NACCS 2016 Conference Asset and Liability Report:
Year-to-Date As of March 31, 2016
As of March 31, 2016, NACCS Assets totaled $143,828.20. This total includes a checking account balance of $80,321.32, the Antonia Casteñeda endowment worth $22,974.88, donations ($3221), membership dues paid ($33,561), and web advertisements ($3750). The liabilities include all operating expenses, the Antonia Casteñeda endowment, a portion of the 2016 Annual Conference expenses (the reminder of which will be included in the next quarterly report), expenses for the NACCS Board Mid-year meeting and Chair-Elect/Past Chair program meeting, Foco payments and rebates for 2016 ($1595), and caucus dues and payments. The Net Worth of NACCS is $80,321.32.
Corrected June 1, 2016 (see correction below)
The annual financial reporting cycle (fiscal year) of NACCS is from July 1 to June 30.
ASSETS Checking Account
July 1, 2015 – [23,400.83]
March 31, 2016 – 80,321.32
2016 Conference Income – 87,010
Antonia Casteñeda Endowment
Edward Jones Investments – Calvert
June 26, 2015 – [23,917.40]
March 24, 2016 – 22,974.88
Donations Total – 3221
Student Support – 442
Development Fund – 50
Legal Defense Fund – 5
Immigrant BECA Award – 457
Conference Support – 915
NACCS Endowment – 100
Community/Low-Income – 52
Tejas Foco Donation – 1200
Membership Dues – 33,561
August 1, 2015 – March 31, 2016
Include Dues Paid to Caucus
Web Advertisements – 3750
TOTAL ASSETS 143,828.20
LIABILITIES
Antonia Casteñeda Endowment
Edward Jones Investments – Calvert
June 26, 2015 – [23,917.40]
March 24, 2016 – 22,974.88
Caucus Dues – 3035
Caucus Payments
Chicana Caucus – 800
NACCS Awards – 3700
Cervantes Premio – 700
Immigrant Beca Award – 3000
Credit Card Fees – 4121.74
Refund to Members – 140
Bad Debt-CSU Chico – 560
Paypay/Verisign – 719.40
Post Office Box Rental – 90
Security Certificates – 400
Web Host – 6000
Independent Contract Compensation:
Web, Conference oversight, program-Blackmer – 5000
Foco Rebates Available 2016 – 1595
Foco Payments
Rocky Mountain Foco – 120
Tejas Foco-Denise Chavez – 500
Tejas Foco – 700
Midyear Meetings(ii)
Travel-NACCS Board – 2230.09
Lodging-NACCS Board – 2859.64
F&B – 189.73
Program Meeting-Chair Elect & Past Chair – 1282.64
Travel & Lodging
2016 Conference Expenses – 6488.76
Student Housing Fellows
Plaques for Awards – 619.57
Program Cover – 800.00
Independent Contract Compensation
Registration -Jamie Lamberti – 700.00
Supplies (Name Tags, Copies, Ink, Paper) 3331.01
Travel-NACCS Assistants-Reg; Childcare 1,038.18
TOTAL LIABILITIES 63,676.15 63,506.88
NET WORTH (ASSETS LESS LIABILITIES) 80,321.32
[1] Note that the error was in the transposing of figures when reporting the Total Liabilities, but not in the actual calculation and reporting of liabilities themselves, nor in the calculation of the Net Worth as reported in April 2016.
[1] Expense excludes NACCS Executive Director and Associate Director