|
Massachusetts Chess Association |
||||||
|
General Fund Income Statement |
||||||
|
November, 2002 |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
This Period |
Year to Date |
Year to Date |
|
|
|
|
|
|
This Year |
Last Year |
|
Income: |
|
|
|
|
|
|
|
|
Memberships and subscriptions |
$650.95 |
$3,054.55 |
$2,148.00 |
||
|
|
Chess Horizons ad revenue |
$242.92 |
$754.59 |
$1,928.34 |
||
|
|
Chess Horizons sales |
$8.00 |
$149.30 |
$154.20 |
||
|
|
Adult tournaments |
|
$0.00 |
$2,233.00 |
$2,578.50 |
|
|
|
Scholastic tournaments |
$1,643.00 |
$3,056.00 |
$2,727.00 |
||
|
|
Donations |
|
$0.00 |
$200.00 |
$0.00 |
|
|
|
Sale of donated books |
$0.00 |
$0.00 |
$49.90 |
||
|
|
Interest |
|
|
$5.12 |
$69.46 |
$69.99 |
|
|
Dividends |
|
|
$255.68 |
$736.14 |
$475.88 |
|
|
U.S. Open income |
|
$0.00 |
$0.00 |
$2,922.00 |
|
|
|
Miscellaneous income |
$9.66 |
$60.91 |
$30.34 |
||
|
|
|
|
|
|
|
|
|
|
Total income |
|
$2,815.33 |
$10,313.95 |
$13,084.15 |
|
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
|
|
Chess Horizons |
|
$1,200.60 |
$5,876.28 |
$6,529.24 |
|
|
|
Adult tournaments |
|
$248.58 |
$1,844.64 |
$1,678.19 |
|
|
|
Scholastic tournaments |
$1,513.59 |
$2,976.69 |
$1,188.53 |
||
|
|
Player travel (Denker tournament) |
$0.00 |
$300.00 |
$0.00 |
||
|
|
Internet |
|
|
$57.85 |
$57.85 |
$0.00 |
|
|
Insurance |
|
|
$753.00 |
$1,004.00 |
$0.00 |
|
|
Administrative expenses |
$38.61 |
$127.11 |
$266.39 |
||
|
|
Bad debts |
|
$0.00 |
$250.00 |
$0.00 |
|
|
|
Miscellaneous expenses |
$150.00 |
$215.00 |
$165.00 |
||
|
|
|
|
|
|
|
|
|
|
Total expenses |
|
$3,962.23 |
$12,651.57 |
$9,827.35 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
($1,146.90) |
($2,337.62) |
$3,256.80 |
|
.
|
Massachusetts Chess Association |
||||||
|
Special Funds Income Statement |
||||||
|
November, 2002 |
||||||
|
|
|
|
|
|
|
|
|
Income: |
|
|
|
|
|
|
|
|
Life Membership Fund |
|
|
$100.00 |
||
|
|
|
Life memberships |
|
$100.00 |
|
|
|
|
Future Year Membership Fund |
|
|
$24.00 |
||
|
|
|
FY04 |
|
|
$24.00 |
|
|
|
Living Memorial Chess Fund |
|
|
$757.32 |
||
|
|
|
Interest |
|
|
$1.65 |
|
|
|
|
Dividends |
|
|
$44.77 |
|
|
|
|
Realized capital gains |
$508.90 |
|
||
|
|
|
Donations |
|
$202.00 |
|
|
|
|
Comeau Fund, Interest |
|
|
$0.74 |
||
|
|
Hurvitz Fund, Interest |
|
|
|
$2.98 |
|
|
|
|
Interest |
|
|
$2.98 |
|
|
|
Prison Chess Fund |
|
|
|
$0.07 |
|
|
|
|
Interest |
|
|
$0.07 |
|
|
|
|
|
|
|
|
|
|
|
Total income |
|
|
|
$885.11 |
|
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
|
|
FY03, Transfer to General Fund |
|
|
$19.75 |
||
|
|
Living Memorial Chess Fund |
|
|
$238.10 |
||
|
|
|
Chess equipment |
|
$238.10 |
|
|
|
|
Prison Chess Fund |
|
|
|
$3.85 |
|
|
|
|
Program expenses |
|
$3.85 |
|
|
|
|
Capital Equipment Fund, Depreciation expense |
$14.54 |
||||
|
|
|
|
|
|
|
|
|
|
Total expenses |
|
|
|
$276.24 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
|
|
$608.87 |
|
|
|
Life Membership Fund |
|
$100.00 |
|
||
|
|
Future Year Membership Fund |
|
$4.25 |
|
||
|
|
Living Memorial Chess Fund |
|
$519.22 |
|
||
|
|
Comeau Fund |
|
|
$0.74 |
|
|
|
|
Hurvitz Fund, Interest |
|
|
$2.98 |
|
|
|
|
Prison Chess Fund |
|
|
($3.78) |
|
|
|
|
Capital Equipment Fund |
|
($14.54) |
|
||
.
