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Show Me The Money

Show Me The Money
The Alzheimer's Art Quilt Initiative has raised more than $411,000 for Alzheimer's research since January 2006. (See below.) 2010 is our third year as a nonprofit corporation. So far this year we have earned approximately $28,785.19 in profit. All profit is used to fund Alzheimer's research.



"Money IN / Money OUT" Report
(January 1, 2010 to June 30, 2010)


Income:


Total Income: $42,975.34



Expenses:

  • Quilt Insurance for "Alzheimer's: Forgetting Piece by Piece:" $665.00

  • Licenses & Fees: ($1,704.00)
      Solicitation Registration, Corporation Registration Fees
    • Alabama: $25.00
    • Alaska: $40.00
    • California: $50.00
    • Connecticut: $50.00
    • Colorado $10.00
    • Florida: 0
    • Georgia: 0
    • Hawaii: $100.00
    • Illinois: $15.00
    • Kansas: $35.00
    • Maine: 0
    • Maryland: $200.00
    • Massachusetts: $70.00
    • Michigan: $20.00
    • Minnesota: $25.00
    • Mississippi: 0
    • Missouri: 0
    • Montana: 0
    • New Hampshire: 0
    • New Jersey: $150.00
    • New York: $60.00
    • North Carolina: $100.00
    • North Dakota: $10.00
    • Ohio: 0
    • Oklahoma: $30.00
    • Oregon: $10.00
    • Pennsylvania: $150
    • Rhode Island: 0
    • South Carolina: $50.00
    • Tennessee: $200.00
    • Utah: 0
    • Virginia: $200.00
    • Washington: $20.00
    • West Virginia: $15.00
    • Wisconsin: $69.00


  • Office Supplies: $19.99
    • PDFill (Software to fill in forms for solicitation registration) $19.99


  • Supplies: ($78.27)
    • 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 $6.30


  • Printing & Reproduction: 0

  • Credit Card Processing Fees: $839.79

  • Bank Service Charges: $29.72

  • Telephone ($24.99/month + taxes): $205.87

  • Accountant’s Fees: $2,288.00

  • Legal Fees: $5,051.04

  • Café Press Web Hosting ($6.95/month): $20.85

  • Yahoo Web Page Hosting & Revenue Share ($39.95/month + 1.5% of sales): $510.05

  • Fulfillment Services: $2,069.25

  • Freight (postage): $512.64

  • Michigan &Texas Sales Tax (collected monthly, paid quarterly): ($188.18)
    • Michigan Sales tax paid: $4.78
    • Texas Sales tax paid: (2009 show paid in 1st quarter of 2010) $183.40
  • Travel: $7.50 ("free" ticket for Executive Director to attend Quilt Market for Rose of Sharon kick-off)

    Total Expenses: $14,190.15



    Profit for 2010: $28,785.19


    Funds Allocated to Alzheimer's Research:
    Two studies pending.

    The AAQI is a totally volunteer organization. No individual is compensated in any way for their work. If you've got any questions, just ask Ami.

    Know that our success is due to the following individuals and companies listed below:
    • Bernina of America, FOUR aurora 440 sewing machines. They were used as donation incentives and awarded in 2006 and 2007.
    • Mallery Press, Inc.: Labor, office space, phone, email, web page, auction updating and processing, office supplies, publicity, and promotion from 2006 through 2007.
    • Beebe Moss, note card painting 2005-2007.
    • Robin June, Accountant, watching every penny (July 2007-present)
    • Peggy Mages, Priority: Alzheimer's Quilts registration
    • Diane Petersmarck, Priority: Alzheimer's Quilts, $1,000 Promise Registrar, Honor Roller, Priority: Alzheimer's Quilt Label Maker, auctioneer, updater of web pages.
    • Karen Musgrave, press releases.
    • Nancy Cooledge, feature stories.
    • Alexis Durham, Purple Patch Person.
    • Beth Hartford, Printing Czar.
    • Niki Gottesman, mover of web pages.
    • Kathie Veach, Research Protocol Advisor
    • Laura Robins-Morris, Honor Roll computer code.
    • Marty Lawrence and Mary Lecea, exhibit preparation.
    • Rebekkah Tario, photo tweaking.
    • Daphne Stewart, comment transcription and auction notification.
    • Flint volunteers: Mary Lecea, Rebekkah Tario, Ruth Murray, Ruth Langdon.
    • Julie Sefton, quilter of The Quilt Of Purple Patches
    • Lee Kirchner, logo rendering and CD and book photography
    • Anthony & Company, Inc., blank yardsticks for bottom sleeves of exhibit quilts
    • Nanette Zeller, photo-cropping and original CD cover design
    • Mike DiMichele, audio expertise for CD
    • Echo Swinford, hand-holding up the CD learning curve and DVD production
    • Doug and Simm Tessler, iPod movie of traveling exhibit.
    • Karey Bresenhan (Quilts, Inc.) and Brooke & John Flynn - Exhibition space for Priority: Alzheimer's Quilts sale at International Quilt Festival in Houston, TX. 2006, 2007, 2008, 2009, and 2010.
    • Alzheimer's Association (Houston & Southeast Texas Chapter) exhibit "walls" (2006) and staff support 2006-2009.
    • EE Schenck, fabric to cover walls in exhibit space at Houston International Quilt Festival, used 2006-2009.
    • Carol Downing, MasterTrack Productions, Inc. CD replication discount.
    • Ann Louise Mullard-Pugh, public relations.
    • Kathy Kennedy-Dennis, on-call quilter.
    • Kathy Kennedy-Dennis and Susan Pain, Houston Support Team
    • Donna Brisbin, State Solicitation Registration Facilitator, 2009
    • On-Site AAQI Volunteer Coordinators. These individuals saints supervised the traveling exhibit on-site. They coordinated with individual venues, other volunteers, and Ami. They were at the exhibit every hour it was open to the public and made sure it was appropriately staffed with volunteers. Often they were responsible for CD sales, set-up, and tear-down, too. These heroes did all this AND paid their own transportation, plus hotel and food. It is with supreme admiration that I thank the following superstars:
      • Ann Louise Mullard-Pugh (Road To California, January 2007; Denver National Quilt Festival, May 2007)
      • Sherry Whitford (Mid-Atlantic Quilt Festival, February 2007)
      • Ragi Marino and Naomi Adams (Dallas Quilt Guild Show, March 2007)
      • Karen Musgrave (Seams Like Fun Quilt Show, September 2007)
    • Flyer-printers, Sticker-printers, Pipe Bootie Makers, Skrunchie Sewers, and quilters who roll up their sleeves to help.
    • The White Glove Brigade & Quilt Police, giving hugs and keeping the quilts safe.