FRANKOMA FAMILY COLLECTORS ASSOCIATION
BALANCE SHEET
YEARS ENDING DECEMBER 31

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
ASSETS          
CASH   $13,074 $  14,620 $  14,322 $  7,367 $ 14,066 $ 13,331 $ 15,680 $ 10,171 $  3,123
PREPAID/DEPOSITS   --- --- 59 --- --- --- --- --- 75
TOTAL ASSETS   13,074 14,620 14,381 7,367 14,066 13,331 15,680 10,171 3,198
         
LIABILITIES AND NET ASSETS          
LIABILITIES   --- --- --- --- --- --- --- --- ---
         
NET ASSETS:          
   UNRESTRICTED:          
      SCHOLARSHIP FUND (a)   21,736 23,286 22,775 24,165 18,793 18,534 14,717 7,494 2,241
      OPERATING   (8,662) (8,666) (8,394) (16,798) (4,727) (5,203) 963 2,677 957
   TOTAL UNRESTRICTED   13,074 14,620 14,381 7,367 14,066 13,331 15,680 10,171 3,198
TOTAL LIABILITIES & NET ASSETS   $13,074 $  14,620 $  14,381 $  7,367 $ 14,066 $ 13,331 $ 15,680 $ 10,171 $  3,198

  (a) Auction gain on sale of collectibles plus gifts---designed for scholarships less scholarships paid.  In May 11, 2001 Board Meeting, Scholarship Fund frozen at $24,000 with future income, except donations and scholarships paid, directed to operating until deficit is eliminated.

 

 

FRANKOMA FAMILY COLLECTORS ASSOCIATION
STATEMENT OF ACTIVITIES
YEARS ENDING DECEMBER 31

         

UNRESTRICTED
2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
REVENUES:          
   MEMBERSHIP DUES   $   9,152 $  12,522 $11,753 $15,775 $11,226 $15,614 $15,534 $12,200 $7,765
   REUNION AUCTION   10,959 14,332 12,219 19,050 10,041 28,658 26,429 12,943 3,878
   REUNION DINNER/COLLECTIBLES (b)   11,168 12,803 17,014 21,996 30,122 9,695 11,061 6,322 ---
   ADVERTISING   134 114 60 222 157 729 1,298 660 529
   GIFTS   1,200 1,730 1,775 1,672 --- --- --- --- ---
TOTAL REVENUES   32,613 41,501 42,821 58,715 51,546 54,696 54,322 32,135 12,172
         
EXPENSES:          
   REUNION AUCTION   5,991 7,515 8,283 15,350 9,782 24,841 19,206 7,690 1,637
   REUNION DINNER/COLLECTIBLES (b)   14,741 12,992 13,345 22,813 24,965 12,187 9,908 7,231 ---
   PRINTING   6,711 10,598 6,766 11,127 2,552 5,125 7,097 4,691 3,440
   OFFICE SUPPLIES   3,048 2,628 2,139 3,652 4,395 3,643 3,879 3,145 2,226
   POSTAGE   1,212 3,828 2,633 4,388 3,092 5,204 3,729 1,471 1,671
   TELEPHONE   1,364 1,374 1,689 2,679 1,922 1,930 1,540 --- ---
   INSURANCE/LEGAL   1,092 979 952 5,405 4,103 4,115 1,325 --- ---
   SHOWCASE/VISA/COMPUTER/SOFTWARE   --- 1,348 --- --- --- --- 2,129 934 ---
TOTAL EXPENSES   34,159 41,262 35,807 65,414 50,811 57,045 48,813 25,162 8,974
         
CHANGE IN NET ASSETS   (1,546) 239 7,014 (6,699) 735 (2,349) 5,509 6,973 3,198
         
NET ASSETS BEGINNING OF YEAR   14,620 14,381 7,367 14,066 13,331 15,680 10,171 3,198 ---
         
TOTAL LIABILITIES & NET ASSETS   $  13,074 $  14,620 $  14,381 $  7,367 $ 14,066 $ 13,331 $ 15,680 $ 10,171 $  3,198

  (b) 1995 Reunion expense unseparated

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Updated 08/06/2004
By J.P. "Joe" Smith, Jr
Email: ffca4joe@aol.com

 

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