2010

In 2010 the Alzheimer's Art Quilt Initiative raised $121,088.00 to fight Alzheimer's.



"Money IN / Money OUT"
Annual Report
(January 1, 2010 to December 31, 2010)


Income: $147,501
Does not include $25,785 in Quilt Inventory (Quilts received but not sold by 12/31/10)




Expenses: $26,413
(Does not include grants listed below—$140,000.)

  • Quilt Insurance $1,042.00
    "Alzheimer's: Forgetting Piece by Piece"
    and
    "Alzheimer's Illustrated: From Heartbreak to Hope"

  • Licenses & Fees: ($1,924.00)
      Solicitation Registration, Corporation Registration Fees
    • Alabama: $25.00
    • Alaska: $40.00
    • California: $50.00
    • Connecticut: $50.00
    • Colorado $10.00
    • Florida: $125.00
    • Georgia: 0
    • Hawaii: $100.00
    • Illinois: $15.00
    • Idaho $20.00
    • Kansas: $35.00
    • Maine: $25.00
    • Maryland: $200.00
    • Massachusetts: $70.00
    • Michigan: $20.00
    • Minnesota: $25.00
    • Mississippi: $50.00
    • Missouri: 0
    • Montana: 0
    • New Hampshire: 0
    • New Jersey: $150.00
    • New York: $60.00
    • North Carolina: $100.00
    • North Dakota: $20.00
    • Ohio: (refunded) -200.00
    • Oklahoma: $30.00
    • Oregon: $10.00
    • Pennsylvania: $150.00
    • Rhode Island: $90.00
    • South Carolina: $50.00
    • Tennessee: $200.00
    • Utah: $100.00
    • Virginia: $200.00
    • Washington: $20.00
    • West Virginia: $15.00
    • Wisconsin: $69.00


  • Office Supplies (Administration Expenses): $83.56
    • PDFill 7.0 computer software to fill out solicitation forms $19.99
    • Surge Protecting Power Strip, 2 gig Flash drive, printer cable $63.57


  • Supplies (Program Expenses): $480.69
    • Sandpaper (AI:FHtH): $2.12
    • Pens (AI:FHtH): $26.67
    • Photography light tent (shooting Priority: Alzheimer's Quilts): $16.20
    • Pens for writing on Name Quilts (AI:FHTH): $11.08
    • Headbands (AI:FHTH) to secure rolled Name Quilts $15.90
    • Styrofoam Pipe Insulation (AI:FHTH) for rolling Name Quilts $10.59
    • Pipe & Drape Rental $50.00
    • Yardsticks (weights for Name Quilts) $1.29
    • 69 Yard Sale Signs (to hang AI:FHTH PQs) $69.54
    • Bulldog clips (PQs) $32.09
    • Signage (banners for booth in Houston) $28.97
    • Plastic Hang tabs (tags for PQs in Houston) $33.61
    • Three reams of card stock (tags for PQs in Houston) $26.08
    • Stapler, staples, paper cutter blade (tags for PQs in Houston) $27.10
    • Corrugated plastic for bins (booth in Houston) $10.87
    • Cable ties, celotex boards, duct tape (booth in Houston) $92.64
    • Color ball pins, wholesale (both in Houston) $10.15
    • Pipe insulation (AI: FHtH Exhibit) $9.45
    • Earring nuts for World Series earrings $6.34


  • AAQI Lapel Pins: $955.00

  • AAQI Logo Earrings: $402.11

  • World Series Earrings: $1,652.00

  • Alzheimer's: Forgetting Piece by Piece CD: $222.48

  • Printing & Reproduction: 0

  • Credit Card Processing Fees: $3,343

  • Bank Service Charges: $42.90

  • Telephone: $695.62
    • Office: ($24.99/month + taxes): $413.74
    • Booth in Houston: $281.88


  • Accountant’s Fees: $2,563.00

  • Legal Fees: $7,213.17

  • Café Press Web Hosting ($6.95/month): $6.95

  • Yahoo Web Page Hosting & Revenue Share ($39.95/month + 1.5% of sales): $1,071.86

  • Fulfillment Services: $6,328.50

  • Freight (postage): $1,275

  • Michigan & Texas Sales Tax (collected monthly, paid quarterly): ($239.08)
    • Michigan Sales tax paid: $21.53
    • Texas Sales tax paid: (2009 show paid in 1st quarter of 2010) $183.40

  • Travel: $103.50 (Executive Director to attend 2010 Quilt Market for Rose of Sharon kick-off, Houston Super shuttle for 3 people, George Brown Convention Center parking)

    ALL PROFITS FUND ALZHEIMER'S RESEARCH
    2010 Research Grant Awards

    • University of Michigan: $30,000
      "The Roles of Metal Ions in Alzheimer's Disease."
      Dr. Mi Hee Lim

    • University of California, San Diego: $30,000
      "Stress- Signaling pathways & Alzheimer's Disease Pathology"
      Dr. Robert Rissman

    • Alzheimer's Association - New Investigator Research Grant: $40,000
      Brigham and Women's Hospital (Boston, MA)
      "MicroRNA Regulation of Early Events in Alzheimer's Disease"
      Dr. Anna Krichevsky

    • Alzheimer's Association - New Investigator Research Grant: $40,000
      Case Western Reserve University (Cleveland, OH)
      "Effect and Mechanism of Cell Cycle-Re-entry in Neurodegeneration"
      Dr. Hyoung-gon Lee


    Click here to read about research that has been funded by the Alzheimer's Art Quilt Initiative.

    Click here to download IRS Form 990EZ for 2010.