2020 Year End Financial Report

Posted by Doug Pilcher
Posted on 1/19/2021

This is the year end financial report presented to the Board from Phil Vance. The financial report was accepted as reported in the January 2021 meeting. If any questions with the report please contact the Board Of Directors.



2020 YEAR END OPERATING STATEMENT

IMAC REVENUES

Membership Dues

19,422.74

IMAC Regions

839.93

Swag Store Sales

1,552.82

Bank Refunds

1.00

TOTAL 2020 INCOME

$21,816.49

IMAC EXPENSES

Regional Expenses

3,092.47

AMA NATS

0.00

GoToMeeting Account

295.00

Judging Guide Manuals (Red Books)

0.00

Membership Refunds

56.00

Swag Store Merchandise

1,242.15

National Judging School (2017 School)

188.01

Operating Expenses

1,459.67

Office Expenses

430.45

Postage/Post Office Fees

862.88

Trade Shows

0.00

Software (Sequence Committee)

0.00

Website Maintenance

3,173.33

TOTAL 2020 EXPENSES

$10,799.96

2020 Surplus/(Deficit)

$11,016.53

ADD: 2019 Retained Earnings

$32,630.31

12/31/2020 Ending Balance

$43,646.84




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