| USCF BALANCE SHEET APRIL 1997 | ||||||
| U.S. Chess Federation | ||||||
| Balance Sheet | ||||||
| AS OF 04/30/97 | ||||||
| ** THIS PERIOD THIS YEAR ** | ** THIS PERIOD LAST YEAR ** | |||||
| =============================== | ============= | ============= | ============= | ============= | ============= | ============= |
| ASSETS | ||||||
| -------------------- | ||||||
| OPERATING ASSETS | ||||||
| CASH-OPERATING | 72,234.82 | 32,089.78 | ||||
| ACCOUNTS RECEIVABLE (NET) | 156,337.12 | 174,609.70 | ||||
| DUE FROM CHESS TRUST | 29,380.97 | 38,838.62 | ||||
| ACCRD ACCOUNTS RECEIVABLE | 33,711.78 | 10,960.16 | ||||
| INVENTORY (NET) | 482,393.35 | 550,713.92 | ||||
| TOTAL PREPAID EXPENSES | 46,739.57 | 106,758.94 | ||||
| DEFERRED TOURNAMENT EXP. | 95,591.62 | 89,383.23 | ||||
| ^ADVANCED DEPOSITS | 33,481.02 | 27,853.70 | ||||
| -- | -------------------- | -------------------- | ||||
| TOTAL OPERATING ASSETS | 949,870.25 | 1,031,208.05 | ||||
| CASH-LIFE MEMBERS | 1,411,753.05 | 1,326,421.77 | ||||
| LAND & BUILDING | 465,000.00 | 638,167.00 | ||||
| -------------------- | -------------------- | |||||
| TOTAL LIFE MEMB. ASSETS | 1,876,753.05 | 1,964,588.77 | ||||
| GM BENEFITS MM | 69,976.42 | 54,341.08 | ||||
| CRENSHAW ENDOWMENT KEY MM | 10,481.89 | 9,599.19 | ||||
| -------------------- | -------------------- | |||||
| TOTAL MONEY MARKET ASSETS | 80,458.31 | 63,940.27 | ||||
| -------------------- | -------------------- | |||||
| TOTAL ASSETS | 2,907,081.61 | 3,059,737.09 | ||||
| ============= | ============= | |||||
| LIABILITY & FUND BALANCE | ||||||
| ------------------------------------------ | ||||||
| OPERATING LIABILITIES | ||||||
| NOTES PAYABLE | 200,000.00 | 50,000.00 | ||||
| LEASES PAYABLE | 1,191.00 | 3,441.00 | ||||
| INSURANCE PAYABLE | 628.73- | 656.91 | ||||
| GM BENEFITS PAYABLE | 69,749.03 | 54,341.08 | ||||
| ^ACCOUNTS PAYABLE | 213,869.32 | 156,073.87 | ||||
| DUE TO CHESS TRUST | 20,615.20 | 10,343.21 | ||||
| ACCRUED EXPENSES | 95,236.61 | 142,125.19 | ||||
| ACCRUED FOR SASP | 7,010.33 | 11,324.53 | ||||
| TAXES PAYABLE | 2,694.41 | 3,248.86 | ||||
| SALES TAX: OUT OF STATE | 10,482.50 | 0.00 | ||||
| DEFERRED SALES | 10,816.14 | 28,287.92 | ||||
| DEF. REV. GIFT CERTIFICTS | 332.00 | 0.00 | ||||
| DEFERRED TNMT INCOME | 83,254.35 | 91,453.84 | ||||
| DFD INC MULTI REGULAR | 151,278.29 | 230,430.50 | ||||
| DFD INC MULTI SR | 10,823.02 | 14,864.63 | ||||
| DFD INC MULTI YOUTH | 10,350.50 | 14,103.85 | ||||
| DFD INC MULTI SCHOLASTIC | 2,892.91 | 15,295.53 | ||||
| -------------------- | -------------------- | |||||
| TOTAL OPERATING LIABILITY | 889,966.88 | 825,990.92 | ||||
| EST LIAB FOR LIFE & SUST | ||||||
| DEFERRED LIFE-ORIGINAL | 323,308.00 | 323,308.00 | ||||
| DEFERRED LIFE-ADDITIONAL | 1,014,009.92 | 986,550.92 | ||||
| DEFERRED INC.-SUSTAINING | 564,017.54 | 528,073.04 | ||||
| DEFERRED LIFE-ADD 1990 | 309,889.50 | 309,889.50 | ||||
| -------------------- | -------------------- | |||||
| TOTAL EST LIAB FOR LIFE | 2,211,224.96 | 2,147,821.46 | ||||
| FUND BALANCE | ||||||
| CRENSHAW ENDOWMENT FUND | 10,481.89 | 9,599.19 | ||||
| FUND BALANCE | 82,983.66- | 89,024.86 | ||||
| CURRENT EARNINGS | 121,608.46- | 12,699.34- | ||||
| -------------------- | -------------------- | |||||
| TOTAL FUND BALANCE | 194,110.23- | 85,924.71 | ||||
| -------------------- | -------------------- | |||||
| TOTAL LIAB & FUND BALANCE | 2,907,081.61 | 3,059,737.09 | ||||
| ============= | ============= | |||||
