|
 |
STATEMENT OF CONDITION AS OF DECEMBER
31, 2009
MOVEMENT OF CASH
| CASH IN |
|
|
| Bank Balance
as of 12-31-08 |
$46,343 |
|
| Investment in Schwab account as
of 12-31-08 |
$1,048,938 |
|
| Donations Received |
$756,480 |
|
| List Rental and Royalty Income |
$1,600 |
|
| Income from Schwab account |
$12,421 |
|
| TOTAL: |
$1,865,782 |
|
| CASH OUT |
|
|
| Ads in Media |
$615,087 |
|
| Direct Mail – Acquisitional |
$44,340 |
|
| Direct Mail – Educational |
$66,510 |
|
| Website Maintenance |
$20,658
|
(1) |
| Typing, Printing and
Reproduction |
$8,198 |
|
| Accounting |
$2,250 |
|
| Office Expenses |
$53,743 |
(2) |
| Management, Advertising and Professional
Services |
N/C |
(3) |
| Schwab account as of
12-31-09 |
$1,062,959 |
|
| Cash in Bank as of 12-31-09 |
$7,963 |
|
| TOTAL: |
$1,865,782 |
|
BALANCE SHEET
| ASSETS |
|
|
| Cash in
Bank, as of 12-31-09 |
$7,963 |
|
| Investment in Schwab account as
of 12-31-09 |
$1,062,959 |
|
| Computer Software |
$1,543 |
|
| TOTAL ASSETS: |
$1,056,539 |
|
| NET WORTH |
|
|
| TOTAL NET WORTH: |
$1,056,539 |
|
(1) Contribution to office expense of Infocom Group (James
Sinkinson, President).
(2) Includes monthly contribution to office expenses 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.
|
|
