| USCF INCOME STATEMENT | |||||
| U. S. Chess Federation | |||||
| Income Statement | |||||
| FOR THE PERFOR THE PERIOD ENDING 04/30/97 | |||||
| T H I S | Y E A R | BUDGET | L A S T | Y E A R | |
| THIS PERIOD | 10 PERIODS | 10 PERIODS | THIS PERIOD | 10 PERIODS | |
| ============================ | ============== | ============== | ============== | ============== | ============== |
| STATEMENT OF REVENUES | |||||
| REGULAR ONE YEAR MEMB | 60,196.60 | 742,064.06 | 881,818.20 | 66,681.05 | 779,879.62 |
| REGULAR MULTI YEAR | 18,862.88 | 175,603.27 | 152,727.30 | 12,671.02 | 133,656.99 |
| SENIOR ONE YEAR MEMB | 5,198.00 | 71,952.10 | 85,454.50 | 5,581.00 | 72,604.55 |
| SENIOR MULTI YEAR | 1,214.39 | 11,838.04 | 10,000.00 | 812.30 | 8,563.69 |
| FAMILY MEMBERSHIP | 770.00 | 5,432.50 | 5,454.50 | 585.00 | 4,807.00 |
| TRIAL MEMBERSHIP | 1,351.15 | 15,405.39 | 23,636.40 | 2,240.55 | 18,606.38 |
| MISC. MEMBERSHIP | 246.00 | 4,249.96 | 3,636.40 | 225.00 | 3,398.23 |
| YOUTH ONE YEAR MEMB | 9,512.00 | 107,231.75 | 112,727.30 | 13,240.50 | 102,276.86 |
| YOUTH MULTI YEAR | 1,218.65 | 11,100.93 | 8,181.80 | 842.29 | 8,218.47 |
| SCHOLASTIC ONE YEAR MEMB | 26,193.50 | 208,887.89 | 238,181.80 | 31,405.65 | 206,416.50 |
| SCHOLASTIC MULTI YEAR | 3,307.28 | 23,265.50 | 4,545.50 | 715.64 | 5,104.80 |
| SUSTAINING MEMBERSHIP | 2,682.50 | 33,095.00 | 38,181.80 | 3,597.50 | 33,760.50 |
| LIFE MEMBERSHIP | 85.00 | 1,114.25 | 909.10 | 122.05 | 1,185.82 |
| AFFILIATION | 5,904.50 | 67,072.90 | 67,272.70 | 5,353.00 | 65,337.00 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL MEMBERSHIP REVENUE | 136,742.45 | 1,478,313.54 | 1,632,727.30 | 144,072.55 | 1,443,816.41 |
| SALES | 226,488.24 | 2,693,132.28 | 3,168,181.80 | 282,440.16 | 2,865,032.75 |
| SALES: CONCESSION | 125,949.88 | 190,670.01 | 0.00 | 0.00 | 74,622.22 |
| SALES: SCHOLASTIC WORKSHP | 0.00 | 678.95 | 0.00 | 150.00 | 400.00 |
| SALES RETURNS & ALLOWANCE | 5,426.15- | 29,046.70- | 0.00 | 3492.10- | 28,311.96- |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| NET SALES REVENUE | 347,011.97 | 2,855,434.54 | 3,168,181.80 | 279,098.06 | 2,911,743.01 |
| BBS SERVICE | 0.00 | 0.00 | 73,636.40 | 0.00 | 0.00 |
| PHONE/FAX SERVICE | 386.55 | 2,269.57 | 0.00 | 350.40 | 3,837.05 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL BBS/PHONE FAX REV. | 386.55 | 2,269.57 | 73,636.40 | 350.40 | 3,837.05 |
| SCHOOLMATE SUBSCRIPTIONS | 765.50 | 9,708.15 | 10,909.10 | 781.00 | 9,966.05 |
| CHESS LIFE SUBSCRIPTIONS | 1,061.50 | 28,306.10 | 30,000.00 | 1,852.00 | 29,087.05 |
| CHESS LIFE NEWSTAND SALES | 2,848.13 | 37,907.27 | 30,000.00 | 3,321.49 | 25,655.95 |
| CL MISC. INCOME | 49.00 | 1,088.95 | 0.00 | 79.25 | 1,193.98 |
