U.S. CHESS FEDERATION |
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CONSOLIDATED INCOME STATEMENT |
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FOR THE PERIOD ENDING 11/30/1997 |
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STATEMENT OF REVENUES |
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- - THIS YEAR - - |
- BUDGET - |
- - LAST YEAR - - |
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THIS MONTH |
6 MONTHS |
6 MONTHS |
THIS MONTH |
6 MONTHS |
|
MEMBERSHIP REVENUE |
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REGULAR ONE YEAR |
$69,381 |
$435,534 |
$462,500 |
$71,127 |
$430,562 |
REGULAR MULTI YEAR |
$20,854 |
$127,321 |
$109,000 |
$19,546 |
$121,752 |
SENIOR ONE YEAR |
$7,282 |
$48,358 |
$44,500 |
$6,927 |
$44,382 |
SENIOR MULTI YEAR |
$1,746 |
$9,513 |
$7,000 |
$1,394 |
$7,545 |
FAMILY MEMBERSHIP |
$528 |
$2,668 |
$3,000 |
$352 |
$2,609 |
TRIAL MEMBERSHIP |
$867 |
$6,824 |
$9,500 |
$1,025 |
$6,062 |
MISC. MEMBERSHIP |
$345 |
$2,352 |
$2,500 |
$483 |
$2,078 |
YOUTH ONE YEAR |
$13,485 |
$53,143 |
$103,000 |
$11,740 |
$48,113 |
YOUTH MULTI YEAR |
$1,240 |
$7,320 |
$12,000 |
$1,214 |
$7,326 |
SCHOLASTIC ONE YEAR |
$26,811 |
$77,668 |
$107,000 |
$22,163 |
$85,889 |
SCHOLASTIC MULTI YEAR |
$3,384 |
$19,537 |
$11,500 |
$3,368 |
$9,199 |
SUSTAINING MEMBERSHIP |
$2,630 |
$18,572 |
$20,000 |
$2,444 |
$15,530 |
LIFE MEMBERSHIP |
$85 |
$834 |
$500 |
$2,525 |
$4,010 |
LIFE & SUSTAINING RECOG. |
$13,102 |
$78,609 |
$70,000 |
$0 |
$0 |
AFFILIATION |
$7,771 |
$42,308 |
$40,500 |
$8,275 |
$37,548 |
TOTAL MEMBERSHIP REVENUE |
$169,512 |
$930,563 |
$1,002,500 |
$152,583 |
$822,606 |
SALES REVENUE |
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SALES: INTERNET |
$6,261 |
$18,931 |
$17,500 |
$0 |
$0 |
SALES |
$324,939 |
$1,481,376 |
$1,500,750 |
$352,592 |
$1,488,945 |
SALES: CONCESSION |
$106 |
$48,298 |
$55,000 |
$0 |
$44,550 |
SALES: SCHOLASTIC WORKSHOP |
$330 |
$600 |
$0 |
$0 |
$710 |
SALES RETURNS & ALLOWANCE |
($344) |
($943) |
$0 |
($1,809) |
($18,265) |
SALES RETURNS & ALLOWANCE |
($1,483) |
($11,795) |
$0 |
$0 |
$0 |
NET SALES REVENUE |
$329,810 |
$1,536,468 |
$1,573,250 |
$350,784 |
$1,515,939 |
WEB SERVICE REVENUE |
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WEB SERVICE |
$0 |
$0 |
$0 |
$290 |
$1,263 |
WEB SERVICES |
$8,000 |
$8,000 |
$0 |
$0 |
$0 |
TOTAL WEB SERVICE REVENUE |
$8,000 |
$8,000 |
$0 |
$290 |
$1,263 |
MAGAZINE REVENUE |
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SCHOOLMATE SUBSCRIPTIONS |
