2012

2012
For the 2012 tax year, the Alzheimer's Art Quilt Initiative earned $192,744.63 in profits. It is from these profits that we are able to fund research.



"Money IN / Money OUT" Report
(January 1, 2012 to December 31, 2012)

Income:


Total Income: $219,865.59



Expenses:

  • Quilt Insurance $880.00
    "Alzheimer's Illustrated: From Heartbreak to Hope" Exhibit

  • Licenses & Fees: ($1,979.00)
      Solicitation Registration, Corporation Registration Fees
      (Paid throughout the year as deadlines demand.)
    • Alabama: $25.00
    • Alaska: $40.00
    • California: $100.00
    • Connecticut: $50.00
    • Colorado $10.00
    • Florida: $75.00
    • Georgia: 0
    • Hawaii: $100.00
    • Illinois: $15.00
    • Idaho 0
    • Kansas: $35.00
    • Maine: $25.00
    • Maryland: $75.00
    • Massachusetts: $70.00
    • Michigan: $20.00
    • Minnesota: $25.00
    • Mississippi: $50.00
    • Missouri: 0
    • Montana: 0
    • New Hampshire: $75.00
    • New Jersey: $60.00
    • New York: $110.00
    • North Carolina: $50.00
    • North Dakota: $20.00
    • Ohio: 0
    • Oklahoma: $65.00
    • Oregon: $10.00
    • Pennsylvania: $100.00
    • Rhode Island: $90.00
    • South Carolina: $50.00
    • Tennessee: $200.00
    • Utah: $225.00
    • Virginia: $100.00
    • Washington: $40.00
    • West Virginia: $15.00
    • Wisconsin: $54.00


  • Office Supplies (Administrative Expenses): $507.58
    • Scanner (for Priority: Alzheimer's Quilts) (January) $171.49
    • Norton Anti-Virus (February) $74.19
    • Two boxes professionally shred (April) $10.00
    • Checks (April) $16.70
    • Second Scanner (for Priority: Alzheimer's Quilts) (June) 176.96
    • 100 manilla envelopes to mail solicitation/registration (July) $9.49
    • 10 reams copy paper (8 white; 2 blue) (Sept) $21.20
    • Stapler (October) $5.30
    • 6 roll paper for credit card machine (November) $11.13
    • Yellow stapler (November) $11.12


  • Supplies (Program Expenses): $1,077.01
    • Three pair light-up gloves for Houston booth (January) $22.23
    • 144 bulldog clips for PAQ storage/sale (February) $19.98
    • 1,728 bulldog clips for PAQ storage/sale (February) $105.45
    • 2 cases chipboard for PAQ storage (February) $71.58
    • 1,728 bulldog clips for PAQ storage/sale (March) $84.33
    • 4' x 8' corrugated plastic for PAQ display (March) $23.80
    • 2 boxes chipboard to store PAQs vertically (April) $71.58
    • Used 4-drawer filing cabinet (May) $89.00
    • Corrugated plastic for exhibit totes (May) $38.95
    • Wood for shelving—quilt storage (May) $51.74
    • 500 zip ties (AI:FHTH exhibit shipping) (June) $12.74
    • 200 5-tab file folders (P:AQ paperwork) (July) $27.54
    • Red pens to mark P:AQ paperwork (July) $2.17
    • Tape gun for shipping P:AQ (July) $28.14
    • 6 rolls tape for gun (July) $19.47
    • 3,000 plastic hang tabs for IQF Houston quilt tags (Sept) $70.75
    • 1,000 zip-ties to secure exhibit totes (AI:FHTH exhibit) (Sept) $21.17
    • 200 file folders and 576 bulldog clips (PAQ storage/sale)(Sept) $67.82
    • 1,500 sheets card stock (PAQ tags) (Sept) $50.88
    • 6 boxes color ball pins (PAQ tags) (October) $9.90
    • 1 Rubbermaid garbage can to ship P:AQs to TX (November) $36.01
    • 12 Halloween wigs to decorate booth $12.72
    • 2 sheets corrugated plastic for P:AQ booth display boards (Nov.) $24.50
    • I roll painters tape 3 drop cloths for booth wall wrapping (Nov.) $17.07
    • 2 packs duct tape, 3 4' x 8' Celotex boards for booth walls (Nov.) $66.62
    • 48 large bull dog clips to transport credit card receipts (Nov.) $18.99
    • 12 2" spring clamps for booth walls $11.88


  • COST OF GOODS: $33.48
    • 31 Alzheimer's: Forgetting Piece by Piece CDs $33.48


  • Printing & Reproduction: $12.25
    • For "Win This Quilt" signs (newsletter sign up) (Nov) $12.25


  • Credit Card Processing Fees: $5,234.97

  • Bank Service Charges: $30.00
    • Notary fee for Registration to Solicit (Utah) $5.00
    • Annual credit card fee (March) $25.00


  • Telephone: $728.86
    • Office Telephone (Administrative): $426.74
      ( $24.99/month + taxes)
    • Booth in Houston (Tax, City of Houston): $302.12


  • Accountant’s Fees: $4,375.00

  • Legal Fees: 0

  • Café Press Web Hosting ($6.95/month or 10% of product income): $0

  • Web Hosting (AlzQuilts.org) through Yahoo Store ($39.95/month): $479.40

  • Store Transaction Fees / Revenue Share (1.5% of all items sold): $1,785.58

  • Domain Name Registration & Forwarding: $21.59
    • For alzquilts.com and aaqi.org


  • Fulfillment Services: $4,913.25

  • Freight (postage): $2,313.81

  • Michigan & Texas Sales Tax: $2,634.18
    • Michigan sales tax paid in 2012 for 2011 (January) $44.52
    • Michigan sales tax first quarter 2012 (April) $74.37
    • Michigan sales tax second quarter 2012 (July) $46.69
    • Texas sales tax paid in 2012 for 2011 (January) $2,430.97
    • Michigan sales tax third quarter 2012 (October) $37.63

  • Travel: $115.00
    • Tax on airline tickets for Director and Treasurer to fly on "miles" to Houston 2012. $20.00
    • Parking at GRB Convention center for IQF Houston $95.00
        Total Expenses: $27,120.96



        Profit for 2012: $192,744.63


        ALL PROFITS FUND ALZHEIMER'S RESEARCH

        2012 Research Grant Awards: ($60,000)
        Temple University ($60,000)
        "Corticosteroids, 5Lipoxygenase & Alzheimer's Disease"
        Dr. Domenico Pratico

        NOTE: $963.68 was returned to the AAQI from Cornell University as it was not needed for the research.

        (Even though grant awards are expenses of the nonprofit, they are not listed as expenses above. It is easier to show the amount the AAQI has raised for research this way. Accountants should examine our 990EZ forms below.)

        Prior Funds Allocated to Alzheimer's Research:

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