2018 YEAR END OPERATING STATEMENT

Posted by Samantha
Posted on 4/23/2019

IMAC REVENUES

Membership Dues                                         $19,453.28

IMAC Regions                                                $  2,845.37

Bank Refunds                                                 $       76.01

AMA NATS                                                      $  1,724.50

Red Book Sales                                              $     565.00

 

IMAC WORLDS REVENUES*

Pilot/Mechanic/Helper/Team Man          $27,615.00

Sponsorships                                                 $  7,395.00

Auctions                                                         $  3,970.00

Banquet Tickets                                           $  6,310.00

Donations                                                     $  1,675.00

Merchandise Sales                                      $  7,330.01

Banner Ads                                                    $     125.00

 

Total 2018 Income                                                                      $79,084.17

 

IMAC EXPENSES

Regional Expenses                                       $  8,928.51

AMA NATS                                                     $  7,864.25

Awards                                                           $       45.30

Bank Fees                                                      $        41.01

GoToMeeting Account                               $      295.00

Judging Guide Manuals (Red Books)        $   1,513.25

Membership Refunds                                 $        80.00

National Judging School                             $  5,110.42

Office Expenses                                           $  2,487.52

Printing/Postage/Oper Exp                        $     468.13

Regional Judging Schools                           $     409.41

Shipping                                                         $       21.20

Trade Shows                                                 $  1,981.98

Software (Sequence Com)                         $       99.99

Website Maintenance                                $  3,852.00

Website (IMPACT/Training Link)              $      119.88

 

IMAC WORLDS EXPENSES*

IMAC World Championships                     $52,720.82

 

Total 2018 Expenses                                                                   $86,038.67

2018 Surplus/(Deficit)                                                                ($6,954.50)

 

Add: 2017 Retained Earnings                                                   $43,883.22

12/31/2018 Ending Balance                                                     $36,928.72

 

*These revenues and expenses were incurred in just 2018.  The remainder of the IWC Revenues and Expenses were accounted for from 2015-2017.*




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