$1,123 |
$6,208 |
$6,500 |
$1,181 |
$5,870 |
CHESS LIFE SUBSCRIPTIONS |
$3,636 |
$11,594 |
$19,000 |
$4,079 |
$12,425 |
CHESS LIFE NEWSSTAND SALES |
$0 |
$22,306 |
$24,500 |
$0 |
$26,121 |
CHESS LIFE MISC. INCOME |
$146 |
$767 |
$0 |
$55 |
$982 |
CHESS LIFE ADVERTISING |
$34,254 |
$118,245 |
$155,000 |
$18,749 |
$137,254 |
SCHOOLMATES ADVERTISING |
($105) |
$5,248 |
$8,500 |
$606 |
$1,444 |
TOTAL MAGAZINE REVENUE |
$39,054 |
$164,369 |
$213,500 |
$24,671 |
$184,097 |
OTHER SERVICES RECEIVED |
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RATING FEES/CROSSTABLES |
$9,492 |
$70,179 |
$80,000 |
$12,832 |
$77,848 |
MAILING LIST SALES |
$794 |
$9,716 |
$13,000 |
$683 |
$9,198 |
CERTIFICATION FEES |
$142 |
$534 |
$500 |
$111 |
$493 |
NATIONAL TRAINING PROGRAM |
$0 |
$1,515 |
$0 |
$0 |
$0 |
TOTAL OTHER SERVICES RECEIVED |
$10,428 |
$81,943 |
$93,500 |
$13,626 |
$87,540 |
TOURNAMENT REVENUE |
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CORRESPONDENCE CHESS FEES |
$3,818 |
$22,653 |
$22,000 |
$3,200 |
$19,884 |
OPEN TNMT REV. & DONATIONS |
$0 |
($30) |
$63,000 |
($309) |
$102,718 |
SPONSORSHIP |
$0 |
$48,436 |
$55,000 |
$50,010 |
$97,202 |
FIDE DONATIONS |
$30 |
$257 |
$0 |
$40 |
$183 |
TOTAL TOURNAMENT REVENUE |
$3,848 |
$71,316 |
$140,000 |
$52,941 |
$219,987 |
OTHER REVENUE |
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CHESS TRUST ADMIN. INCOME |
$1,500 |
$9,000 |
$9,000 |
$0 |
$8,961 |
INTEREST INCOME |
$2,620 |
$13,273 |
$21,000 |
$4,056 |
$29,521 |
DIVIDEND INCOME |
$746 |
$11,037 |
$10,000 |
$110 |
$2,252 |
INTER-COMPANY RENTAL |
$5,000 |
$30,000 |
$30,000 |
$0 |
$0 |
ROYALTIES |
$57,567 |
$80,734 |
$38,000 |
$1,203 |
$45,284 |
GENERAL DONATIONS |
$0 |
$498 |
$10,000 |
$0 |
$581 |
DONATIONS: PATRON PROGRAM |
$0 |
$8,343 |
$0 |
$0 |
$0 |
REALIZED GAIN/(LOSS) |
$0 |
$36,509 |
$0 |
$0 |
$0 |
TOTAL OTHER REVENUE |
$67,432 |
$189,395 |
$118,000 |
$5,369 |
$86,598 |
TOTAL REVENUES |
$628,085 |
$2,982,053 |
$3,140,750 |
$600,263 |
$2,918,030 |
STATEMENT OF EXPENSES |
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- - THIS YEAR - - |
- BUDGET - |
- - LAST YEAR - - |
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THIS MONTH |
6 MONTHS |
6 MONTHS |
THIS MONTH |
6 MONTHS |
|
MAGAZINE EXPENSES |
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CHESS LIFE PRINTING |
$35,427 |
$184,353 |
$198,000 |
$33,344 |
$205,359 |
CHESS LIFE MAILING |
$29,008 |
$99,752 |
$125,500 |
$18,420 |
$98,761 |
