Operating
revenue .................................................$5,119,000
Operating
expenses ..................................................4,607,000
Capital
expenses ......................................................... 262,000
Surplus/(Deficit)
Before Academy Giving .................250,000
Academy Gifts from Unrestricted
..............................250,000
Surplus/(Deficit) After Academy Giving
..............................0
Beginning reserves
.................................................$2,182,200
Ending reserves
......................................................$2,182,200
Detail
on Revenue Income from Investments ..........................................$800,000
Cash contributions ....................................................2,000,000
Dues income ..................................................................900,000
Advertising ....................................................................104,000
Reunions ........................................................................150,000
Royalties (cash only) ......................................................40,000
Merchandise sales ..........................................................75,000
Fees ................................................................................237,000
Special Functions .........................................................183,000
Other Income (includes admin fees) ...........................135,000
Transfers
.......................................................................495,000
Total Revenue ..........................................................$5,119,000
Detail on Expenses Direct
salaries ..........................................................$2,353,000
Professional services .....................................................102,000
Fundraising consultants and research ........................334,000
Election
Expenses ...........................................................34,000
Donor
Recognition ..........................................................10,000
Licenses
and Fees ..............................................................2,000
Subscriptions
and Dues .....................................................7,000
Training
and Education ..................................................36,000
Repairs
and Maintenance .................................................5,000
Insurance
..........................................................................53,000
Service Contracts .............................................................82,000
Photo Copying ....................................................................1,000
Miscellaneous Office Expense .........................................15,000
Office Supplies ..................................................................21,000
Bar/Beverages & Supplies ...............................................10,000
Printing ...........................................................................189,000
Printing-Checkpoints .....................................................206,000
Printing-Other Program Support ...................................91,000
Photography
........................................................................2,000
Postage ...............................................................................68,000
Postage-Checkpoints .........................................................64,000
Postage-Other Program Support .....................................26,000
Travel and Entertainment ..............................................141,000
Relocation ..........................................................................25,000
Social Events and Meetings ............................................258,000
Awards and Ceremonies ...................................................25,000
Advertising .........................................................................42,000
Grants .................................................................................20,000
Grants In-Kind non-USAFA ...............................................2,000
Football Tickets (including Box) ......................................35,000
Reunion costs ......................................................................10,000
Miscellaneous Expense ........................................................2,000
Young Alumni Program.....................................................10,000
Allocated benefits expenses .............................................101,000
Overhead Expenses ..........................................................225,000
Total cash expenses ......................................................$4,607,000
Detail on Capital Expenses New
PC's with software ................................................$48,000
New
Server ........................................................................3,000
Replacement Printers ......................................................5,000
Telephone System .............................................................1,000
Financial Edge consulting ..............................................80,000
Furniture .........................................................................20,000
New maintenance vehicle ...............................................20,000
Replace carpet in Doolittle Hall ....................................20,000
New blinds .......................................................................65,000
Total capital items .......................................................$262,000 Budget
courtesy of AOG Director, Steve Dotson, '63 |