| CHESS LIFE ADVERTISING | 17,467.48 | 208,850.78 | 201,818.20 | 19,189.23 | 198,889.01 |
| SCHOOLMATES ADVERTISING | 355.00 | 5,054.75 | 1,818.20 | 0.00 | 1,345.15 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL MAGAZINE REVENUE | 22,546.61 | 290,916.00 | 274,545.50 | 25,222.97 | 266,137.19 |
| RATING FEES/CROSSTABLES | 12,816.31 | 129,872.67 | 122,727.30 | 12,670.70 | 125,642.88 |
| MAILING LIST SALES | 1,330.65 | 20,868.51 | 21,818.20 | 7,680.23 | 21,232.83 |
| CERTIFICATION FEES | 67.95 | 886.40 | 909.10 | 98.00 | 929.6 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL OTHER SERVICES REV | . 14,214.91 | 151,627.58 | 145,454.60 | 20,448.93 | 147,805.31 |
| CORRESPONDENCE CHESS FEES | 3,655.50 | 36,799.02 | 38,181.80 | 3,813.40 | 36,801.90 |
| OPEN TNMT REV. & DONATION | 6,338.79 | 88,657.77 | 200,000.00 | 46,172.11 | 166,694.61 |
| SPONSORSHIP | 0.00 | 50,010.00 | 95,454.60 | 0.00 | 146,175.01 |
| FIDE DONATIONS | 65.00 | 471.50 | 20,909.10 | 30.00 | 586.75 |
| -------------------- | -------------------- | -------------------- | -------------------- | --------------------- | |
| TOTAL TOURNAMENT REVENUE | 10,059.29 | 175,938.29 | 354,545.50 | 50,015.51 | 350,258.27 |
| CHESS TRUST ADMIN. INCOME | 0.00 | 13,162.12 | 14,545.50 | 0.00 | 13,260.59 |
| INTEREST INCOME | 2,550.47 | 42,849.32 | 10,909.10 | 10,992.24 | 35,718.48 |
| DIVIDEND INCOME | 227.65 | 7,320.68 | 10,909.10 | 1,249.26 | 27,368.43 |
| ROYALTIES | 15,933.48 | 73,287.30 | 69,090.90 | 18,031.13 | 70,325.32 |
| OTHER SPONSORSHIP | 0.00 | 3,000.00 | 0.00 | 0.00 | 0.00 |
| GENERAL DONATIONS | 2,390.00 | 4,005.56 | 5,454.50 | 1,753.65 | 5,078.76 |
| REALIZED GAIN/(LOSS) | 647.90 | 31,433.55 | 28,181.80 | 0.00 | 54,446.04 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL OTHER REVENUE | 21,749.50 | 175,058.53 | 139,090.90 | 32,026.28 | 206,197.62 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL REVENUES | 552,711.28 | 5,129,558.05 | 5,788,182.00 | 551,234.70 | 5,329,794.86 |
| STATEMENT OF EXPENSES | |||||
| CHESS LIFE PRINTING | 26,442.39 | 328,292.02 | 367,272.70 | 34,066.65 | 360,134.81 |
| CHESS LIFE MAILING | 17,646.71 | 184,478.42 | 180,000.00 | 19,601.19 | 172,278.46 |
| CL CONTRIBUTOR FEES | 5,990.00 | 68,490.00 | 72,727.30 | 7,075.00 | 73,257.27 |
| OTHER CL EDITORIAL EXP. | 761.06 | 2,987.40 | 3,636.40 | 106.21 | 3,570.42 |
| SCHOOLMATES PRINTING | 7,696.89 | 52,464.16 | 50,909.10 | 1,324.90 | 40,149.45 |
| SCHOOLMATES MAILING | 9,589.78 | 34,643.16 | 30,000.00 | 5,394.31 | 25,913.90 |
| SM CONTRIBUTOR FEES | 264.17 | 2,331.78 | 3,636.40 | 0.00 | 2,276.34 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL MAGAZINE | 68,391.00 | 673,686.94 | 708,181.90 | 67,568.26 | 677,580.65 |
