USCF Finances

	Current Qtr This Year	%	Current Qtr Last Year	%	Year to Date This Year	%	Year to Date Last Year	%
Membership Revenue
Regular Membership	$ 128,225	21.29	$ 195,136	26.75	$ 270,936	22.93	$ 342,655	26.46
Senior	24,723	4.10	31,101	4.26	51,287	4.34	49,225	3.80
Family	27,843	4.62	22,425	3.07	38,886	3.29	35,210	2.72
Young Adult	30,941	5.14	34,354	4.71	44,699	3.78	47,754	3.69
Youth	46,220	7.67	44,632	6.12	64,735	5.48	62,253	4.81
Scholastic	119,516	19.84	125,792	17.25	147,613	12.49	153,001	11.81
Sustaining	6,569	1.09	5,855	0.80	14,443	1.22	14,576	1.13
Life	6,000	1.00	4,500	0.62	13,000	1.10	11,000	0.85
Trial Memberships	372	0.06	1,004	0.14	1,102	0.09	2,264	0.17
Tournament Memberships	1,591	0.26	(47)	(0.01)	1,567	0.13	(77)	(0.01)
Affiliate memberships	11,142	1.85	10,520	1.44	18,972	1.61	18,160	1.40
Misc. Memberships	1,245	0.21	2,060	0.28	3,003	0.25	4,249	0.33
Total Membership Revenues	404,387	67.14	477,332	65.45	670,243	56.71	740,270	57.15
Sales
Warehouse	136	0.02	535	0.07	139	0.01	1,126	0.09
Chess Cafe	25,185	4.18	34,857	4.78	49,483	4.19	68,993	5.33
Total Sales	25,321	4.20	35,392	4.85	49,622	4.20	70,119	5.41
Magazine Revenue
C/L Newsstand	3,171	0.53	(170)	(0.02)	7,018	0.59	926	0.07
C/L Advertising	24,120	4.00	25,744	3.53	48,448	4.10	53,623	4.14
C/L Subscriptions	11,577	1.92	12,528	1.72	16,940	1.43	18,846	1.46
TLA's	11,721	1.95	10,564	1.45	22,509	1.90	22,840	1.76
Total Magazine Revenue	50,589	8.40	48,666	6.67	94,915	8.03	96,235	7.43
Other Services
USCF Rating Fees	30,251	5.02	22,224	3.05	53,702	4.54	38,501	2.97
Crosstable Fees	162	0.03	224	0.03	302	0.03	386	0.03
Mailing List	1,568	0.26	2,462	0.34	3,315	0.28	3,902	0.30
FIDE Fees	3,260	0.54	0	0.00	8,094	0.68	0	0.00
Total Other Services	35,241	5.85	24,910	3.42	65,413	5.54	42,789	3.30
Tournament Revenues
Tournaments - USCF	81,229	13.49	50,107	6.87	159,267	13.48	226,741	17.51
Tournaments - Other	504	0.08	0	0.00	11,272	0.95	0	0.00
Correspondence Chess	3,557	0.59	2,295	0.31	7,300	0.62	4,173	0.32
Tournaments - FIDE	(1,961)	(0.33)	67,360	9.24	87,034	7.36	68,457	5.29
Total Tournament Revenues	83,329	13.84	119,762	16.42	264,873	22.41	299,371	23.11
Other Misc. Income
Royalties	1,604	0.27	2,544	0.35	7,825	0.66	9,720	0.75
Fundraising	50	0.01	444	0.06	50	0.00	444	0.03
Donations - General	312	0.05	1,485	0.20	24,715	2.09	14,028	1.08
Donations - GM Benefits	0	0.00	789	0.11	0	0.00	1,502	0.12
Interest Income	7,035	1.17	11,977	1.64	7,061	0.60	14,574	1.13
Other Misc. Income	18	0.00	6,981	0.96	3,249	0.27	7,076	0.55
Dividend Income	1,201	0.20	377	0.05	2,407	0.20	377	0.03
Gain/(Loss) on LMA Investments	(6,783)	(1.13)	(1,300)	(0.18)	(8,582)	(0.73)	(1,300)	(0.10)
Total Other Misc Income	3,437	0.57	23,297	3.19	36,725	3.11	46,421	3.58
