2014 Financial StatementSteve Caramia2017-05-26T14:51:46-07:00
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.
