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 |