CHESS LIFE CONTRIBUTORS |
$8,377 |
$53,192 |
$45,000 |
$6,760 |
$43,090 |
OTHER CHESS LIFE EDITORIAL |
$107 |
$920 |
$1,500 |
$47 |
$1,520 |
SCHOOLMATES PRINTING |
$8,624 |
$24,022 |
$30,000 |
$6,238 |
$28,858 |
SCHOOLMATES MAILING |
$1,102 |
$23,084 |
$17,500 |
$2,641 |
$18,189 |
SCHOOL MATES CONTRIBUTORS |
$9 |
$1,168 |
$1,500 |
($25) |
$1,396 |
TOTAL MAGAZINE |
$82,653 |
$386,492 |
$419,000 |
$67,425 |
$397,172 |
BOOKS & EQUIPMENT |
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PURCHASES |
$180,215 |
$789,187 |
$850,500 |
$194,746 |
$869,343 |
INDIRECT SALES |
$906 |
$10,356 |
$0 |
$846 |
$17,351 |
DELIVERY |
$24,966 |
$130,368 |
$132,750 |
$28,176 |
$146,179 |
SHIPPING SUPPLIES |
$3,924 |
$23,778 |
$29,250 |
$2,831 |
$29,489 |
CATALOG PRINTING |
$6,170 |
$84,567 |
$90,000 |
$11,817 |
$66,185 |
CATALOG MAILING |
$10,479 |
$41,253 |
$51,500 |
$5,713 |
$31,624 |
TOTAL BOOKS & EQUIPMENT |
$226,660 |
$1,079,509 |
$1,154,000 |
$244,130 |
$1,160,171 |
WEB SERVICE |
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WEB SERVICE |
$2,587 |
$22,474 |
$20,000 |
$6,900 |
$23,520 |
WEB RATING SERVICE |
$0 |
$1,215 |
$0 |
$0 |
$0 |
TOTAL WEB SERVICE |
$2,587 |
$23,689 |
$20,000 |
$6,900 |
$23,520 |
OTHER SERVICES |
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PROMOTIONS |
$59 |
$2,092 |
$22,500 |
$210 |
$17,990 |
PROMOTIONS, CLUB |
$290 |
$290 |
$0 |
$0 |
$0 |
MEMB. FORMS & SUPPLIES |
$5,625 |
$32,029 |
$38,000 |
$14,424 |
$35,148 |
RATING SUPPLEMENTS |
$4,196 |
$7,088 |
$9,500 |
$3,135 |
$8,403 |
SCHOLASTIC PROMOTIONS |
$0 |
$6,329 |
$10,000 |
$919 |
$11,266 |
NATIONAL TRAINING PROGRAM |
$0 |
$1,090 |
$0 |
$0 |
$0 |
SASP EXPENSE |
$2,600 |
$15,600 |
$16,000 |
$2,600 |
$11,949 |
TOTAL OTHER SERVICES |
$12,771 |
$64,520 |
$96,000 |
$21,288 |
$84,756 |
TOURNAMENT EXPENSES |
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CORRESPONDENCE CHESS |
($5) |
$3,147 |
$6,200 |
$287 |
$4,954 |
U.S. OPEN TOURNAMENTS |
$1,125 |
$1,859 |
$60,000 |
$1,105 |
$96,271 |
US INVITATIONAL TOURNAMENT |
$0 |
$118,016 |
$180,500 |
$129,547 |
$130,739 |
FIDE & PCA TOURNAMENT |
$306 |
($613) |
$0 |
$0 |
$0 |
FIDE 96 OLYMPIAD |
$0 |
$0 |
$0 |
$65,052 |
$65,052 |
TOTAL TOURNAMENT |
$1,426 |
$122,409 |
$246,700 |
$195,991 |
$297,016 |
PERSONNEL EXPENSES |
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SALARIES & WAGES |
$104,121 |
$615,050 |
$600,000 |
$99,511 |
$651,113 |
SALARY EXP - OTHER |
$0 |
$5,198 |
$0 |
$1,793 |
$29,484 |
PAYROLL TAXES |
$8,374 |
