|
 |
STATEMENT OF CONDITION AS OF DECEMBER
31, 1999
MOVEMENT OF CASH
| CASH IN |
|
|
| Balance as of December 31, 1998 |
$6,675 |
|
| Donations Received |
$305,002 |
|
| Interest Income |
$1,101 |
|
| List Rental Income/Royalty |
$31,026 |
|
| TOTAL: |
$343,804 |
|
| CASH OUT |
|
|
| Repayment
of 1998 Loans from Jomira/Advance |
$41,040 |
|
| Ads in Media |
$190,060 |
|
| Direct Mail -- Acquisitional |
$26,453 |
|
| Direct Mail -- Educational |
$17,635 |
|
| Typing, Printing, Reproduction |
$5,712 |
|
| Accounting |
$818 |
|
| Office Expenses (Rent and Secretarial) |
$27,954 |
|
| Other Office Expenses (Phone, Postage,
etc.) |
$1,168 |
|
Other Expenses
(Educational Tapes, Donations, & Misc.) |
$938 |
|
| Data Processing |
$1,750 |
|
| Tax Preparation |
N/C (1) |
|
| Management, Advertising
& Professional Services |
N/C (2) |
|
| Legal Services |
N/C (3) |
|
| Cash in Bank as of December 31,
1999 |
$17,635 |
|
| TOTAL: |
$343,804 |
|
BALANCE SHEET
| ASSETS |
|
|
| Cash in
Bank |
$30,276 |
|
| Computer Software |
$1,543 |
|
| TOTAL ASSETS: |
$31,819 |
|
| LIABILITIES AND NET WORTH |
|
|
| Repayment
of 1998 Loans from Jomira/Advance |
$31,819 |
|
| TOTAL LIABILITIES
AND NET WORTH: |
$31,819 |
|
(1) These services in the estimated amount of $900 supplied
without charge by Samuel H. Gluck, CPA.
(2) These services in the estimated amount of $52,580 supplied
without charge by Jomira/Advance, Gerardo Joffe, President.
(3) These services in the estimated amount of $1,900, supplied
without charge by Wilbur Duberstein, Esq.
NOTE: FLAME has paid no executive and managerial
salaries since its inception and operates with minimum overhead expenses.
|
|
