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