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Massachusetts Chess Association |
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Balance Sheet |
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As of October 31st 2002 |
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ASSETS: |
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Cash in savings, Citizens
Bank, N.H. |
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$10,067.79 |
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General Fund |
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$4,525.03 |
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Life Membership Fund |
$574.05 |
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Future Year Membership
Fund |
$304.00 |
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Living Memorial Chess Fund |
$436.92 |
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Comeau Fund |
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$846.94 |
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Hurvitz Fund, Principal |
$2,125.00 |
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Hurvitz Fund, Interest |
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$1,174.15 |
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Prison Chess Fund |
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$81.70 |
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Cash in checking, Citizens
Bank, N.H. (General Fund) |
$93.49 |
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Cash at Berthel Fisher |
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$903.04 |
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General Fund |
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$175.33 |
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Hurvitz Fund, Interest |
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$148.72 |
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Life Membership Fund |
$383.41 |
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Living Memorial Chess Fund |
$195.58 |
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Long term investments |
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$42,961.96 |
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Life Membership Fund |
$28,809.66 |
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Living Memorial Chess Fund |
$12,652.30 |
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Hurvitz Fund, Principal |
$1,500.00 |
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Decline to market on long
term investments |
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($3,467.76) |
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Life Membership Fund |
($2,746.68) |
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Living Memorial Chess Fund |
($721.08) |
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Advertising revenue
receivable |
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$1,427.75 |
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Other accounts receivable |
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$213.71 |
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Prepaid expenses |
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$2,453.69 |
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Capital equipment less
depreciation |
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$658.30 |
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Computer equipment |
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$700.00 |
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Computer software |
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$103.95 |
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Accumulated depreciation |
($145.65) |
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Total assets: |
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$55,311.97 |
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Massachusetts Chess Association |
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Balance Sheet |
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As of September 30th 2002 |
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LIABILITIES: |
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Accounts payable |
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$7.50 |
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Unearned advertising
revenue |
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$673.33 |
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Total liabilities |
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$680.83 |
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FUND BALANCES: |
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General Fund |
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$8,208.17 |
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Life Membership Fund |
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$27,020.44 |
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Future Year Membership
Fund |
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$304.00 |
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FY03 |
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$158.00 |
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FY04 |
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$98.00 |
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FY05 |
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$48.00 |
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Living Memorial Chess Fund |
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$12,563.72 |
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Comeau Fund |
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$846.94 |
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Hurvitz Fund, Principal |
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$3,625.00 |
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Hurvitz Fund, Interest |
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$1,322.87 |
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Prison Chess Fund |
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$81.70 |
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Capital Equipment Fund |
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$658.30 |
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Total fund balances |
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$54,631.14 |
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Total liabilities and
fund balances |
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$55,311.97 |
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Massachusetts Chess Association |
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Statement of Changes in Fund
Balances |
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October, 2002 |
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Fund balance |
Plus: |
Plus: |
Fund balance |
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10-1-2002 |
Net Income |
Unrealized gain |
10-31-2002 |
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General Fund |
$7,481.86 |
$726.31 |
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$8,208.17 |
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Life Membership Fund |
$27,960.23 |
$0.00 |
($939.79) |
$27,020.44 |
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Future Year memberships: |
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FY03 |
$177.75 |
($19.75) |
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$158.00 |
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FY04 |
$98.00 |
$0.00 |
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$98.00 |
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FY05 |
$48.00 |
$0.00 |
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$48.00 |
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Living Memorial Chess Fund |
$13,242.02 |
($52.25) |
($626.05) |
$12,563.72 |
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Comeau Fund |
$845.67 |
$1.27 |
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$846.94 |
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Hurvitz Fund, Principal |
$3,625.00 |
$0.00 |
$0.00 |
$3,625.00 |
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Hurvitz Fund, Interest |
$1,317.85 |
$5.02 |
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$1,322.87 |
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Prison Chess Fund |
$724.45 |
($642.75) |
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$81.70 |
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Capital Equipment Fund |
$672.84 |
($14.54) |
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$658.30 |
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Total fund balances |
$56,193.67 |
$3.31 |
($1,565.84) |
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