FLAME
X
Put text, tables or any other HTML contents here, as you would put in any other HTML page. ..... and more.
2014 Financial Statement 2017-05-26T14:51:46+00:00

2014 Financial Statement

Movement of Cash

CASH IN
Bank Balance as of 12-31-13 $87,846
Investment in Schwab Account as of 12-31-13 690,399
Donations Received 598,960
Income from Schwab Account (62,183)
TOTAL $1,315,022
CASH OUT
Media Advertising $430,135
Direct Mail – Acquisition 45,631
Direct Mail – Educational 68,446
Web Site Maintenance 30,240 (1)
Typing, Printing and Reproduction 10,770
Accounting 3,857
Office Expenses 58,373 (2)
Management, Advertising, and Professional Services N/C (3)
Schwab Account as of 12-31-14 628,216
Cash in Bank as of 12-31-14 39,354
TOTAL $1,315,022

Balance Sheet

ASSETS
Cash in Bank as of 12-31-13 39,354
Investment in Schwab Account as of 12-31-13 628,216
Computer Software 1,543
TOTAL ASSETS $669,113
LIABILITIES
Accounts Payable $20,000
TOTAL LIABILITIES $20,000
NET WORTH
NET WORTH $649,113
LIABILITIES AND NET WORTH $669,113

(1) Includes contribution to Office Expense of Infocom Group (James Sinkinson, President).
(2) Includes contribution to Office Expense and Advertising Commissions to Jomira/Advance (Gerardo Joffe, President).
(3) Contributed by Gerardo Joffe and James Sinkinson. FLAME has paid no executive or managerial salaries since its inception.