World T.E.A.M. Sports 2012 Annual Review | Page 30

2012 Financial Statement
2012 Financial Statement
Sources and Uses of Funds for Operations
Income
Support Revenue $ 1,343,612 In-Kind Contributions $ 200,000
Total Operating Revenue $ 1,543,612
Total Operating Revenue
Key n Support Revenues n In-Kind Contributions
Expenses
Programs
$
957,245
Management and General
$
110,640
Total Operating Expenses
$ 1,067,885
Total Operating Expenses
Key n Programs n Management and General
Change in Net Assets $ 475,727
Management and General Expenses
Key n Independent Contractors n Accounting & Legal n Insurance n Meals & Entertainment n Communication n Other Administrative Cost
58 World T. e. a. m. Sports
2012 Annual Review