NACCU 2020-2021 Financial Statement

A summary of the financial results for the National Association of Campus Card Users follows.
Copies of the complete financial findings are available upon request.
For the Years ended June 30, 2021 (Audited) and June 30, 2020 (Audited)

Comparative Statement of Financial Position			2021	2020
Assets
	Cash and cash equivalents:		$ 314,044	$ 540,867
	Investments		$ 746,972	$ 423,435
	Accounts receivable:		-	-
	Deposits and prepaid equivalents:		33,432	33,878
	Property and equipment:		8,562	9,944
	(net of accumulated depreciation)		-	-

Total Assets:			$1,103,010	$1,008,124

Liabilities
	Accounts payable and accrued expenses:		$ 2,443	$ 698
	Accrued payroll and related expenses:		54,520	46,257
	Deferred Membership Dues:		206,336	376,285
	Note payable - current portion		79,765	83,371

Total Liabilities:			$ 343,064	$ 506,611

Net Assets
	Unrestricted:		$ 83,371	$ -
	Total Net Assets:		$ 676,575	$ 501,513
	Total Liabilities and Net Assets:		$1,103,010	$1,008,124


Comparative Statement of Activities			2021	2020
Unrestricted Net Assets
	Revenue and support:
	Membership Dues – college and corporate		$ 403,038	$ 469,797
	Conference/workshop fees		240,869	108,955
	Advertising revenue		4,670	5,900
	Interest revenue		16,028	26,233
	Gain (loss) on investments		107,509	(95,498)
	Forgiven PPP Loan		83,371	-
	Miscellaneous revenue		541	532

Total revenue and support:			$ 856,026	$ 515,919

	Expenses:
	Program Services
		Conference/workshop expenses:	193,993	245,402
		Member Services:	141,508	148,962
	Supporting Services
		General and Administrative:	262,092	300,874
		Association Development:	-	-


Total Expenses:			$ 597,593	$ 695,238



Increase/Decrease in Unrestricted Net Assets:			$ 258,433	$ (179,319)
Net Assets at the beginning of the Year:			501,513	680,832
Net Assets at the end of the Year:			$ 759,946	$ 501,513