Total Revenue	602,304	100.00	729,359	100.00	1,181,791	100.00	1,295,205	100.00
Magazine Expenses
Printing Expenses	77,530	12.87	80,276	11.01	158,440	13.41	163,877	12.65
Mailing Expenses	85,568	14.21	78,408	10.75	148,905	12.60	150,657	11.63
Contributor Fees - Publication	24,471	4.06	24,060	3.30	46,499	3.93	52,494	4.05
C/L Newstand Expenses	2,531	0.42	0	0.00	4,125	0.35	0	0.00
Total Magazine Expenses	190,100	31.56	182,744	25.06	357,969	30.29	367,028	28.34
Books & Equipment
Catalog Mailing - Publications	316	0.05	387	0.05	479	0.04	584	0.05
Total Books & Equipment	316	0.05	387	0.05	479	0.04	584	0.05
Web Services
Web Site Design & Maint-Memb	2,000	0.33	0	0.00	6,000	0.51	0	0.00
Total Web Services	2,000	0.33	0	0.00	6,000	0.51	0	0.00
Promotional
Gift Certificates	14	0.00	0	0.00	116	0.01	0	0.00
Rating Supplements	0	0.00	(5)	(0.00)	0	0.00	(12)	(0.00)
Renewals & Promotions	15,536	2.58	6,392	0.88	19,649	1.66	18,841	1.45
Fundraising Expense	0	0.00	160	0.02	0	0.00	110	0.01
Advertising	162	0.03	1,746	0.24	274	0.02	2,186	0.17
Total Promotional	15,712	2.61	8,293	1.14	20,039	1.70	21,125	1.63
Tournament
Tour. Exp. - USCF	29,170	4.84	(14,311)	(1.96)	110,264	9.33	164,810	12.72
Tour. Exp. - FIDE	75,738	12.57	89,364	12.25	189,827	16.06	91,867	7.09
Correspondence Chess Expense	1,375	0.23	0	0.00	4,862	0.41	0	0.00
Total Tournament	106,283	17.65	75,053	10.29	304,953	25.80	256,677	19.82
Personnel
Payroll	186,623	30.98	184,980	25.36	349,244	29.55	378,978	29.26
Fringe Benefits	23,616	3.92	23,764	3.26	46,842	3.96	46,531	3.59
Workmens' Comp. Insurance	0	0.00	0	0.00	0	0.00	165	0.01
Payroll Taxes	13,891	2.31	13,704	1.88	26,311	2.23	28,740	2.22
Profit Sharing	41,267	6.85	0	0.00	41,267	3.49	0	0.00
Employee Incentives	398	0.07	574	0.08	883	0.07	1,114	0.09
Total Personnel	265,795	44.13	223,022	30.58	464,547	39.31	455,528	35.17
General and Administrative
Airfare Expenses	0	0.00	(1,301)	(0.18)	0	0.00	2,478	0.19
Food & Lodging Expenses	0	0.00	295	0.04	250	0.02	2,461	0.19
Mileage/Parking/Car Rental	336	0.06	4,388	0.60	410	0.03	7,073	0.55
Per Diem Expenses	652	0.11	3,100	0.43	1,302	0.11	6,230	0.48
Miscellaneous Travel	2,831	0.47	2,098	0.29	4,047	0.34	3,262	0.25
Contract Employee	42,338	7.03	0	0.00	80,704	6.83	0	0.00
General Postage	9,290	1.54	30,759	4.22	20,392	1.73	35,703	2.76
Office Supplies	2,383	0.40	3,744	0.51	5,948	0.50	9,467	0.73
Professional Fees	96,977	16.10	67,236	9.22	119,994	10.15	119,278	9.21
Rent - Warehouse-Admin.	0	0.00	1,725	0.24	0	0.00	3,450	0.27
Utilities - Telephone	6,298	1.05	6,415	0.88	12,402	1.05	12,706	0.98
Utilities - Elect/Gas/Water	4,034	0.67	2,632	0.36	6,838	0.58	4,176	0.32
Gen. Liability Insurance	4,350	0.72	8,215	1.13	8,700	0.74	15,285	1.18
