1. Welcome to our Online Business Forum
Welcome to our Online Business Forum. It is with great pleasure to present our 2015 year-end results.
Financial Report
Presented by:
Mary Nguyen

2. Statement of Activities For the Year Ended December 31, 2015
Income
Total
Membership Income
$109,139
Mission Co-Op (Net of expenses)
$ 51,776
Mission Congress (Net of expenses)
$ 30,000
Grants and Contributions
$ 18,509
Combined Federal Campaign
$ 16,209
Interest and Dividends
$ 8,550
Total Income
$234,183
Let’s take a look at our Statement of Activities which is known as our Income Statement.
Our income comes from a variety of sources…Of the $234,183 in 2015, 81% of that income came from Mission Co-Op (net expenses), Mission Congress (net expenses), and Membership Income. The Combined Federal Campaign accounted for 7% of the total income.

3. Statement of Activities For the Year Ended December 31, 2015
Expenses
Total
ADMINISTRATIVE EXPENSES
Salaries
$167,351
Benefits (Health, Pension, FICA)
$ 41,908
Board of Directors
$ 1,203
Total Administrative Expenses
$210,462
ACTIVITY EXPENSES
Partnership Conferences and Meetings
$ 2,919
Mission Update and Publications
$ 1,143
Website and Social Communication $
Professional Exps (including Auditor)
$ 5,942
Staff Development $
Development Expenses
$ 1,580
Total Activity Expenses
$ 13,074
OFFICE EXPENSES
Rent
$ 21,976
Supplies $
Equipment Purchase and Depreciation
$ 5,674
Equipment Rental and Maintenance
$ 3,387
Telecommunications
$ 3,414
Postage and Printing
$ 1,644
Staff Meetings, Hospitality, and Memberships
$ 1,118
Insurance and Fees
$ 2,111
Total Office Expenses
$ 39,890
Here is our overall operational expenses incurred to support our organization’s mission. These expenditures are defined in 3 functional categories which you will see here are our Administrative, Activity, and Office Expenses.
USCMA had $263,426 in Total Expenses during These expenses consisted of Administrative Expenses, Activity Expenses, and Office Expenses.
Administrative expenses: Almost 80% of the Total Expenses were Administrative Expenses. The largest Administrative expense was Salaries and Benefits, which was slightly over $209K.
Activity Expenses: Includes Partnership Conferences, Advertising, Travel, Mission Update and Publications accounted for just over 1% of the Total Expenses of $263,426.
Office Expenses: were just under 16% of USCMA’s Total Expenses of $263,426.

4. Statement of Activities For the Year Ended December 31, 2015
Income and Expense Summary
Total Income
$234,183
Total Expenses
$263,426
Net Surplus/(Deficit)
($ 29,243)
Capital Loss on Investments
($ 16,169)
Net Loss
($ 45,413)
So in 2015, USCMA had a net loss of $45,413. The total income was $234,183 less the total expenses of $263,426 equals $45,413.
The Board approved a deficit budget of $67,401 for Due to small amount of extra revenue and large reduction in budgeted expenses, the expected deficit of income less expenses was $29,243; half the anticipated deficit.
Initially we had anticipated operating at a loss of $67,401. So in actuality, we ended the year with a net loss of $45,413 when we included the unrealized loss of investment into account was a bad year for our investments.
Bottom line. We budgeted a deficit for the year. We reduced that deficit by 48.42%.

5. Any questions? Comments are welcome 
Contact Info: Mary

6. This concludes our prepared remarks
This concludes our prepared remarks. I would like to say thank you to our members for your continued support will help us in supporting our mission. It is much appreciated. And thank you all for joining us.