|
 |
STATEMENT OF CONDITION AS OF DECEMBER
31, 2006
MOVEMENT OF CASH
| CASH IN |
|
|
| Bank Balance
as of December 31, 2006 |
$72,138 |
|
| Investment in Smith Barney account
as of 12/31/05 |
$606,752 |
(5) |
| Donations Received |
$749,798 |
(1) |
| List Rental and Royalty Income |
$6,500 |
|
| Appreciation in Smith Barney/Schwab
account (Net) |
$44,963 |
|
| TOTAL: |
$1,480,151 |
|
| CASH OUT |
|
|
| Ads in Media |
$484,817 |
|
| Direct Mail – Acquisitional |
$52,023 |
|
| Direct Mail – Educational |
$78,033 |
|
| List Maintenance |
$9,938 |
|
| Website Maintenance |
$14,300 |
(2) |
| Typing, Printing and
Reproduction |
$5,464 |
|
| Legal |
$898
|
|
| Accounting |
$1,631 |
|
| Office Expenses |
$17,793 |
(3) |
| Management, Advertising and Professional
Services |
N/C |
(4) |
| Investment in Smith Barney
account as of 12/31/06 |
$804,527 |
(5) |
| Cash in Bank as of December
31, 2006 |
$10,727 |
|
| TOTAL: |
$1,480,151 |
|
BALANCE SHEET
| ASSETS |
|
|
| Cash in
Bank, as of December 31, 2006 |
$10,727 |
|
| Investment in Smith Barney/Schwab
account as of 12/31/06 |
$804,527 |
(5) |
| Computer Software |
$1,543 |
|
| TOTAL ASSETS: |
$816,797 |
|
| NET WORTH |
|
|
| TOTAL NET WORTH: |
$816,797 |
|
(1) Additional donations deferred and to be reported in
future periods.
(2) Contribution to office expense of Infocom Group (James
Sinkinson, President).
(3) Includes monthly contribution to office expenses to
Jomira/Advance (Gerardo Joffe, President).
(4) Contributed by Gerardo Joffe and James Sinkinson. FLAME
has paid no executive or managerial salaries since its inception.
(5) Additional investment in this account deferred and to
be reported in future periods.
|
|
