Friends of the Museums of Florida History, Inc

Financial Report thru August 2011

Balance Sheet Prev Year Comparison
As of August 31, 2011
Aug 31, 11 Aug 31, 10
Assets    
Current Assets    
Checking/Savings    
Wachovia - Viva Florida 250.00 0.00
Wachovia - Restricted Account 62,778.74 62,396.36
Wachovia - FMFH 36,190.62 21,814.88
Wachovia - Florida Heritage Mag 153.11 8,694.35
Wachovia - Florida History Shop 66,785.16 52,143.20
Wachovia - Knott House 11,531.15 10,794.63
Cash Drawer 450.00 650.00
PayPal Account 250.00 250.00
Total Checking/Savings 178,388.78 156,743.42
Accounts Receivable
Accounts Receivable 112.57 0.00
Total Accounts Receivable 112.57 0.00
Other Current Assets
Tenant Advance for Equipment 0.00 892.81
Inventory 78,089.84 72,119.03
Total Other Current Assets 78,089.84 73,011.84
Total Current Assets 256,591.19 229,755.26
Fixed Assets
Accumulated Depreciation -56,849.47 -51,745.63
Equipment 66,484.72 66,484.72
Renovations 8,599.15 8,599.15
Total Fixed Assets 18,234.40 23,338.24
Other Assets
James Knott Maint. Endowment-W 138,598.52 125,508.51
JCharles Knott Cultural Endow-W 439,425.69 427,917.32
Total Other Assets 578,024.21 553,425.83
TOTAL ASSETS 852,849.80 806,519.33
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
*Accounts Payable 0.00 46.80
Total Accounts Payable 0.00 46.80
Other Current Liabilities
Payroll Liabilities 51.68 30.04
Sales Tax Payable 860.88 598.94
Total Other Current Liabilities 912.56 628.98
Total Current Liabilities 912.56 675.78
Total Liabilities 912.56 675.78
Equity
Retained Earnings 128,820.99 48,470.94
Temp Restricted Net Assets 481,949.80 481,949.80
Unrestricted Net Assets 249,895.36 258,430.60
Net Income -8,728.91 16,992.21
Total Equity 851,937.24 805,843.55
TOTAL LIABILITIES & EQUITY 852,849.80 806,519.33
Profit & Loss by Class
July through August 2011
Gift Shops Knott House Membership MFH Restricted Total
Ordinary Income/Expense
Income
Contribution Income 0.00 46.00 0.00 2,990.16 0.00 3,036.16
CSO Administration Fund 0.00 0.00 0.00 417.60 0.00 417.60
Education Program Income 0.00 80.00 0.00 541.70 0.00 621.70
Facility Use/Reception Income 0.00 0.00 0.00 682.66 0.00 682.66
Gift Shop Sales Income 24,406.75 24.50 0.00 0.00 0.00 24,431.25
Investment Income 0.00 -8,657.09 0.00 0.00 0.00 -8,657.09
Membership Income 0.00 0.00 804.45 0.00 0.00 804.45
Parking Income 0.00 0.00 0.00 1,154.00 0.00 1,154.00
Total Income 24,406.75 -8,506.59 804.45 5,786.12 0.00 22,490.73
Cost of Goods Sold
Change in Inventory Adjustment -4,225.10 0.00 0.00 0.00 0.00 -4,225.10
Cost of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00
Purchases 10,032.35 0.00 0.00 0.00 0.00 10,032.35
Total COGS 5,807.25 0.00 0.00 0.00 0.00 5,807.25
Gross Profit 18,599.50 -8,506.59 804.45 5,786.12 0.00 16,683.48
Expense
Education Program Expenses 0.00 987.36 20.00 1,991.26 0.00 2,998.62
Exhibit Expenses 0.00 0.00 0.00 809.34 0.00 809.34
General & Administrative Exp. 19,442.28 260.81 0.00 500.19 0.00 20,203.28
Knott House Restricted End. 0.00 350.11 0.00 725.40 0.00 1,075.51
Volunteer Program 0.00 0.00 0.00 409.17 0.00 409.17
Total Expense 19,442.28 1,598.28 20.00 4,435.36 0.00 25,495.92
Net Ordinary Income -842.78 -10,104.87 784.45 1,350.76 0.00 -8,812.44
Other Income/Expense
Other Income
Interest 0.00 0.00 0.00 0.00 36.28 36.28
Sales Tax Commission 47.25 0.00 0.00 0.00 0.00 47.25
