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USCTA
Financial Report 2008-2009
Page 10
The United States Court Tennis Association, Inc: Statements of Financial Position Cash Basis September 30, 2009 and 2008
ASSETS 2009 2008
Cash $ 80,927 $ 65,691
Prepaid Insurance - Note 2 8,401 8,619
TOTAL CURRENT ASSETS 89,328 74,310
PROPERTY AND EQUIPMENT, AT COST
Equipment 3,900 3,900
Less: Accumulated Depreciation (3,900) (3,900)
Total Property and Equipment, Net 0 0
TOTAL ASSETS $ 89,328 $ 74,310
LIABILITIES AND NET ASSETS
Unrestricted $ 89,328 $ 74,310
TOTAL LIABILITIES AND NET ASSETS $ 89,328 $ 74,310
The United States Court Tennis Association, Inc: Statements of Activities Cash Basis For the years ended September 30, 2009 and 2008
UNRESTRICTED
REVENUE 2009 2008
Membership Dues $ 51,410 $ 50,600
Grant Income 0 36,744
Auction Income 18,475 32,100
TOTAL REVENUE 69,885 119,444
EXPENSES
Prizes and Tournament Expenses 26,825 38,417
Special Events 1,212 2,200
Stationery, Printing, Postage, Photography, and Office Expenses 1,771 3,438
Newsletter & Reports 17,755 17,070
Sub-Contract 3,270 4,967
Professional Fees 1,150 1,150
Meeting and Travel Expense 1,282 1,687
Gifts and Donations 0 2,000
Insurance 3,534 3,534
Miscellaneous 645 579
TOTAL EXPENSES 57,454 75,042
INCOME FROM OPERATIONS 12,431 44,402
OTHER INCOME (EXPENSE)
Interest Income 1,613 0
Interest Income 974 527
CHANGE IN NET ASSETS 15,018 44,929
NET ASSETS, OCTOBER 1 74,310 29,381
NET ASSETS, SEPTEMBER 30 $ 89,328 $ 74,310
The accompanying notes are an integral part of these financial statements.