One of the duties of the Treasurer is to publish our financial information to the membership annually. The information used for this report is taken directly from the SCA's tax report (the 990) that is filed with the Internal Revenue Service.
The reason you are seeing 1999 information published in 2001 because of the scheduling of this report. It takes almost an entire year to collect, balance and correct all the information from all our reporting entities. This is every local shire, barony and guild that holds money in the name of the SCA as well as the Kingdoms and Principalities, the newsletters and the Corporate Office. This information is given to our accountant, who then produces the report for the Internal Revenue Service. This report is filed late in the year following the one which is being reported on.
As you can see, our organization continues to prosper financially. Much of the money that comes in is paid in as event fees, and most of that money goes right out as event expenses. Most of the rest of our income is membership and subscription fees, and that money is used to publish the newsletters and Tournaments Illuminated, purchase insurance, and support the Society structure. Our Kingdoms and other branches are all fiscally healthy and have enough funds on hand to carry out their activities.
Any questions you have about this report can be addressed to me at firstname.lastname@example.org – I'll do my best to answer if I can.
1999 Financial Statement
The following statement is a summary of the SCA's 1999 Form 990, Parts I and IV, as filed with the Internal Revenue Service in November 2000.
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Contributions, gifts, grants, and similar amounts received: (Direct public support)
Program Service Revenue (Event related income)
Membership Dues and assessments
Interest on savings and temporary cash investments
Grosss income from sale of assets other than inventory
Net income or (loss) from special events
Gross sales of inventory, less return and allowances
Less: Cost of goods sold
Gross profit or (loss) from sales of inventory
Program services (event related expenses)
Management and general
Beginning of year
End of year
Cash non-interest bearing
Savings and temporary cash investments
Inventories for sale or use
Land, buildings, and equipment: basis
Less: accumulated depreciation
Accounts Payable and accrued expenses
Paid-in or capital surplus, or land building, and equipment fund
Retained earnings, endowment, accumulated income or other funds