| PURCHASES | 189,038.43 | 1,502,604.27 | 1,680,000.00 | 148,925.22 | 1,496,518.15 |
| INDIRECT SALES | 9,245.28 | 40,216.36 | 0.00 | 7,962.97 | 51,197.49 |
| DELIVERY | 20,479.01 | 239,609.82 | 253,636.40 | 24,046.25 | 236,511.41 |
| SHIPPING SUPPLIES | 2,953.67 | 49,017.16 | 59,090.90 | 5,927.58 | 50,247.71 |
| CATALOG PRINTING | 6,537.45 | 114,970.22 | 163,636.40 | 267.10 | 146,482.41 |
| CATALOG MAILING | 11,101.75 | 68,046.73 | 95,454.50 | 14,075.99 | 96,453.76 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL BOOKS & EQUIPMENT | 239,355.59 | 2,014,464.56 | 2,251,818.20 | 201,205.11 | 2,077,410.93 |
| WEB SERVICE | 209.79 | 29,068.75 | 14,545.50 | 1,548.58 | 27,048.80 |
| PHONE/FAX RATING SERVICE | 3,516.59 | 3,516.59 | 14,545.50 | 0.00 | 14,477.48 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL BBS & PHONE/FAX | 3,726.38 | 32,585.34 | 29,091.00 | 1,548.58 | 41,526.28 |
| PROMOTIONS | 1,045.41 | 18,592.20 | 36,363.60 | 933.48 | 39,263.08 |
| MEMB. FORMS & SUPPLIES | 5,040.97 | 61,869.33 | 81,818.20 | 4,423.54 | 84,064.39 |
| RATING SUPPLEMENTS | 0.00 | 14,013.46 | 16,363.60 | 0.00 | 13,105.59 |
| ^SCHOLASTIC PROMOTIONS | 1,907.24 | 11,434.61 | 12,727.30 | 1,694.15 | 57,234.91 |
| SASP EXPENSE | 2,600.00 | 26,000.00 | 28,181.80 | 2,600.00 | 26,000.00 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL OTHER SERVICES | 10,593.62 | 131,909.60 | 175,454.50 | 9,651.17 | 219,667.97 |
| EXPENSES (CONTINUED) | |||||
| CORRESPONDENCE CHESS EXP | 610.00 | 6,659.21 | 8,181.80 | 1,244.59 | 7,496.73 |
| U.S. OPEN TOURNAMENTS | 8394.85 | 84,873.86 | 190,909.10 | 47,326.16 | 162,818.46 |
| US INVITATIONAL TOURNMNT | 0.00 | 141,190.91 | 272,727.30 | 0.00 | 165,158.42 |
| FIDE INTERZONAL EXPENSE | 0.00 | 0.00 | 0.00 | 0.00 | 13,580.50 |
| ^FIDE & PCA TOURNAMENTS | 0.00 | 25,047.75 | 0.00 | 9,929.74 | 22,867.50 |
| FIDE 96 OLYMPIAD | 0.00 | 65,051.77 | 0.00 | 0.00 | 0.00 |
| FIDE OLYMPIAD EXP. | 0.00 | 0.00 | 0.00 | 0.00 | 2,752.00- |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL TOURNAMENT | 9,004.85 | 322,823.50 | 471,818.20 | 58,500.49 | 369,169.61 |
| SALARIES & WAGES | 87,765.54 | 1,035,850.74 | 1,204,545.50 | 101,534.09 | 1,012,900.16 |
| SALARY EXP: ACCR.VACATION | 0.00 | 20,000.00 | 0.00 | 0.00 | 0.00 |
| SALARY EXP - OTHER | 1,018.64 | 28,580.79 | 0.00 | 6,474.74 | 18,645.68 |
| PAYROLL TAXES | 11,702.84 | 90,889.80 | 103,636.40 | 9,720.82 | 96,465.16 |
| HEALTH BENEFITS | 2,381.71 | 81,083.33 | 73,636.40 | 8,206.84 | 64,138.64 |
| PENSION PLAN | 3,712.97 | 31,906.07 | 24,545.50 | 2,820.91 | 30,890.53 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL PERSONNEL | 106,581.70 | 1,288,310.73 | 1,406,363.80 | 128,757.40 | 1,223,040.17 |
| TRAVEL & ADMINISTRATION | 7,445.71 | 65,034.52 | 54,545.50 | 2,976.41 | 55,735.42 |
