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STATEMENT OF CONDITION AS OF DECEMBER
31, 2010
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MOVEMENT OF CASH
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CASH IN |
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Bank Balance
as of 12-31-09 |
$(7,963) |
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Investment in Schwab account as
of 12-31-09 |
$1,062,959 |
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Donations Received |
$861,735 |
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List Rental and Royalty Income |
$1,600 |
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Income from Schwab account |
$37,779 |
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TOTAL: |
$1,956,110 |
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CASH OUT |
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Ads in Media |
$754,367 |
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Direct Mail – Acquisitional |
$52,390 |
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Direct Mail – Educational |
$78,586 |
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Website Maintenance |
$7,731
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(1) |
Typing, Printing and
Reproduction |
$9,228 |
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Accounting |
$2,174 |
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Office Expenses |
$56,442 |
(2) |
Management, Advertising and Professional
Services |
N/C |
(3) |
Schwab account as of
12-31-10 |
$972,016 |
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Cash in Bank as of 12-31-10 |
$23,176 |
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TOTAL: |
$1,956,110 |
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BALANCE SHEET
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ASSETS |
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Cash in
Bank, as of 12-31-10 |
$23,176 |
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Investment in Schwab account as
of 12-31-10 |
$972,016 |
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Computer Software |
$1,543 |
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TOTAL ASSETS: |
$1,056,539 |
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LIABILITIES |
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Accounts Payable |
$10,000 |
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TOTAL LIABILITIES: |
$(10,000) |
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NET WORTH |
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TOTAL NET WORTH: |
$986,735 |
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(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.
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