Corporate Treasurer

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2000 Financial Statement

Greeting to All!

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 2000 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 treasurer@sca.org - I'll do my best to answer if I can.

The following statement is a summary of the SCA's 2000 Form 990, Parts I and IV, as filed with the Internal Revenue Service in 2001.


Revenue, Expenses, and Changes in Net Assets or Fund Balances
Contributions, gifts, grants, and similar amounts received: (Direct public support)
 
 
$220,993
Program Service Revenue (Event related income)
 
 
$2,617,454
Membership Dues and assessments
 
 
$754,058
Interest on savings and temporary cash investments
 
 
$46,762
Grosss income from sale of assets other than inventory
 
 
$7,988
Net income or (loss) from special events
 
 
$43,543
Gross sales of inventory, less return and allowances
 
$79,649
 
   Less: Cost of goods sold
 
 $ (25,470)
 
Gross profit or (loss) from sales of inventory
 
 
$54,179
Other revenue
 
 
$59,608
     Total Revenue
 
 
$3,804,585
 
Program services (event related expenses)
 
 
$2,509,594
Management and general
 
 
$864,195
Fundraising
 
 
$69,809
   Total Expenses
 
 
$3,443,598
 
Net Income
 
 
$360,987
 
Balance Sheets
 
 
 
 
 
 Beginning of year
 End of year
Cash non-interest bearing
 
$1,354,902
$1,427,158
Savings and temporary cash investments
 
$1,668,290
$1,997,468
Accounts receivable
 
$82,805
$67,441
Inventories for sale or use
 
$100,110
$76,119
Land, buildings, and equipment: basis
$587,054
 
 
   Less:  accumulated depreciation
$397,980
$155,732
$189,074
Other assets
 
$169,349
$186,073
   Total Assets
 
$3,531,188
$3,943,333
 
Accounts Payable and accrued expenses
 
$50,435
$103,551
Deferred revenue
 
$171,484
$168,523
Other liabilities
 
$3,114
$4,117
   Total Liabilities
 
$225,033
$276,191
 
Paid-in or capital surplus, or land building, and equipment fund
 
 $ 1,039,921
 $ 1,039,921
Retained earnings, endowment, accumulated income or other funds
 
$2,266,234
$2,627,221
   Total Net Assets or Fund Balances
 
$3,306,155
$3,667,142
 
Total Liabilities & Net Assets or  Fund Balances
 
$3,531,188
$3,943,333
 
   Change in Net Assets
 
 
$360,987



Last Updated on 2/15/2002
By Tom Bilodeau, Corporate Treasurer - treasurer@sca.org


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