IJA Financial Statement
December 31, 2004

			BALANCE SHEET
					Dec 31, 04
ASSETS
	Current Assets
		Checking/Savings
			Guaranty Bank		1,916.37
			Netbank		53,491.37
			Paypal		9,290.95
			Vanguard
				VG - Archive Account	36,800.30
				VG - General Account	465.65
				VG - Life Member New	10,478.46
				VG - Life Member Old	72,230.25
			Total Vanguard		119,974.66
		Total Checking/Savings			184,673.35
		Accounts Receivable
			Accounts Receivable		822.91
		Total Accounts Receivable			822.91
		Other Current Assets
			Computer Software		419.95
			Inventory Asset		1,848.58
			Insurance Paid
				General Liability	176.02
				D&O Liability	241.63
			Total Insurance Paid		417.65
			Registration Fees		137.48
		Total Other Current Assets			2,823.66
	Total Current Assets				188,319.92
TOTAL ASSETS					188,319.92
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				Accounts Payable	871.50
			Total Accounts Payable		871.50
			Credit Cards
				American Express	144.34
			Total Credit Cards		144.34
		Total Current Liabilities			1,015.84
	Total Liabilities				1,015.84
	Equity
		Opening Bal Equity			148,566.00
		Retained Earnings			1,643.24
		Net Income			37,094.84
	Total Equity				187,304.08
TOTAL LIABILITIES & EQUITY					188,319.92

			INCOME STATEMENT
							Jan - Mar 04	Apr - Jun 04	Jul - Sep 04	Oct - Dec 04	TOTAL
	Ordinary Income/Expense
			Income
				Festival Income			0.00	0.00	124,884.00	0.00	124,884.00
				Donations
					Festival		157.00	2,159.98	0.00	0.00	2,316.98
					Special Olympics		0.00	1,850.00	0.00	0.00	1,850.00
					General Fund		21.00	8.00	150.00	110.00	289.00
				Total Donations			178.00	4,017.98	150.00	110.00	4,455.98
				Membership
					Adult		15,198.00	9,532.00	8,787.00	8,076.00	41,593.00
					Youth		1,428.00	987.00	1,037.50	736.00	4,188.50
					Family		670.00	370.00	340.00	210.00	1,590.00
					Life		0.00	1,500.00	0.00	1,500.00	3,000.00
					Adjustments		7.00	0.00	9.00	0.00	16.00
				Total Membership			17,303.00	12,389.00	10,173.50	10,522.00	50,387.50
				Interest
					American Express		0.73	0.00	0.00	0.00	0.73
					Netbank		77.66	170.06	208.15	150.56	606.43
					Paypal		17.45	4.65	3.59	5.19	30.88
					Vanguard
						General	0.86	0.89	1.38	1.98	5.11
					Total Vanguard		0.86	0.89	1.38	1.98	5.11
				Total Interest			96.70	175.60	213.12	157.73	643.15
				Merchandise
					Other Merchandise
						Golf Shirt	0.00	0.00	1,180.00	0.00	1,180.00
						Board Minutes CD	5.45	0.00	0.00	0.00	5.45
						Hat	3.00	0.00	0.00	0.00	3.00
						T-shirts	59.00	50.00	469.00	12.00	590.00
						Other Merchandise - Other	0.00	0.00	191.00	0.00	191.00
					Total Other Merchandise		67.45	50.00	1,840.00	12.00	1,969.45
					Juggle Magazines
						May/Jun 2001	0.00	0.00	0.00	5.00	5.00
						Mar/Apr 2001	0.00	0.00	0.00	5.00	5.00
						Nov/Dec 2000	0.00	0.00	0.00	5.00	5.00
						Jul/Aug 2002	0.00	0.00	0.00	10.00	10.00
						May/Jun 2002	0.00	0.00	0.00	5.00	5.00
						Jan/Feb 2002	0.00	0.00	0.00	5.00	5.00
						Sep/Oct 2004	0.00	0.00	0.00	20.00	20.00
						Jan/Feb 2001	0.00	0.00	5.00	0.00	5.00
						Jul/Aug 2004	0.00	0.00	5.00	5.00	10.00
						Sep/Oct 2000	0.00	0.00	5.00	0.00	5.00
						Jul/Aug 2000	0.00	0.00	5.00	0.00	5.00
						May/Jun 2000	0.00	0.00	5.00	5.00	10.00
						Mar/Apr 2000	0.00	0.00	5.00	5.00	10.00
						Nov/Dec 1999	0.00	0.00	5.00	0.00	5.00
						Sep/Oct 1999	0.00	0.00	5.00	0.00	5.00
						Nov/Dec 1998	0.00	0.00	5.00	0.00	5.00
