Home > Show Me The Money

Show Me The Money

Show Me The Money
The Alzheimer's Art Quilt Initiative has raised $157,595.50 for Alzheimer's research since January 2006.*

On January 2, 2008 the AAQI became a Michigan nonprofit corporation. Since that time we have earned approximately $14,984.06 in profit. Here's how the numbers shake out:



"Money IN / Money OUT" Report
(1-1-08 to 4-14-08)

Income:

Total Income: $18,426.25



Expenses:

  • Quilt Insurance for "Alzheimer's: Forgetting Piece by Piece:" $707.00
  • Licenses & Permits
    • Incorporation Fee: $20.00
    • IRS Application for Exemption Application (IRS): $750.00
  • Office Supplies
    • Deposit Stamp: $20.00
    • Credit card processing device/set-up fee: $156.15
  • Telephone: $102.77
  • Web Page Hosting & Revenue Share: $195.60
  • Credit Card Processing Fees: $103.39
  • PayPal Processing Fees: $80.19 (current through mid-March)
  • eBay.com Listing and Final Value Fees: $71.09 (February auction only)
  • Attorney Fees: (to set up nonprofit): No bill yet, but hang onto your hat.
  • Accountant Fees: $775.00
  • Fulfillment Services: $461.00
Total Expenses: $3,442.19



Profit so far this year: $14,984.06
Please note: we have not yet paid ALL our bills, the big one from the lawyer to help us set up the nonprofit and to fill out the forms for our 501(c)(3) has not come in yet. Neither have some other bills. When we get our (hands clasped, looking towards Heaven) tax-exempt status we will determine how much we can donate to Alzheimer's research without compromising the safety of the AAQI, and which research organizations will receive the funding. So far we're off to a GREAT start!


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.
  • Robin June, Accountant, watching every penny (July 2007-present)
  • Stellar Accounting, following the money trail (January 2006-March 2007)
  • Peggy Mages, Priority: Alzheimer's Quilts registration
  • Diane Petersmarck, Priority: Alzheimer's Quilts photo manipulation, $1,000 Promise Registrar, Honor Roller, and Houston Quilt Festival Label Maker.
  • Alexis Durham, Purple Patch Person.
  • Beth Hartford, Printing Czar.
  • Niki Gottesman, mover of web pages.
  • Laura Robins-Morris, Honor Roll computer code.
  • Marty Lawrence and Mary Lecea, exhibit preparation.
  • Tuesday volunteers: Mary Lecea.
  • 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.) Exhibition space for Priority: Alzheimer's Quilts sale at International Quilt Festival in Houston, TX. Nov 1-5, 2006 and Oct. 31- Nov. 6, 2007.
  • Alzheimer's Association (Houston & Southeast Texas Chapter) exhibit "walls" and staff support, 2006
  • EE Schenck, fabric to cover walls in exhibit space at Houston International Quilt Festival, 2006 and 2007
  • Carol Downing, MasterTrack Productions, Inc. CD replication discount.
  • Ann Louise Mullard-Pugh, public relations, Assistant Curator in-training.
  • Kathy Kennedy-Dennis, on-call quilter.
  • Kathy Kennedy-Dennis and Susan Pain, Houston Support Team
  • On-Site AAQI Volunteer Coordinators. These individuals saints supervise the traveling exhibit on-site. They coordinate with individual venues, other volunteers, and Ami. They are at the exhibit every hour it is open to the public and make sure it is appropriately staffed with volunteers. Often they are responsible for CD sales, set-up, and tear-down, too. These heroes do all this AND pay 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, March 2007)
    • Karen Musgrave (Seams Like Fun Quilt Show, September 2007)
  • Flyer-printers, Sticker-printers, Pipe Bootie Makers, Skrunchie Sewers and quilters to rollup their sleeves to help.
  • The White Glove Brigade & Quilt Police, giving hugs and keeping the quilts safe.

* $157,595.50 was raised for Alzheimer's research from January 2006 to December 2007. During that time I administered the Alzheimer's Art Quilt Initiative as an individual — with lots of help from volunteers all over the country. During the first six months I ran sales through my publishing company, Mallery Press, and wrote checks for the profits to the Alzheimer's Association to fund research. Then, I forwarded donations by others (for quilt rental fees, books, quilts, CDs, note cards, and dog kisses, etc.) directly to various chapters of the Alzheimer's Association. All donations were restricted to research. Most of the expenses of the AAQI were absorbed by me or my business. For a complete breakdown from January 2006 to December 2007, please click here.

Ami Simms
Founder & Executive Director, AAQI