Year 1 financial report

April 26, 2014 through April 24, 2015

Income

  • $1077.60 admission contributions
  • $147.00 equipment contributed
  • $145.50 Nov, 2014 tournament
  • $65.00 March, 2015 simul
  • $126.00 April, 2015 tournament
  • $54.20 other

Total income: $1615.3

Expenses

    • $935 rent
    • $35.09 other

Total expenses: $970.09

Net income: $645.21.
Net income less equipment donated: $498.21

Assets

  • $260.00 Bank account
  • $297.50 Petty cash
  • $1.96 Held by executives in trust
  • $147.00 Equipment

Total assets: $706.46

Liabilities

  • $50 rent
  • $11.25 tournament fund

Total liabilities: $61.25

Net worth: $645.21
Net worth less equipment: $498.21

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