						Sep/Oct 1998	0.00	0.00	5.00	0.00	5.00
						Sep/Oct 2002	0.00	5.00	0.00	0.00	5.00
						Nov/Dec 2002	0.00	5.00	0.00	5.00	10.00
						May/Jun 2003	0.00	10.00	7.00	5.00	22.00
						Mar/Apr 2004	0.00	15.00	5.00	15.00	35.00
						Jan/Feb 1999	0.00	5.00	5.00	0.00	10.00
						Jul/Aug 1998	5.00	0.00	5.00	0.00	10.00
						Mar/Apr 1999	5.00	0.00	5.00	0.00	10.00
						Jan/Feb 2000	0.00	5.00	5.00	0.00	10.00
						Sep/Oct 2001	5.00	0.00	0.00	0.00	5.00
						Mar/Apr 2003	65.00	0.00	0.00	0.00	65.00
						Jul/Aug/Sep/Oct 2003	30.00	22.50	5.00	10.00	67.50
						Nov/Dec 2003	25.00	10.00	5.00	10.00	50.00
						Jan/Feb 2004	35.00	10.00	10.00	14.00	69.00
						May/Jun 2004	0.00	115.00	0.00	5.00	120.00
						Juggle Magazines - Other	41.00	70.00	444.00	0.00	555.00
					Total Juggle Magazines		211.00	272.50	546.00	134.00	1,163.50
					Shipping
						Juggle	70.50	46.30	38.00	50.00	204.80
						Video	259.65	124.61	446.50	624.00	1,454.76
						Shipping - Other	0.00	3.00	48.20	217.75	268.95
					Total Shipping		330.15	173.91	532.70	891.75	1,928.51
					Video
						1988-2002	1,222.00	812.00	120.00	555.00	2,709.00
						2003	0.00	0.00	0.00	75.00	75.00
						2004 Numbers	0.00	0.00	15.00	0.00	15.00
						2004 Quad Pack	0.00	0.00	260.00	710.00	970.00
						2004 Highlights	0.00	0.00	135.00	289.00	424.00
						2004 Championships	0.00	0.00	85.00	315.00	400.00
						2004 Youth Showcase	0.00	0.00	15.00	15.00	30.00
						2004 Twinpack	0.00	0.00	850.00	1,190.00	2,040.00
						2004	0.00	0.00	4,425.00	1,702.50	6,127.50
						JTJW	0.00	0.00	1,970.00	1,567.50	3,537.50
						1988 Highlights	20.00	0.00	0.00	0.00	20.00
						1989 Championships	50.00	20.00	0.00	0.00	70.00
						1989 Highlights	20.00	40.00	0.00	0.00	60.00
						1990 Championships	45.00	50.00	0.00	0.00	95.00
						1990 Highlights	20.00	0.00	0.00	0.00	20.00
						1991 Championships	30.00	40.00	0.00	0.00	70.00
						1991 Highlights	120.00	50.00	0.00	0.00	170.00
						1992 Highlights	60.00	0.00	0.00	0.00	60.00
						1993 Championships	10.00	30.00	0.00	0.00	40.00
						1993 Highlights	20.00	20.00	0.00	0.00	40.00
						1993 Juniors	0.00	10.00	0.00	0.00	10.00
						1994 Championships	10.00	30.00	0.00	50.00	90.00
						1994 Highlights	40.00	0.00	0.00	50.00	90.00
						1995 Championships	80.00	20.00	0.00	65.00	165.00
						1995 Highlights	40.00	0.00	0.00	45.00	85.00
						1996 Championships	40.00	40.00	0.00	45.00	125.00
						1996 Highlights	20.00	10.00	0.00	45.00	75.00
						1997 Championships	30.00	30.00	10.00	45.00	115.00
						1997 Highlights	70.00	20.00	20.00	45.00	155.00
						1998 Championships	32.00	0.00	0.00	0.00	32.00
						1998 Highlights	0.00	37.00	0.00	0.00	37.00
						1999 Championships	30.00	100.00	0.00	0.00	130.00
						1999 Highlights	0.00	35.00	0.00	0.00	35.00
						2000 Championships	60.00	40.00	0.00	0.00	100.00
						2000 Highlights	0.00	35.00	0.00	0.00	35.00
						2001 Championships	60.00	30.00	30.00	30.00	150.00
						2001 Highlights	70.00	55.00	0.00	35.00	160.00
						2002 Championships	110.00	30.00	60.00	20.00	220.00
						2002 Highlights	135.00	20.00	0.00	80.00	235.00
						2002 Youth Showcase	0.00	20.00	0.00	0.00	20.00
						2003 Championships DVD	1,240.00	540.00	365.00	150.00	2,295.00
						2003 Highlights DVD	1,101.00	735.00	515.00	300.00	2,651.00
						2003 Numbers	20.00	40.00	0.00	0.00	60.00
						2003 Youth Showcase VHS	10.00	20.00	0.00	20.00	50.00
						Best of Club Renegade	20.00	20.00	0.00	0.00	40.00
