| World Computer Exchange, Inc. |
|
7/30/02 |
|
Fiscal
Year 2002 |
|
|
Financial
Report |
|
|
|
|
|
|
|
Original |
Revised |
Projection |
YTD |
July |
Aug. |
Sept. |
Oct. |
Nov. |
Dec. |
Jan. |
Feb. |
Mar. |
Apr. |
May. |
June |
|
|
Voted |
Estimated |
Estimated |
Actual |
Actual |
Actual |
Actual |
Actual |
Actual |
Actual |
Actual |
Actual |
Actual |
Actual |
Draft |
Projected |
|
| REVENUES |
|
| Board of Directors |
3500 |
721 |
4,221 |
4,221 |
0 |
0 |
300 |
0 |
100 |
2,100 |
0 |
435 |
642 |
0 |
0 |
644 |
|
| International Advisory Council |
2200 |
-1,700 |
500 |
500 |
0 |
0 |
0 |
0 |
0 |
500 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Individuals |
2000 |
-200 |
1,800 |
1,800 |
100 |
400 |
0 |
800 |
0 |
500 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Foundations |
85000 |
-83,800 |
1,200 |
1,200 |
0 |
0 |
0 |
1,200 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Corporations |
40000 |
-33,306 |
6,694 |
6,694 |
0 |
0 |
0 |
0 |
200 |
0 |
600 |
|
0 |
600 |
0 |
5,294 |
|
| NGOs |
90000 |
-32,439 |
57,561 |
57,561 |
0 |
0 |
0 |
7,500 |
0 |
0 |
4,980 |
2,980 |
20,453 |
1,528 |
1,350 |
18,770 |
|
| Governments
|
50000 |
-23,798 |
26,202 |
26,202 |
0 |
0 |
0 |
5,000 |
0 |
0 |
0 |
202 |
0 |
0 |
15,000 |
6,000 |
|
| Interest |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Cash Totals |
272,700 |
-174,521 |
98,179 |
98,179 |
100 |
400 |
300 |
14,500 |
300 |
3,100 |
5,580 |
3,617 |
21,095 |
2,128 |
16,350 |
30,708 |
|
| Donated Computers |
1596000 |
-660,400 |
935,600 |
935,600 |
120,000 |
67,500 |
70,500 |
27,000 |
148,500 |
101,400 |
51,300 |
74,400 |
35,000 |
150,000 |
40,000 |
50,000 |
|
| Others Paying Shipping |
19000 |
-7,345 |
11,655 |
11,655 |
6,660 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
4,995 |
|
| Total Revenues |
1,887,700 |
-842,266 |
1,045,434 |
1,045,434 |
126,760 |
67,900 |
70,800 |
41,500 |
148,800 |
104,500 |
56,880 |
78,017 |
56,095 |
152,128 |
56,350 |
85,703 |
|
| EXPENSES |
|
0 |
|
| Staff |
104,500 |
0 |
104,500 |
104,500 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
8,708 |
|
| FICA @ 7.65 |
6,518 |
-6,518 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Incentives |
5,813 |
-5,813 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Contract Labor |
50,000 |
-31,863 |
18,137 |
18,137 |
900 |
900 |
440 |
0 |
0 |
1,885 |
1,624 |
1,636 |
3,250 |
2,800 |
2,800 |
1,902 |
|
| Holmberg Interest |
0 |
0 |
89 |
89 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
11.08 |
22.16 |
22.16 |
33.24 |
|
| Insurance Benefits |
12,500 |
-788 |
11,712 |
11,712 |
976 |
976 |
976 |
976 |
976 |
976 |
976 |
976 |
976 |
976 |
976 |
976 |
|
| Pension |
10,573 |
-10,573 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Trainers/Leaders |
5,000 |
-5,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Interns & Scholarships |
5,000 |
-5,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Other Insurances |
4,000 |
-4,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Office
& Equipment |
12,000 |
0 |
12,000 |
12,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
