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STATEMENT OF CONDITION AS OF DECEMBER
31, 2009
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MOVEMENT OF CASH
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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 |
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TOTAL: |
$1,865,782 |
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CASH OUT |
|
|
Ads in Media |
$615,087 |
|
Direct Mail – Acquisitional |
$44,340 |
|
Direct Mail – Educational |
$66,510 |
|
Website Maintenance |
$20,658
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(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 |
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TOTAL: |
$1,865,782 |
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BALANCE SHEET
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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 |
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TOTAL ASSETS: |
$1,056,539 |
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NET WORTH |
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TOTAL NET WORTH: |
$1,056,539 |
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(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.
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