treasurer’s
REPORT—IYNAUS FINANCES
Financial Report for 2013 By David Carpenter For the past several years, the IYNAUS Board of Directors has been attempting to improve the association’s financial performance. I am pleased to report that these efforts bore fruit in 2013. In addition to the fact that we realized a profit from the San Diego regional conference and convention, 2013 was the first year in some time in which revenues from our other activities exceeded the associated expenses. At the same time, our financial results in 2013 were influenced by events that cannot be counted on in future years, and the board of directors is now considering investing in new initiatives to promote Iyengar Yoga. Thus, while the 2013 results were gratifying, we will continue to pursue measures to increase our revenues, to be vigilant in controlling our other expenses, and to rely on our members’ generosity in donating time and other resources for IYNAUS’ programs. Below is a table that summarizes IYNAUS’ revenues and expenses for each of the past four calendar years (for convenience, I have moved all revenues and expenses associated with the 2010 Portland convention, the 2011 Chicago regional conference, the 2012 Washington, D.C., regional conference, and the 2013 San Diego convention and regional conference to the year in which each event occurred). This table shows that 2013 was, comparatively speaking, a successful year financially.
IYNAUS PROFIT AND LOSS STATEMENT REVENUES
2010
2011
2012
2013
Dues (less regions’ shares)
85,825
72,650
84,920
74,360
Event revenues (including receivables)
84,513
35,366
-24,000
48,968
Store revenues less cost of goods (store sales at events are in parenthesis)
112,055 (70,000)
69,522 (3389)
58,443 (6053)
82,062 (7565)
Charitable contributions to IYNAUS
7,485
4,750
1,720
1,550
Yoga Samachar advertising revenue
0
0
0
4,000
22,600
16,580
16,785
16,743
Assessment fees and manual
48,895
47,985
46,850
63,784
Bellur donations
23,726
7,658
4,290
26,717
TOTAL REVENUES
385,099
254,511
189,008
314,184
Bellur donations
23,726
7,658
4,290
26,717
Salaries and employment taxes
79,864
76,807
64,531
69,817
Production expenses for Yoga Samachar
24,044
22,012
25,516
24,242
Assessment expenses
48,108
52,470
54,559
63,818
Legal fees
12,358
13,919
17,631
0
Website design and maintenance
46,659
29,002
25,929
21,082
IYNAUS board meeting travel expenses
10,304
12,035
10,532
12,413
Bookkeeping
12,750
5,475
4,853
1,550
Office supplies and expenses
7,487
6,004
5,981
11,499
Merchant and bank fees (for store)
27,212
22,565
15,429
17,696
Nonemployee insurance and taxes
7,054
5,612
2,434
3,896
TOTAL EXPENSES
299,566
253,559
231,685
248,730
NET REVENUE
85,533
952
-42,677
65,454
NET REVENUE—Exclusiding convention/regional conferences and store sales made at these events
-68,980
-37,803
-24,720
8921
Unrestricted Revenue
Restricted Revenue Certification mark (less payments to India) Earmarked Revenue
EXPENSES
34
Yoga Samachar Spring/Summer 2014
