44 | ||||
Total Current Assets | $42,299.72 | ||||
TOTAL ASSETS | $42,299.72 | ||||
LIABILITIES & EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Other Current Liabilities | |||||
Accounts Payable - Scorecard | $7,420.26 | ||||
Total Other Current Liabilities | $7,420.26 | ||||
Total Current Liabilities | $7,420.26 | ||||
Total Liabilities | $7,420.26 | ||||
Equity | |||||
Opening Bal Equity | $14,892.77 | ||||
Retained Earnings | $9,371.24 | ||||
Net Income | $10,615.45 | ||||
Total Equity | $34,879.46 | ||||
TOTAL LIABILITIES & EQUITY | $42,299.72 |