2017 Financial Statements

Statement of Financial Position
Year Ended June 30, 2017
 
Current Assets  
Cash and Cash Equivalents $34,630
Accounts Receivable (Net) $284,803
Inventory at Cost $337,846
Prepaid Expenses $14,909
Total $672,188
   
Other Assets  
Denver Foundation Endowment Fund (Net) $42,645
Other Assets $28,290
Total $70,935
   
Total Assets  $743,123
   
Current Liabilities  
Accounts Payable $22,474
Accrued Vacation and Sick Pay $50,269
Royalties and Commissions $103,277
Unearned Income $130,588
Line of Credit -$0-
Total Current Liabilities $306,608
   
Net Assets—Unrestricted

$436,515

   
Total Liabilities and Net Assets $743,123
 
 
 
   
Statement of Activities
Year Ended June 30, 2017
 
Revenues  
Net Book Sales $1,025,098
Other Publishing Income $29,290
Member Dues $247,971
Donation, Interest, and Other Income   $126,192
Total Revenues $1,428,551
   
Cost of Sales  
Cost of Books Sold $210,018
Title Subsidies $(43,570)
Inventory Write-Off $47,622
Royalties and Commissions $96,171
Total Cost of Sales $310,241
   
Gross Margin  $1,118,310
   
Expenses  
Editorial Expense $378,538
Production Expense $119,627
Marketing Expense $146,261
Fulfillment Expense $169,898
General and Administrative Expense $273,600
Total Expenses $1,087,924
   
Total Increase (Decrease) in Net Assets $30,386