Friends of Ludlow Auditorium

1 Whispering Pines • Ludlow, VT  05149

Tel (802) 228-7239 • email: info@fola.us

[a 50l (c)(3) organization]

 

"Our purpose is to promote the use of the Ludlow Auditorium

for the benefit and entertainment of the people of Ludlow,

the surrounding Black River area, and its visitors"

 

 

Documents - Financial:

 

2011 P & L Statement

 

 

 

 

2011 P & L Statement

FRIENDS OF LUDLOW AUDITORIUM, INC.
STATEMENT OF OPERATIONS (Modified Cash Basis)
YEAR ENDED DECEMBER 31, 2011

                                                                

REVENUES:

     Memberships – Individual, Family & Corporate               $  2,215.00

     Donation from Ludlow Voters                                                  1,500.00

     Movie Donations                                                                            761.85

     Other Donations                                                                          2,140.00

     Productions:

           Curbstone Chorus                                      $ 185.00

           Gorman/Dover ($1,000 guarantee)            <331.00>

            Gypsy Reel ($600 guarantee)                      <18.00>

            J. Schwab Concert ($655 guarantee

                  before sponsors’ loss shares)                <138.00>

            Hart Skits                                                       701.00              

            Christmas Celebration                                  430.00             829.00

                                     Total Revenue                                        $  7,445.85 

 

EXPENDITURES:

      Asset Transfers to Town of Ludlow:

           Movie Equipment Acquired in 2010        $ 7,500.00

            Black Out Shades                                         1,618.00

            Sony BluRay Players (2)                                 431.79

            Audio Upgrade                                             2,953.50     

            Fans and Other                                                200.41     $12,703.70

       DVDs Purchased – All 2011 Movies                                          218.82

                                         All 2012 Movies                                         298.15

       Piano Tuning                                                                               290.00

       Fund Raising Stationery                                                              73.98

       Other:

            Christmas Tree, Ornaments                       $ 190.76

            Chamber of Commerce Dues                         135.00

            Balcony Furniture, Supplies                           376.66              

            Performer Recognition                                    212.71           915.03

                                        Total Expenditures                             $ 14,499.68

 

EXCESS OF EXPENDITURES OVER REVENUES              $ 7,053.83

 

NET ASSETS EXPENDED IN 2011:

 

       Assets held at December 31, 2010 transferred in 2011      $  7,500.00

       Cash increase in 2011:

            Balance at December 31, 2010              $ 3,217.25

            Less Checking Account Balance

                         at December 14, 2011                 <3,513.42>

            Less Change Fund Established

                         in 2011                                            <150.00>            <446.17>

 

         Net Assets Expended                                                            $ 7,053.83

 

 

FRIENDS OF LUDLOW AUDITORIUM, INC.

CHANGES IN EQUITY (Modified Cash Basis)

YEAR ENDED DECEMBER 31, 2011

 

     EQUITY AT DECEMBER 31, 2010:

          Cash                                                         $ 3,217.25

          Assets held for transfer                             7,500.00           $ 10,717.25

 

     LESS ASSETS EXPENDED IN 2011                                       <7,053.83>

 

     EQUITY AT DECEMBER 31, 2011:

           Checking Account Balance                   $ 3,513.42

           Change Fund Balance                                 150.00              $ 3,663.42