CHICAGO, IL –
As a registered 501(c)(3) non-profit organization, we would like to invite all of our organizational members to look over the Fiscal Year 2017 finances to see where the money that you all have donated or paid to us is going.
The NCDA started the year off with a cash balance of $3,553.42 in the bank.
Over the course of the 2016/2017 dodgeball season, our total income was $10,075.18.
- $2,831.87 from annual membership dues.
- $7,193.31 from Nationals 2017 registration fees.
- $50.00 from various other sources.
Over the course of the 2016/2017 dodgeball season, our total expenses were $9,839.10.
- Total Nationals 2017 Expense was $8,780.44
- $649.07 in General & Administrative Expenses (postage, web hosting costs, bank fees, etc.)
- $409.59 for a League-owned GoPro to lend out to member teams for tournaments.
As of year end, June 30, 2017, the NCDA has a total of $3,789.50 in cash assets, with no significant upcoming expenses as of October 3, 2017. During Fiscal Year 2017, the NCDA closed our existing checking account, transferring all assets into another account with the same financial institution, as a safety precaution due to a stolen checkbook during the year. No unauthorized activity took place with NCDA account before it was closed.
As of the date of this posting, October 3, 2017, the NCDA has a total of $3,608.38 in cash assets.
Some upcoming treasury items to note: The NCDA will be moving from the cash basis of accounting to the accrual basis, effective for Fiscal Year 2018.
Keep an eye out in your team’s inbox for the 2017-18 season league dues. Also don’t forget to choose the NCDA as your Amazon Smile beneficiary!
If you have any questions, comments, concerns about the financial position of the NCDA, or how our funds will be used going forward, please reach out to Mike McNicholas, NCDA Treasurer, at email@example.com, or contact any other member of the Executive Board.