2005 Financial Statement

 January-December 2005

Beginning Balance (Checking):            $  60,000.42
 
Income:
  Memberships:                                          $  36,003.02
  Mailing list rentals:                                   $       700.00
  Conference income:                                $141,588.89
  Interest income:                                       $       156.52

Total Income:                                           $178,448.43
 

Expenses:
  Salary Managing Director                        $  21,999.96
  Employer SS/Medicare                            $    1,683.00
  Postage                                                   $    5,467.92
  Printing/Copying                                      $    6,512.55
  ISLE Expenses                                        $    7,300.00 
  Online Bibliography annual fee               $       552.00
  Newsletter layout                                     $       300.00
  Bookkeeping/Accounting consultation     $       500.00
  Credit card & banking fees                      $       263.88
  Conference expenses                              $113,601.75
  Supplies                                                   $       370.16
  Laptop/software purchase                       $    1,415.00
  Phone/Fax                                               $         45.27

Total Expenses:                                      $160,011.49

2005 Income (Loss):                               $  18,436.94
Fund transfer to CD (May 2005)               $  30,000.00

Ending Balance (Checking):                     $  48,437.36
Ending Balance (CD):                               $  30,462.87
Total Assets                                            $  78,900.23