The Graybeards - KWVA - Korean War Veterans Association
The Graybeards - KWVA - Korean War Veterans Association
The Graybeards - KWVA - Korean War Veterans Association
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ASSETS<br />
CURRENT ASSETS<br />
CASH IN BANKBANK ONECKNG $ 15,040.88<br />
CASHBANK ONESAVINGS 67,196.40<br />
BANK ONE SVGS-1578460451 603,021.80<br />
TOTAL CURRENT ASSETS 685,259.08<br />
FIXED ASSETS<br />
COMMEMORATIVE ASSETS 3,000.00<br />
OFFICE EQUIPMENT 1,907.00<br />
LESS ACCUMULATED DEPRECIATION (839.08)<br />
TOTAL FIXED ASSETS 4,067.92<br />
TOTAL ASSETS $ 689,327.00<br />
LIABILITIES AND FUND BALANCES<br />
FUND BALANCES<br />
GENERAL FUND 514,835.13<br />
LIFE MEMBERSHIP FUND 94,139.60<br />
CURRENT EARNINGS 80,352.27<br />
TOTAL FUND BALANCES 689,327.00<br />
TOTAL LIABILITIES<br />
AND FUND BALANCES $ 689,327.00<br />
INCOME<br />
STATEMENT OF ACTIVITY - CASH BASIS<br />
For the 3 Months Ended March 31, 2003<br />
3 Months Ended 3 Months Ended<br />
March 31, 2003 March 31, 2003<br />
MEMBERSHIP $ 96,698.08 $ 96,698.08<br />
DONATIONS - GRAYBEARDS 2,939.89 2,939.89<br />
INTEREST 3,703.03 3,703.03<br />
SPECIAL DONATION 44,360.95 44,360.95<br />
TOTAL INCOME 150,346.95 150,346.95<br />
KOREAN WAR VETERANS ASSOCIATION, INC.<br />
STATEMENT OF ASSETS, LIABILITIES, AND FUND BALANCES CASH BASIS<br />
As of 3 Months Ended March 31, 2003<br />
OPERATING EXPENSES<br />
TELEPHONE 671.30 671.30<br />
OFFICE SUPPLIES 434.99 434.99<br />
INSURANCE 14,174.00 14,174.00<br />
REPAIRS & MAINTENANCE 895.17 895.17<br />
GRAYBEARDS 26,313.19 26,313.19<br />
ACCOUNTING FEES 500.00 500.00<br />
VA/VS REP 724.00 724.00<br />
MEETING EXPENSE 130.07 130.07<br />
REUNION 2,601.17 2,601.17<br />
NOMINATORY ELECTIONS 16.17 16.17<br />
CONTRACT LABOR 250.00 250.00<br />
UTILITIES 541.75 541.75<br />
DEPRECIATION 839.08 839.08<br />
BANK SERVICE CHARGES 411.58 411.58<br />
POSTAGE 439.77 439.77<br />
PRESIDENT TRAVEL FUND 1,863.97 1,863.97<br />
SPECIAL DONATION 925.12 925.12<br />
CHAPTER EXPENSE 2,550.28 2,550.28<br />
MEMBERSHIP 14,513.07 14,513.07<br />
GOODWILL #1 * 200.00 200.00<br />
GOODWILL #2 * 1,000.00 1,000.00<br />
TOTAL OPERATING 69,994.68 69,994.68<br />
EXPENSES<br />
REVENUE OVER<br />
(UNDER) EXPENSES $ 80,352.27 $ 80,352.27<br />
* GOODWILL#1 FLAG PINS, NAME TAGS, ETC.<br />
* GOODWILL#2 SCHOLARSHIPS<br />
“Keep <strong>The</strong> Memory Alive”<br />
Unique “hand-crafted” heirlooms of the Forgotten <strong>War</strong><br />
manufactured in the USA by America’s Finest Craftsman<br />
Each Piece individually handcrafted.<br />
(251) 961-1384<br />
Notice: When calling an officer or the editor and you are leaving<br />
a message on an answering machine, speak slowly and leave<br />
your name and phone number twice. We are having problems<br />
responding because of not hearing your phone number clearly.<br />
Lapel pin / Hat-Pin<br />
$10.50<br />
For other exciting gifts, visit our web page www.kwv.org<br />
Send payment with order.<br />
Include $4.50 for S&H Charges. MA residents add 5% Sales Tax.<br />
Price includes deluxe gift box.<br />
Cape-Co. Inc., P.O. Box 7908, North Port, FL 34287<br />
Tel: (941) 426-8117<br />
E-Mail info@kwv.org<br />
“Owned and operated by a <strong>Korean</strong> <strong>War</strong> Veteran”<br />
May/June, 2003 Page 11