U. S. CHESS FEDERATION |
||||||
CONSOLIDATED BALANCE SHEET |
||||||
$35,764.00 |
||||||
ASSETS |
||||||
THIS YEAR |
LAST YEAR |
|||||
OPERATING ASSETS |
||||||
CASH-OPERATING |
$156,078.00 |
$29,137.00 |
||||
ACCOUNTS RECEIVABLE (NET) |
$186,062.00 |
$182,825.00 |
||||
DUE FROM INTERCOMPANY |
$90,181.00 |
$0.00 |
||||
DUE FROM CHESS TRUST |
$15,948.00 |
$9,214.00 |
||||
ACCRD ACCOUNTS RECEIVABLE |
$46,723.00 |
$35,697.00 |
||||
INVENTORY (NET) |
$466,762.00 |
$557,470.00 |
||||
TOTAL PREPAID EXPENSES |
$62,786.00 |
$150,777.00 |
||||
DEFERRED TOURNAMENT EXP. |
$228,444.00 |
$70,986.00 |
||||
ADVANCED DEPOSITS |
$25,685.00 |
$33,340.00 |
||||
TOTAL OPERATING ASSETS |
$1,278,669.00 |
$1,069,446.00 |
||||
FIXED ASSETS |
||||||
FIXED ASSETS |
$93,679.00 |
$0.00 |
||||
TOTAL FIXED ASSETS |
$93,679.00 |
$0.00 |
||||
LIFE MEMBERSHIP ASSETS |
||||||
CASH-LIFE MEMBERS |
$1,379,695.00 |
$1,348,090.00 |
||||
LAND & BUILDING |
$275,548.00 |
$465,000.00 |
||||
TOTAL LIFE MEMB. ASSETS |
$1,655,243.00 |
$1,813,090.00 |
||||
MONEY MARKET ASSETS |
||||||
GM BENEFITS MM |
$79,801.00 |
$63,157.00 |
||||
CRENSHAW ENDOWMENT KEY MM |
$9,773.00 |
$10,393.00 |
||||
TOTAL MONEY MARKET ASSETS |
$89,574.00 |
$73,550.00 |
||||
TOTAL ASSETS |
$3,117,165.00 |
$2,956,086.00 |
||||
LIABILITIES AND FUND BALANCE |
||||||
THIS MONTH |
THIS MONTH |
|||||
THIS YEAR |
LAST YEAR |
|||||
OPERATING LIABILITIES |
||||||
NOTES PAYABLE |
$350,000.00 |
$300,000.00 |
||||
LEASES PAYABLE |
($122.00) |
$2,316.00 |
||||
INSURANCE PAYABLE |
$13,762.00 |
$3,246.00 |
||||
GM BENEFITS PAYABLE |
$0.00 |
$63,157.00 |
||||
ACCOUNTS PAYABLE |
$211,165.00 |
$246,960.00 |
||||
DUE TO CHESS TRUST |
$2,727.00 |
$7,060.00 |
||||
DUE TO INTERCOMPANY |
$94,426.00 |
$0.00 |
||||
ACCRUED EXPENSES |
$117,906.00 |
$95,441.00 |
||||
ACCRUED FOR SASP |
$12,524.00 |
$5,597.00 |
||||
TAXES PAYABLE |
$4,213.00 |
$3,400.00 |
||||
SALES TAX: OUT OF STATE |
$8,081.00 |
$1,097.00 |
||||
DEF. REV. ROYALTIES |
$2,333.00 |
$0.00 |
||||
2710 DEFERRED SALES |
$13,077.00 |
$26,299.00 |
||||
2720 DEF. REV. GIFT CERTIFICATES |
$429.00 |
$0.00 |
||||
2730 DEFERRED TNMT INCOME |
$159,715.00 |
$54,026.00 |
||||
DFD INC NATNL TRAINING PR |
$650.00 |
$0.00 |
||||
DFD INC MULTI REGULAR |
$116,529.00 |
$184,916.00 |
||||
2811 DFD INC MULTI SR |
$10,276.00 |
$12,987.00 |
||||
DFD INC MULTI YOUTH |
$7,731.00 |
$11,008.00 |
||||
DFD INC MULTI SCHOLASTIC |
($7,162.00) |
$15,199.00 |
||||
TOTAL OPERATING LIABILITY |
$1,118,260.00 |
$1,032,709.00 |
||||
ESTIMATED LIABILITY FOR LIFE & SUSTAINING MEMBERSHIPS |
||||||
DUE TO OPERATIONS FRM LMA |
($124,598.00) |
$0.00 |
||||
DEFERRED LIFE-ORIGINAL |
$323,308.00 |
$323,308.00 |
||||
DEFERRED LIFE-ADDITIONAL |
$1,551,905.00 |
$999,822.00 |
||||
DEFERRED INC.-SUSTAINING |
$49,421.00 |
$546,318.00 |
||||
DEFERRED LIFE-ADD 1990 |
$0.00 |
$309,890.00 |
||||
TOTAL EST LIAB FOR LIFE |
$1,800,036.00 |
$2,179,338.00 |
||||
FUND BALANCE |
||||||
CRENSHAW ENDOWMENT FUND |
$9,773.00 |
$10,393.00 |
||||
G.M. BENEFITS FUND |
$79,801.00 |
$0.00 |
||||
CHESS INFORMANT ACCOUNT |
$0.00 |
$201,120.00 |
||||
FUND BALANCE |
($469,031.00) |
($82,987.00) |
||||
FUND BALANCE: LMA to 4% |
$456,923.00 |
$0.00 |
||||
CURRENT EARNINGS |
$121,403.00 |
($384,490.00) |
||||
TOTAL FUND BALANCE |
$198,869.00 |
($255,964.00) |
||||
TOTAL LIAB & FUND BALANCE |
$3,117,165.00 |
$2,956,086.00 |