						Best of Seniors	1,390.00	60.00	45.00	110.00	1,605.00
						Three Ball Juggling	70.00	20.00	90.00	170.00	350.00
						Video - Other	2,050.00	0.00	1,742.50	45.00	3,837.50
					Total Video		7,123.00	2,247.00	10,632.50	7,214.00	27,216.50
					Merchandise - Other		0.00	39.00	166.00	58.50	263.50
				Total Merchandise			7,731.60	2,782.41	13,717.20	8,310.25	32,541.46
			Total Income				25,309.30	19,364.99	149,137.82	19,099.98	212,912.09
			Cost of Goods Sold
				Cost of Goods Sold			0.00	0.00	158.25	103.40	261.65
			Total COGS				0.00	0.00	158.25	103.40	261.65
		Gross Profit					25,309.30	19,364.99	148,979.57	18,996.58	212,650.44
			Expense
				Merchandising
					Golf Shirts		0.00	0.00	1,010.29	0.00	1,010.29
				Total Merchandising			0.00	0.00	1,010.29	0.00	1,010.29
				Festival Expenses			0.00	0.00	76,575.77	0.00	76,575.77
				Juggle
					Payments		16,090.11	16,202.46	16,249.49	16,251.90	64,793.96
				Total Juggle			16,090.11	16,202.46	16,249.49	16,251.90	64,793.96
				Insurance
					Liability		0.00	6.00	81.99	87.99	175.98
					D&O Liability		483.34	725.01	725.01	725.01	2,658.37
					Treasurer Bond		25.00	0.00	0.00	0.00	25.00
				Total Insurance			508.34	731.01	807.00	813.00	2,859.35
				Bank Charges
					Credit Card		249.57	998.56	836.00	26.49	2,110.62
					Netbank		6.57	0.00	1.00	0.00	7.57
					Paypal		746.30	462.02	290.02	534.60	2,032.94
					Bank Charges - Other		0.00	0.00	7.00	0.00	7.00
				Total Bank Charges			1,002.44	1,460.58	1,134.02	561.09	4,158.13
				Office Supplies
					Membership		15.07	25.00	28.63	5.49	74.19
					Office Supplies - Other		0.00	0.00	0.00	-200.00	-200.00
				Total Office Supplies			15.07	25.00	28.63	-194.51	-125.81
				Postage
					Affiliates		24.25	30.25	0.00	0.00	54.50
					Juggle Replacement		3.85	7.70	26.95	7.70	46.20
					Membership		1,242.96	250.42	293.03	262.39	2,048.80
					Returns		12.60	2.10	15.40	18.20	48.30
					Postage - Other		20.00	27.80	4.30	0.00	52.10
				Total Postage			1,303.66	318.27	339.68	288.29	2,249.90
				Corporate Expenses
					Employee Appreciation		0.00	0.00	108.25	54.13	162.38
					Company Corporation		34.38	34.38	34.38	34.38	137.52
					Payroll Expenses		25.00	0.00	0.00	0.00	25.00
					State of Delaware		25.00	0.00	0.00	0.00	25.00
				Total Corporate Expenses			84.38	34.38	142.63	88.51	349.90
				Video
					Production		0.00	0.00	8,690.00	4,625.52	13,315.52
					Handling		59.00	56.00	45.00	144.00	304.00
					Reproduction		332.72	92.00	52.00	650.00	1,126.72
					Royalties		1,020.00	830.00	3,448.00	0.00	5,298.00
					Storage		178.00	267.00	282.00	282.00	1,009.00
				Total Video			1,589.72	1,245.00	12,517.00	5,701.52	21,053.24
				Communications
					Cell Phones		507.47	487.17	960.66	263.14	2,218.44
					Fax		25.90	38.85	38.85	38.85	142.45
					Telephone - Board		317.43	193.96	112.29	153.82	777.50
					Web Hosting		60.00	60.00	121.88	145.85	387.73
					PO Box		63.00	63.00	126.00	0.00	252.00
				Total Communications			973.80	842.98	1,359.68	601.66	3,778.12
				Shipping			407.38	277.82	410.12	1,305.49	2,400.81
			Total Expense				21,974.90	21,137.50	110,574.31	25,416.95	179,103.66
	Net Ordinary Income						3,334.40	-1,772.51	38,405.26	-6,420.37	33,546.78
Net Income							3,334.40	-1,772.51	38,405.26	-6,420.37	33,546.78


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IJA Financial Statement December 31, 2004

IJA Financial Statement
December 31, 2004