| VEHICLE EXPENSE | 875.50 | 9,097.62 | 0.00 | 592.58 | 4,567.32 |
| POSTAGE | 12,761.86 | 153,237.54 | 147,272.70 | 20,875.33 | 149,980.55 |
| OFFICE SUPPLIES | 3,531.70 | 32,700.52 | 38,181.80 | 3,187.46 | 46,423.72 |
| PROFFESIONAL FEES | 25,802.29 | 105,165.22- | 50,000.00 | 16,032.23 | 85,639.93 |
| INTEREST EXPENSE | 1,692.37 | 14,372.86 | 7,272.70 | 365.97 | 7,349.65 |
| BAD DEBT EXPENSE | 750.00 | 6,789.99 | 12,727.30 | 750.00 | 7,500.00 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| GENERAL & ADMINISTRATION | 1,254.85 | 386,398.27 | 310,000.00 | 44,779.98 | 357,196.59 |
| RENT | 2,850.00 | 28,500.00 | 28,181.80 | 0.00 | 0.00 |
| UTILITIES | 1,226.10 | 14,993.56 | 20,000.00 | 2,104.19 | 16,421.35 |
| TELEPHONE | 8,149.59 | 90,757.48 | 72,727.30 | 11,246.20 | 76,124.58 |
| INSURANCE | 4,641.11 | 32,920.54 | 38,181.80 | 2,935.36 | 31,811.81 |
| REPAIRS & MAINTENANCE | 3,318.85 | 42,317.98 | 50,000.00 | 3,024.05 | 39,422.13 |
| PROPERTY TAXES | 1,158.04 | 12,005.01 | 12,727.30 | 1,072.99 | 11,006.57 |
| COMPUTER SOFTWARE | 0.00 | 1,379.90 | 45,454.50 | 0.00 | 9,124.22 |
| COMPUTER MAINTENANCE | 44.38 | 880.42 | 9,090.90 | 275.38 | 3,314.62 |
| FIXED ASSET ACQUISITIONS | 2,770.51 | 45,103.93 | 31,818.20 | 2,536.91 | 67,971.12 |
| EQUIPMENT RENTAL | 454.44 | 6,481.56 | 6,363.60 | 454.44 | 6,681.77 |
| BANK CHARGES | 247.09 | 1,599.12 | 7,272.70 | 6,625.61 | 9,399.77 |
| CREDIT CARD CHARGE EXP. | 5,877.40 | 64,892.88 | 58,181.80 | 2,086.95 | 56,524.47 |
| MISCELLANEOUS | 54.00 | 79.15 | 1,818.20 | 63.66 | 1,805.48 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| TOTAL OVERHEAD | 30,791.51 | 341,911.53 | 381,818.10 | 32,425.74 | 329,607.89 |
| ^POLICY BOARD | 2,657.85 | 40,430.15 | 38,181.80 | 195.11 | 33,698.99 |
| POLICY BOARD NEWSLETTER | 1,749.48 | 9,597.56 | 6,363.60 | 0.00 | 8,023.62 |
| FIDE MEMBERSHIP FEES | 417.08 | 948.28 | 6,363.60 | 0.00 | 4,339.74 |
| FIDE DELEGATES & ZONAL | 0.00 | 7,978.53 | 2,727.30 | 0.00 | 1,062.42 |
| FIDE RATING FEES | 0.00 | 121.52 | 0.00 | 0.00 | 169.34 |
| -------------------- | -------------------- | -------------------- | -------------------- | ------------------- | |
| TOTAL GOVERNANCE | 4,824.41 | 59,076.04 | 53,636.30 | 195.11 | 47,294.11 |
| -------------------- | -------------------- | -------------------- | -------------------- | ------------------- | |
| TOTAL EXPENSES | 474,523.91 | 5,251,166.51 | 5,788,182.00 | 544,631.84 | 5,342,494.20 |
| -------------------- | -------------------- | -------------------- | -------------------- | -------------------- | |
| Net Income | 78,187.37 | 121,608.46- | 0.00 | 6,602.86 | 12,699.34- |
| ============= | ============= | ============= | ============= | ============= | |