Total Other Income 47.25 0.00 0.00 0.00 36.28 83.53
Net Other Income 47.25 0.00 0.00 0.00 36.28 83.53
Net Income -795.53 -10,104.87 784.45 1,350.76 36.28 -8,728.91
Profit & Loss by Class
July through August 2010
Gift Shops Knott House Membership MFH Restricted Total
Ordinary Income/Expense
Income
Contribution Income 0.00 178.77 0.00 3,409.11 250.00 3,837.88
CSO Administration Fund 0.00 0.00 0.00 25.60 0.00 25.60
Exhibit Income 0.00 0.00 0.00 2,503.25 0.00 2,503.25
Education Program Income 0.00 125.00 0.00 9,178.95 0.00 9,303.95
Facility Use/Reception Income 0.00 0.00 0.00 590.37 0.00 590.37
Gift Shop Sales Income 23,423.76 32.00 0.00 0.00 0.00 23,455.76
Investment Income 0.00 16,841.26 0.00 0.00 0.00 16,841.26
Membership Income 0.00 0.00 1,105.55 0.00 0.00 1,105.55
Parking Income 0.00 0.00 0.00 1,232.50 0.00 1,232.50
Special Event Income 0.00 0.00 0.00 280.00 0.00 280.00
Volunteer Program Income 0.00 0.00 0.00 30.00 0.00 30.00
Total Income 23,423.76 17,177.03 1,105.55 17,249.78 250.00 59,206.12
Cost of Goods Sold
Change in Inventory Adjustment -9,864.25 0.00 0.00 0.00 0.00 -9,864.25
Purchases 15,188.13 0.00 0.00 0.00 0.00 15,188.13
Total COGS 5,323.88 0.00 0.00 0.00 0.00 5,323.88
Gross Profit 18,099.88 17,177.03 1,105.55 17,249.78 250.00 53,882.24
Expense
Education Program Expenses 0.00 621.24 0.00 5,994.51 0.00 6,615.75
Exhibit Expenses 0.00 0.00 0.00 6,296.55 0.00 6,296.55
General & Administrative Exp. 20,013.16 254.75 0.00 1,710.67 0.00 21,978.58
Knott House Restricted End. 0.00 432.00 0.00 0.00 0.00 432.00
Special Event Expenses 0.00 0.00 0.00 540.00 0.00 540.00
Volunteer Program 0.00 0.00 0.00 1,095.63 0.00 1,095.63
Total Expense 20,013.16 1,307.99 0.00 15,637.36 0.00 36,958.51
Net Ordinary Income -1,913.28 15,869.04 1,105.55 1,612.42 250.00 16,923.73
Other Income/Expense
Other Income
Interest 0.00 0.00 0.00 0.00 26.44 26.44
Sales Tax Commission 42.04 0.00 0.00 0.00 0.00 42.04
Total Other Income 42.04 0.00 0.00 0.00 26.44 68.48
Net Other Income 42.04 0.00 0.00 0.00 26.44 68.48
Net Income -1,871.24 15,869.04 1,105.55 1,612.42 276.44 16,992.21
Profit & Loss Prev Year Comparison
July through August 2011
Jul - Aug 11 Jul - Aug 10
Ordinary Income/Expense
Income
Contribution Income 3,036.16 3,837.88
CSO Administration Fund 417.60 25.60
Exhibit Income 0.00 2,503.25
Education Program Income 621.70 9,303.95
Facility Use/Reception Income 682.66 590.37
Gift Shop Sales Income 24,431.25 23,455.76
Investment Income -8,657.09 16,841.26
Membership Income 804.45 1,105.55
Parking Income 1,154.00 1,232.50
Special Event Income 0.00 280.00
Volunteer Program Income 0.00 30.00
Total Income 22,490.73 59,206.12
Cost of Goods Sold
Change in Inventory Adjustment -4,225.10 -9,864.25
Cost of Goods Sold 0.00 0.00
Purchases 10,032.35 15,188.13
Total COGS 5,807.25 5,323.88
Gross Profit 16,683.48 53,882.24
Expense
Education Program Expenses 2,998.62 6,615.75
Exhibit Expenses 809.34 6,296.55
General & Administrative Exp. 20,203.28 21,978.58
Knott House Restricted End. 1,075.51 432.00
Special Event Expenses 0.00 540.00
Volunteer Program 409.17 1,095.63
Total Expense 25,495.92 36,958.51
Net Ordinary Income -8,812.44 16,923.73
Other Income/Expense
Other Income
Interest 36.28 26.44
Sales Tax Commission 47.25 42.04
Total Other Income 83.53 68.48
Net Other Income 83.53 68.48
Net Income -8,728.91 16,992.21