Repairs & Maint.	4,218	0.70	4,738	0.65	13,806	1.17	9,931	0.77
Property Taxes	1,204	0.20	3,788	0.52	1,204	0.10	3,788	0.29
Computer Software	0	0.00	0	0.00	557	0.05	0	0.00
Office Equipment	0	0.00	33	0.00	109	0.01	33	0.00
Rent - Equipt.	2,559	0.42	4,662	0.64	7,317	0.62	8,465	0.65
Commissions-Memberships	222	0.04	80	0.01	1,191	0.10	80	0.01
Interest Expense	10,561	1.75	7,872	1.08	17,877	1.51	15,473	1.19
LMA Investment Fees	0	0.00	0	0.00	0	0.00	20	0.00
Bank Charges	803	0.13	148	0.02	1,683	0.14	256	0.02
Credit Card Charges	12,700	2.11	13,693	1.88	25,793	2.18	26,014	2.01
Miscellaneous Expenses	503	0.08	987	0.14	1,980	0.17	4,059	0.31
Total General and Administrative	202,259	33.58	165,307	22.66	332,504	28.14	289,688	22.37
Governance
Executive Board Expenses	0	0.00	621	0.09	0	0.00	621	0.05
FIDE Governance	0	0.00	5,102	0.70	0	0.00	5,102	0.39
Election Expense	0	0.00	0	0.00	6,701	0.57	6,409	0.49
US Open Governance	11,671	1.94	4,668	0.64	16,067	1.36	16,378	1.26
Travel - Executive Board	449	0.07	888	0.12	1,265	0.11	2,214	0.17
Misc. - Executive Board	2,330	0.39	919	0.13	3,050	0.26	1,968	0.15
Total Governance	14,450	2.40	12,198	1.67	27,083	2.29	32,692	2.52
Total Expenses	(796,915)	(132.31)	(667,004)	(91.45)	(1,513,574)	(128.07)	(1,423,322)	(109.89)
Net Cash Income (Loss)	(194,611)	(32.31)	62,355	8.55	(331,783)	(28.07)	(128,117)	(9.89)
		0.00		0.00		0.00		0.00
Noncash (Income) and Expenses		0.00		0.00		0.00		0.00
Curr. Def.- Reg. Adult	27,797	4.62	75,847	10.40	56,179	4.75	123,178	9.51
Prior Year Deferred	(32,300)	(5.36)	(42,600)	(5.84)	(64,600)	(5.47)	(85,200)	(6.58)
Curr. Def.- Senior	6,411	1.06	13,258	1.82	13,253	1.12	17,969	1.39
Prior Years Deferred	(5,174)	(0.86)	0	0.00	(10,349)	(0.88)	0	0.00
Curr.Def.-Young Adult	5,185	0.86	10,203	1.40	8,086	0.68	13,621	1.05
Prior Years Deferred	(4,808)	(0.80)	0	0.00	(9,615)	(0.81)	0	0.00
Curr. Def. - Youth	6,127	1.02	9,935	1.36	9,103	0.77	14,748	1.14
Prior Years Deferred	(3,128)	(0.52)	0	0.00	(6,255)	(0.53)	0	0.00
Curr. Def.- Scholastic	12,312	2.04	21,152	2.90	15,906	1.35	26,513	2.05
Prior Years Deferred	(8,485)	(1.41)	0	0.00	(16,969)	(1.44)	0	0.00
Curr. Def.- Sustaining	5,906	0.98	620	0.09	11,479	0.97	3,201	0.25
Prior Years Deferred	(1,397)	(0.23)	(568)	(0.08)	(2,704)	(0.23)	(1,960)	(0.15)
Curr. Def.- Life Member	5,906	0.98	4,275	0.59	12,556	1.06	10,350	0.80
Prior Years Deferred	(24,955)	(4.14)	(10,794)	(1.48)	(48,366)	(4.09)	(37,431)	(2.89)
Depr. & Amortization	15,193	2.52	14,193	1.95	29,441	2.49	28,560	2.21
Net Noncash (Income)/Expenses	4,590	0.76	95,521	13.10	(2,855)	(0.24)	113,549	8.77
Net Income (Loss)	($ 199,201)	(33.07)	($ 33,166)	(4.55)	($ 328,928)	(27.83)	($ 241,666)	(18.66)