|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actual |
|
Budget |
|
% of Budget |
|
Ordinary Income/Expense |
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
|
INC Conferences |
142,580 |
|
114,250 |
|
125% |
|
|
|
|
Investment Income |
10,331 |
|
5,500 |
|
188% |
|
|
|
|
Membership Dues |
22,626 |
|
19,500 |
|
116% |
|
|
|
|
Other Income |
368 |
|
100 |
|
368% |
|
|
|
|
Shipping and Handling |
17,926 |
|
8,000 |
|
224% |
|
|
|
|
Products |
115,245 |
|
62,000 |
|
186% |
|
|
|
|
Publications Sales |
5,411 |
|
6,000 |
|
90% |
|
|
|
|
Sponsor Dues and Donations |
29,660 |
|
16,000 |
|
185% |
|
|
|
Total Income |
344,147 |
|
231,350 |
|
149% |
|
|
|
Cost of Goods Sold |
|
|
|
|
|
|
|
|
|
PhD Seminar in System Dynamics |
7,909 |
|
|
|
|
|
|
|
|
Management Game |
20,424 |
|
13,000 |
|
157% |
|
|
|
|
Bibliography Update Expense |
417 |
|
1,000 |
|
42% |
|
|
|
|
Fireside Chat |
56 |
|
|
|
|
|
|
|
|
Proceedings 2000 |
1,056 |
|
|
|
|
|
|
|
Total COGS |
29,862 |
|
14,000 |
|
213% |
|
|
Gross Profit |
314,285 |
|
217,350 |
|
145% |
|
|
|
Expense |
|
|
|
|
|
|
|
|
|
Awards |
11,020 |
|
2,000 |
|
551% |
|
|
|
|
Bank Adjustments (Expense) |
25 |
|
100 |
|
25% |
|
|
|
|
Contract with Univ at Albany |
111,211 |
|
111,211 |
|
100% |
|
|
|
|
Credit card fees |
7,709 |
|
4,000 |
|
193% |
|
|
|
|
Electronic Presence Support |
0 |
|
25,000 |
|
0% |
|
|
|
|
EXP Conferences |
43,256 |
|
45,151 |
|
96% |
|
|
|
|
Journal Expense |
12,000 |
|
12,000 |
|
100% |
|
|
|
|
Membership Directory Exp |
3,782 |
|
4,700 |
|
80% |
|
|
|
|
Membership Services |
2,995 |
|
2,500 |
|
120% |
|
|
|
|
Membership Subsidies |
6,120 |
|
2,000 |
|
306% |
|
|
|
|
Miscellaneous Expense |
15 |
|
500 |
|
3% |
|
|
|
|
Office Equipment Purchases |
3,477 |
|
3,000 |
|
116% |
|
|
|
|
Officer Expenses |
5,511 |
|
10,000 |
|
55% |
|
|
|
|
Phone, Fax, E-mail Services |
133 |
|
|
|
|
|
|
|
|
Printing & Duplicating |
2,392 |
|
6,000 |
|
40% |
|
|
|
|
Professional Fees |
18,897 |
|
7,000 |
|
270% |
|
|
|
|
Shipping /Postage Expense |
11,341 |
|
7,500 |
|
151% |
|
|
|
|
Supplies |
1,072 |
|
800 |
|
134% |
|
|
|
Total Expense |
240,956 |
|
243,462 |
|
99% |
|
Net Ordinary Income |
73,329 |
|
-26,112 |
|
-281% |
Net Income |
|
|
73,329 |
|
-26,112 |
|
-281% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|