|
| Printing |
350 |
-102 |
248 |
248 |
23 |
24 |
0 |
25 |
0 |
0 |
0 |
0 |
0 |
96.87 |
49.04 |
29.88 |
|
| Postage & Delivery |
350 |
53 |
403 |
403 |
40 |
175 |
35 |
3 |
57 |
19 |
35.67 |
3 |
0 |
0 |
34 |
0 |
|
| Meetings & Conferences |
2,500 |
-951 |
1,549 |
1,549 |
233 |
0 |
209 |
135 |
16 |
278 |
141 |
51 |
57 |
287 |
53 |
90 |
|
| Legal, Audit, Gov. & Bank |
5,000 |
-4,531 |
469 |
469 |
10 |
64 |
0 |
59 |
0 |
33 |
60 |
10 |
192 |
20 |
20 |
0 |
|
| Website Awards |
3,500 |
-3,500 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Administrative Travel |
11,000 |
-3,628 |
7,372 |
7,372 |
0 |
0 |
0 |
480 |
0 |
390 |
0 |
431 |
0 |
1,918 |
2,355 |
1,799 |
|
| Internet Ambassadors |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
| Website/other office phones |
2,500 |
-1,823 |
677 |
677 |
174 |
0 |
30 |
0 |
0 |
0 |
0 |
168 |
265 |
0 |
25 |
15 |
|
| Equip, Parts, Software |
3,000 |
-1,525 |
1,475 |
1,475 |
233 |
15 |
688 |
0 |
465 |
16 |
50 |
0 |
0 |
0 |
0 |
7.5 |
|
| Shipping |
43,000 |
-18,511 |
24,489 |
24,489 |
0 |
3060 |
0 |
4660 |
3615 |
0 |
0 |
0 |
0 |
0 |
8,390 |
4,764 |
|
| Pack, Transport & Store |
8,000 |
8,557 |
16,557 |
16,557 |
1,298 |
2,284 |
1,100 |
271 |
1,584 |
286 |
267 |
963 |
2,588 |
1,890 |
3,296 |
731 |
|
| Interest |
3,500 |
-581 |
2,919 |
2,919 |
212 |
230 |
227 |
244 |
241 |
265 |
261 |
275 |
278 |
224 |
247 |
214 |
|
| Cash Subtotal |
298,604 |
-96,098 |
202,594 |
202,594 |
13,808 |
17,436 |
13,413 |
16,561 |
16,663 |
13,858 |
13,122 |
14,222 |
17,325 |
17,942 |
27,976 |
20,269 |
|
| Computers Donated (Arrived) |
1,596,000 |
-879,000 |
717,000 |
717,000 |
0 |
114,000 |
0 |
114,000 |
0 |
114,000 |
129,000 |
0 |
0 |
0 |
0 |
246,000 |
|
| Shipping pd by others |
19,000 |
-7,345 |
11,655 |
11,655 |
6,660 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
4,995 |
|
| Expense Total |
1,913,604 |
-982,443 |
931,249 |
931,249 |
20,468 |
131,436 |
13,413 |
130,561 |
16,663 |
127,858 |
142,122 |
14,222 |
17,325 |
17,942 |
27,976 |
271,264 |
|
|
|
|
0 |
|
|
| Cash Net |
-25,904 |
-78,423 |
-104,416 |
-104,416 |
-13,708 |
-17,036 |
-13,113 |
-2,061 |
-16,363 |
-10,758 |
-7,542 |
-10,605 |
3,770 |
-15,814 |
-11,625 |
10,439 |
|
|
|
0 |
|
|
| Monthly Loan Subtotal |
|
|
79,869 |
4,200 |
7,828 |
4,264 |
7,853 |
7,954 |
3,264 |
2,790 |
3,878 |
5,355 |
6,412 |
16,445 |
9,626 |
|
| WCE Payments |
|
41,562 |
41,562 |
1,155 |
4,316 |
1,292 |
4,854 |
3,922 |
881 |
376 |
496 |
3,482 |
2,479 |
12,724 |
5,585 |
|
| Loan Repayments |
|
45,000 |
45,000 |
0 |
4,000 |
0 |
3,500 |
0 |
3,000 |
0 |
3,000 |
11,000 |
0 |
9,500 |
11,000 |
|
| YTD Loan Balance |
FY01: |
36,354 |
|
29,661 |
39,399 |
38,910 |
41,882 |
41,381 |
45,413 |
44,797 |
47,211 |
47,593 |
38,466 |
42,399 |
36,620 |
29,661 |
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Restricted at end of
FY'02: $3,000 for SEWA, $5,000 for
Nigeria |
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Receivables: See list of receivables = $28,275.60 |
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