|
Massachusetts Chess Association |
|||||
|
Statement of Changes in Fund Balances |
|||||
|
November, 2002 |
|||||
|
|
|
|
|
|
|
|
|
|
Fund balance |
Plus: |
Plus: |
Fund balance |
|
|
|
11-1-2002 |
Net Income |
Unrealized gain |
11-30-2002 |
|
|
|
|
|
|
|
|
General Fund |
$8,208.17 |
($1,146.90) |
|
$7,061.27 |
|
|
Life Membership Fund |
$27,020.44 |
$100.00 |
$871.31 |
$27,991.75 |
|
|
Future Year memberships: |
|
|
|
||
|
|
FY03 |
$158.00 |
($19.75) |
|
$138.25 |
|
|
FY04 |
$98.00 |
$24.00 |
|
$122.00 |
|
|
FY05 |
$48.00 |
$0.00 |
|
$48.00 |
|
Living Memorial Chess Fund |
$12,563.72 |
$519.22 |
($24.15) |
$13,058.79 |
|
|
Comeau Fund |
$846.94 |
$0.74 |
|
$847.68 |
|
|
Hurvitz Fund, Principal |
$3,625.00 |
$0.00 |
$0.00 |
$3,625.00 |
|
|
Hurvitz Fund, Interest |
$1,322.87 |
$2.98 |
|
$1,325.85 |
|
|
Prison Chess Fund |
$81.70 |
($3.78) |
|
$77.92 |
|
|
Capital Equipment Fund |
$658.30 |
($14.54) |
|
$643.76 |
|
|
|
|
|
|
|
|
|
Total fund balances |
$54,631.14 |
($538.03) |
$847.16 |
$54,940.27 |
|
.
|
Massachusetts Chess Association |
||||||
|
Balance Sheet |
||||||
|
As of November 30th 2002 |
||||||
|
|
|
|
|
|
|
|
|
ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash in savings, Citizens Bank, N.H. |
|
$11,319.43 |
|||
|
|
|
General Fund |
|
$4,358.43 |
|
|
|
|
|
Life Membership Fund |
$674.05 |
|
||
|
|
|
Future Year Membership Fund |
$308.25 |
|
||
|
|
|
Living Memorial Chess Fund |
$1,751.05 |
|
||
|
|
|
Comeau Fund |
|
$847.68 |
|
|
|
|
|
Hurvitz Fund, Principal |
$2,125.00 |
|
||
|
|
|
Hurvitz Fund, Interest |
|
$1,177.05 |
|
|
|
|
|
Prison Chess Fund |
|
$77.92 |
|
|
|
|
Cash in checking, Citizens Bank, N.H. (General Fund) |
$73.28 |
||||
|
|
Cash at Berthel Fisher |
|
|
$1,173.85 |
||
|
|
|
General Fund |
|
$431.44 |
|
|
|
|
|
Hurvitz Fund, Interest |
|
$148.80 |
|
|
|
|
|
Life Membership Fund |
$383.41 |
|
||
|
|
|
Living Memorial Chess Fund |
$210.20 |
|
||
|
|
Long term investments |
|
|
$42,152.43 |
||
|
|
|
Life Membership Fund |
$28,809.66 |
|
||
|
|
|
Living Memorial Chess Fund |
$11,842.77 |
|
||
|
|
|
Hurvitz Fund, Principal |
$1,500.00 |
|
||
|
|
Decline to market on long term investments |
|
($2,620.60) |
|||
|
|
|
Life Membership Fund |
($1,875.37) |
|
||
|
|
|
Living Memorial Chess Fund |
($745.23) |
|
||
|
|
Advertising revenue receivable |
|
|
$1,232.75 |
||
|
|
Other accounts receivable |
|
|
$209.71 |
||
|
|
Prepaid expenses |
|
|
|
$1,269.57 |
|
|
|
Capital equipment less depreciation |
|
$643.76 |
|||
|
|
|
Computer equipment |
|
$700.00 |
|
|
|
|
|
Computer software |
|
$103.95 |
|
|
|
|
|
Accumulated depreciation |
($160.19) |
|
||
|
|
|
|
|
|
|
|
|
Total assets: |
|
|
|
|
$55,454.18 |
|
|
Massachusetts Chess Association |
||||||
|
Balance Sheet |
||||||
|
As of September 30th 2002 |
||||||
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
|
|
$7.50 |
|
|
|
Unearned income |
|
|
|
$506.41 |
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
|
$513.91 |
|
|
|
|
|
|
|
|
|
|
FUND BALANCES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General Fund |
|
|
|
$7,061.27 |
|
|
|
Life Membership Fund |
|
|
$27,991.75 |
||
|
|
Future Year Membership Fund |
|
|
$308.25 |
||
|
|
|
FY03 |
|
|
$138.25 |
|
|
|
|
FY04 |
|
|
$122.00 |
|
|
|
|
FY05 |
|
|
$48.00 |
|
|
|
Living Memorial Chess Fund |
|
|
$13,058.79 |
||
|
|
Comeau Fund |
|
|
|
$847.68 |
|
|
|
Hurvitz Fund, Principal |
|
|
$3,625.00 |
||
|
|
Hurvitz Fund, Interest |
|
|
|
$1,325.85 |
|
|
|
Prison Chess Fund |
|
|
|
$77.92 |
|
|
|
Capital Equipment Fund |
|
|
$643.76 |
||
|
|
|
|
|
|
|
|
|
|
Total fund balances |
|
|
$54,940.27 |
||
|
|
|
|
|
|
|
|
|
Total liabilities and fund balances |
|
|
$55,454.18 |
|||