Corporate Treasurer


2001 Financial Statement

Greetings 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 2001 information published in 2002 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, Inc., who uses our tax-exempt ID as well as the Kingdoms and Principalities, the newsletters and the Corporate Office. This information is given to our certified public 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.

Any questions you have about this report can be addressed to me at

The following statement is a summary of the SCA's 2001 Form 990, Parts I and IV, as filed with the Internal Revenue Service on November 13, 2002.

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   
Gross 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   ($20,255)  
Gross profit or (loss) from sales of inventory    
Other revenue    
Total Revenue     $4,156,380
Program services (event related expenses)    
Management and general    
Total Expenses     $3,773,627
Net Income    
Balance Sheets
  Beginning of year End of year
Cash non-interest bearing  
Savings and temporary cash investments  
Accounts receivable  
Inventories for sale or use  
Land, buildings, and equipment: basis
   Less: accumulated depreciation
Other assets  
Total Assets  
Accounts Payable and accrued expenses  
Deferred revenue  
Other liabilities  
Total Liabilities  
Paid-in or capital surplus, or land building, and equipment fund  
Retained earnings, endowment, accumulated income or other funds  
Total Net Assets or Fund Balances  
Total Liabilities & Net Assets or Fund Balances  
Change in Net Assets    

Last Updated on 11/13/2002
By Tom Bilodeau, Corporate Treasurer -

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