$50,734 |
$57,500 |
$5,810 |
$48,176 |
HEALTH BENEFITS |
($997) |
$36,624 |
$48,000 |
$8,319 |
$46,707 |
PENSION PLAN |
$3,124 |
$20,320 |
$27,000 |
$2,510 |
$6,854 |
TOTAL PERSONNEL |
$114,621 |
$727,926 |
$732,500 |
$117,943 |
$782,334 |
GENERAL & ADMINISTRATION |
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TRAVEL & ADMINISTRATION |
$3,363 |
$43,712 |
$37,500 |
$3,100 |
$48,665 |
VEHICLE EXPENSE |
$407 |
$4,512 |
$0 |
$574 |
$4,041 |
POSTAGE |
$16,150 |
$81,358 |
$98,000 |
$18,101 |
$78,648 |
OFFICE SUPPLIES |
$5,663 |
$19,377 |
$30,000 |
$1,728 |
$25,904 |
PROFESSIONAL FEES |
$2,167 |
$33,648 |
$35,000 |
$2,899 |
$93,240 |
INTEREST EXPENSE |
$3,014 |
$12,335 |
$7,500 |
$2,172 |
$5,396 |
BAD DEBT EXPENSE |
$760 |
$1,145 |
$6,000 |
$40 |
$13,812 |
GENERAL & ADMINISTRATION |
$31,523 |
$196,088 |
$214,000 |
$28,614 |
$269,706 |
OVERHEAD |
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INTER-COMPANY RENT:FACILITIES |
$5,000 |
$30,000 |
$30,000 |
$0 |
$0 |
ALL OTHER RENT: FACILITIES |
$2,936 |
$17,613 |
$17,500 |
$2,850 |
$17,100 |
UTILITIES |
$1,083 |
$9,157 |
$9,000 |
$837 |
$8,493 |
TELEPHONE |
$2,136 |
$42,306 |
$55,000 |
$7,678 |
$50,679 |
INSURANCE |
$4,282 |
$27,013 |
$19,000 |
$2,935 |
$19,119 |
REPAIRS & MAINTENANCE |
$2,651 |
$18,127 |
$31,000 |
$4,233 |
$26,249 |
PROPERTY & OTHER TAXES |
$1,073 |
$6,578 |
$7,000 |
$1,073 |
$6,438 |
COMPUTER SOFTWARE |
$567 |
$4,578 |
$0 |
$0 |
$1,340 |
COMPUTER MAINTENANCE |
$917 |
$2,000 |
$4,500 |
$500 |
$1,133 |
FIXED ASSET ACQUISITION |
$0 |
$1,207 |
$2,500 |
$8,318 |
$19,687 |
DEPRECIATION |
$6,535 |
$36,600 |
$40,000 |
$0 |
$0 |
EQUIPMENT RENTAL |
$454 |
$4,584 |
$4,000 |
$454 |
$4,020 |
BANK CHARGES |
$296 |
$1,252 |
$1,000 |
$796 |
($3,008) |
CREDIT CARD CHARGE EXPENSE |
$6,887 |
$33,071 |
$39,000 |
$5,842 |
$41,407 |
MISCELLANEOUS |
$0 |
$0 |
$500 |
$0 |
$85 |
TOTAL OVERHEAD |
$34,816 |
$234,085 |
$260,000 |
$35,517 |
$192,742 |
GOVERNANCE |
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POLICY BOARD |
$1,934 |
$16,504 |
$20,000 |
$6,682 |
$31,967 |
POLICY BOARD NEWSLETTER |
$0 |
$5,428 |
$5,000 |
$0 |
$7,028 |
FIDE FEES |
$0 |
$0 |
$3,000 |
$0 |
$701 |
FIDE DELEGATES & ZONAL |
$0 |
$4,000 |
$3,500 |
$0 |
$9,412 |
FIDE RATING FEES |
$0 |
$0 |
$0 |
$0 |
$122 |
TOTAL GOVERNANCE |
$1,934 |
$25,932 |
$31,500 |
$6,682 |
$49,229 |
TOTAL EXPENSES |
$508,991 |
$2,860,650 |
$3,173,700 |
$724,488 |
$3,256,646 |
NET INCOME |
$119,093 |
$121,403 |
($32,950) |
($124,225) |
($338,615) |