2021-02-22 OMA Agenda - Board of Trustees (002)

Obesity Medicine Association Balance Sheet Prev Year Comparison As of December 31, 2020

Dec 31, 20

Dec 31, 19

$ Change

ASSETS

Current Assets

Checking/Savings MetLife Shares

$

-

$

-

$

-

10001 - MidFirst Bank

832,940.37

336,327.37

496,613.00

10050 - Petty Cash

-

230.50

(230.50)

Total Checking/Savings

832,940.37

336,557.87

496,382.50

Accounts Receivable

10600 - Accounts Receivable 125

28,106.33 -

98,368.00 -

(70,261.67) -

Other

Total Accounts Receivable

28,106.33

98,368.00

(70,261.67)

Other Current Assets 12120 - Receivable - Amazon

-

-

12120 - Receivable Amazon

413.24

185.93

227.31

12205 - Due From/To OTF

2,858.75

10,480.17

(7,621.42)

13000 - Prepaid Expenses

21,709.18

67,293.32

(45,584.14)

13001 - Prepaid Rent

-

10,671.24

(10,671.24)

13002 - Prepaid Postage

850.00

-

850.00

Total Other Current Assets

25,831.17

88,630.66

(62,799.49)

Total Current Assets

886,877.87

523,556.53

363,321.34

Fixed Assets

17100 - Accum Depr - Furn and Equip

(104,164.61)

(91,992.12)

(12,172.49)

15000 - Furniture and Equipment

139,711.60

133,581.68

6,129.92

Total Fixed Assets

35,546.99

41,589.56

(6,042.57)

Other Assets

18300 - Investment Accounts

Stifel 4044-2357

687,193.74

323,497.15

363,696.59

Stif 7721-7968 Current Inc Port

687,875.59

688,203.28

(327.69)

Stifel 6770-5016 Int Term Bonds

633,995.29

724,989.98

(90,994.69)

Stifel EC46 3917-3260

3,454,138.02

3,578,575.40

(124,437.38)

Stifel EC46 4895-8499

104,776.16

552,967.41

(448,191.25)

Total 18300 - Investment Accounts

5,567,978.80

5,868,233.22

(300,254.42)

18700 - Security Deposits

500.00

-

500.00

Total Other Assets

5,568,478.80

5,868,233.22

(299,754.42)

TOTAL ASSETS

6,490,903.66

6,433,379.31

57,524.35

LIABILITIES & NET ASSETS

Liabilities

Current Liabilities Accounts Payable

-

20100 - Accounts Payable

7,343.05

36,752.14

(29,409.09)

20105 - American Express

17,875.33

137,580.10

(119,704.77)

Other Current Liabilities

20200 - Sales Tax Payable

1,146.00

398.86

747.14

20250 - Deferred Revenue - Exh,Spon,Ads

83,465.00

424,608.00

(341,143.00)

20253 - Deferred Revenue - Registration

13,939.00

62,351.00

(48,412.00)

20255 - Deferred Revenue - Membership

918,146.18

834,195.94

83,950.24

24100 - Accrued Leave and Payroll

16,816.45

15,924.89

891.56

Total Other Current Liabilities

1,033,512.63

1,337,478.69

(303,966.06)

Total Current Liabilities

1,058,731.01

1,511,810.93

(453,079.92)

Total Liabilities

1,058,731.01

1,511,810.93

(453,079.92)

Net Assets

Unrestricted Net Assets

5,432,172.65

4,921,568.38

510,604.27

Total Net Assets

5,432,172.65

4,921,568.38

510,604.27

TOTAL LIABILITIES & NET ASSETS

$

6,490,903.66

$

6,433,379.31

$

57,524.35

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