Hello everyone The present board hasn't had a meeting, (which we do by conference call), with all board member being there, yet. We hope to have at least one, if not two meetings before Oct 16. We have talked individually by phone and on the net. As some of you may have guessed, by what you have heard or read, there seems to be some miss communications and miss understandings already starting. To clear up some of these and in order to utilize all the skills and talents of this organization, like any good passing pattern, we need good communications and an effort to work together. What will follow will be a series of posts by me, over the next two days, of complied information, reports, agenda items, etc. Look forward to your suggestions and having discussions to help guide the IJA to having a stronger financial footing. My / our goal is to keep the IJA and juggling alive and well into the future, while rending assistance to fellow jugglers and to juggling. Here is our financial information at this time, prepared by our General Manager Norman Schneiderman. (nnn) Look forwarding to hearing from you This report is based on the budget that we posted on the discussion forum compared to where we stand year to date to Sept 20, 2002. Current Assets: Cash 60,238.63 Life Member Fund 82,558.93 Advance 1,500.00 Archival Fund 35,526.22 Inventory 31,591.39 -------------- TOTAL CURRENT ASSETS $ 211,415.17 Given the festival profit of $37,000 +, and our net profit to date of $26,392.96, I predict we can carry on business to the next festival. I do predict a close to break even year end. nnn TOTAL GENERAL INCOME $90,347 $69,223 FESTIVAL 2002 NET PROFIT/LOSS GENERAL & FEST -$37,687 $21,352
Here in New England we are enjoying a great-extended summer, as we move into fall. I hope you are all well in these uncertain times.
Paul Richmond
Chair of the IJA
Note the following, the festival income in the statement does not include the $ spent on Reading in 2001 which is $12,777.99 which gives a festival Reading profit of $37,547.84. Another outstanding job by our festival coordinator! It does include in the final line, the $ spent on the remainder of Madison (note the travel amount for Madison reflects a reimbursement expense for our festival coordinator that was missed being claimed until preparing this detailed report) and the prepaid expenses for festival 2003.
Our current cash position is as follows;
IJA 2002 Budget 2002 budget Year to date Sept 20
INCOME
WJD SPONSORSHIPS $0 $971
FESTIVAL FUND $0 $4,070
DONATIONS $2,035 $1,535
RANDII PROJECT $0 $210.00
MEMBERSHIP DUES $57,720 $45,256
INTRO $0 $171
LIFE MEMBER DONATIONS $0 $955
NEW LIFE MEMBER $0 $3,000
ARCHIVE DONATION $0 $21
INTEREST GENERAL FUND $300 $91
INTEREST ARCHIVE FUND $900 $318
INTEREST LIFE MEMBER FUND $0 $701
INEREST NEW LM $0 $12
ROSTER ADS $0 $550
JUGGLE ADS $1,000 $0
MERCHANDISE SOLD $1,080 $98
JUGGLE BACK ISSUES $1,014 $865
AUCTION $3,935 $2,529
SHIPPING $3,539 $1,456
VIDEO SALES $18,743 $11,455
AFFILIATES $80 $0
GENERAL EXPENSES
JUGGLE
POSTAGE $600 $169
PROFESSIONAL SERVICES $64,000 $43,298
TOTAL JUGGLE EXPENSE $64,600 $43,467
GENERAL ACCOUNT
INSURANCE $3,370 $3,577
ARCHIVES/AUCTION $1,031 $425
BUD'S KIDS $0 $266 AWARDS $101 $0
BANK CHARGES $1,002 $939
JUGGLE MAGAZINES $0 $108
EQUIPMENT RENTALS $103 $20
OFFICE SUPPLIES $818 $1,198
RANDII PROJECT $0 $1,050
WORLD JUGGLING DAY $0 $430
INVENTORY CHANGE
MISC $500 $47
POSTAGE $7,817 $5,916
PRINTING $4,214 $3,319
EMPLOYEE TAXES STATE / FED $5,722 $4,307
PROF SERVICES (ACCOUNTANT, GM ETC) $5,789 $8,155
VIDEO EXPENSE $15,390 $8,371
SALARIES $13,857 $10,393
TELEPHONE $4,087 $1,450
TELEPHONE BOARD $3,125 $1,630
SHIPPING $40 $0
TOTAL GENERAL EXPENSES $66,965 $51,602
NET GENERAL PROFIT LOSS -$41,218 -$25,846
FESTIVAL 2002 INCOME
ADULT EVENT PKGS $275 350 $96,250 $80,525
YOUTH EVENT PKGS $175 50 $8,750 $9,800
DAILY GYM PASSES $200 150 $30,000 $30,595
PARENT PARTNER PASSES $0 $735
SPECTATOR PASSES $0 $1,090
CHAMPIONSHIP ENTRY FEES $0 $240
JOGGLING ENTRY FEES $0 $360
NUMBERS ENTRY FEES $0 $70
BILJAUR WORKSHOP $0 $1,200
MONTANARO WORKSHOP $0 $1,400
WALDO & WOODHEAD $20 150 $3,000 $3,950
YOUTH SHOWCASE/JUNIORS $15 150 $2,250 $2,648
INDIVIDUALS/TEAMS $20 300 $6,000 $8,060
FRIDAY NIGHT SHOW $20 300 $6,000 $4,838
CASCADE OF STARS $25 300 $7,500 $13,422
PARKING $0 $2,955
BUSES $12 200 $2,400 $360
T-SHIRTS $15 200 $3,000 $3,648
FESTIVAL BUTTONS $0 $157
VENDORS $245 25 $6,125 $5,323
TOTAL FESTIVAL 2002 INCOME $171,275 $171,374
FESTIVAL 2002 EXPENSES
ADVERTISING AND PROMOTION $1,500 $0
AWARDS $500 $0
BANK CHARGES $3,000 $2,319
CHAMPIONSHIPS $5,450 $4,287
EQUIPMENT RENTAL $5,350 $1,379
TOTAL FACILITY $19,452 $27,618
TOTAL THEATRE $25,028 $0
INSURANCE $3,900 $2,604
MERCHANDISE FOR RESALE $6,100 $7,862
MISCELLANEOUS $3,600 $7,142
OFFICE SUPPLIES $400 $643
POSTAGE $4,600 $3,015
PRINTING $9,850 $7,438
PROFESSIONAL SERVICES $14,900 $13,560
SALARY/COORDINATOR $25,000 $12,595
EMPLOYEE TAXES STATE / FED $0 $5,460
TELEPHONE $4,000 $2,345
VIDEOS TO COS PERFORMERS $400 $0
TRACK RENTAL $100 $0
TRAVEL & ENTERTAINMENT $28,909 $22,781
REFRESHMENTS - CHAMPIONSHIPS/JOGGLING $250 $0
BOARD OF DIRECTORS $5,455 $0
TOTAL FESTIVAL 2002 EXPENSES $167,744 $121,048
MADISON FESTIVAL
PRINTING $0 $84
TRAVEL EXPENSES $0 $677
TOTAL MADISON FESTIVAL EXPENSE $761
FESTIVAL 2003
TELEPHONE $0 $28
TRAVEL EXPENSE $0 $97
EMPLOYEE TAXES STATE / FED $0 $668
SALARIES $0 $1,574
TOTAL FESTIVAL 2003 $2,368
NET PROFIT/LOSS FESTIVAL $3,531 $47,198