2018 Financial Statements

Statement of Financial Position
Year Ended June 30, 2018
 
Current Assets  
Cash and Cash Equivalents $47,310
Accounts Receivable (Net) $290,519
Inventory at Cost $280,195
Prepaid Expenses $16,762
Total $634,786
   
Other Assets  
Denver Foundation Endowment Fund (Net) $61,212
Other Assets $35,623
Total $96,835
   
Total Assets  $731,621
   
Current Liabilities  
Accounts Payable $22,075
Accrued Vacation and Sick Pay $52,074
Royalties and Commissions $112,583
Unearned Income $162,509
Line of Credit -$0-
Total Current Liabilities $349,241
   
Net Assets—Unrestricted $382,380
   
Total Liabilities and Net Assets $731,621
 
 
 
   
Statement of Activities
Year Ended June 30, 2018
 
Revenues  
Net Book Sales $1,125,022
Other Publishing Income $7,275
Member Dues $255,410
Donations, Interest, and Other Income   $29,684
Total Revenues $1,417,391
   
Cost of Sales  
Cost of Books Sold $178,579
Title Subsidies ($28,701)
Inventory Write-Off $49,516
Royalties and Commissions $110,314
Total Cost of Sales $309,708
   
Gross Margin  $1,107,683
   
Expenses  
Editorial Expense $393,481
Production Expense $118,442
Marketing Expense $170,375
Fulfillment Expense $178,759
General and Administrative Expense $300,762
Total Expenses $1,161,819
   
Total Increase (Decrease) in Net Assets ($54,136)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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