2018 KGFA Annual Report

(Consolidated Statements of Financial Position)

Assets

2018

2017

2016

Assets

Cash

2018

$494,209

2017

$995,552

2016

$497,361

Assets

Prepaid Expenses and Taxes

2018

$42,557

2017

$11,294

2016

$14,249

Assets

Investments

2018

$21,000

2017

$21,000

2016

$21,000

Assets

Cash Surrender Value of Insurance

2018

$78,735

2017

$78,180

2016

$76,429

Assets

Marketable Securities available for sale

2018

$527,441

2017

$199,523

2016

$384,888

Assets

Property and Equipment, Net of Depreciation

2018

$495,134

2017

$573,548

2016

$590,633

Assets

Total Assets

2018

$1,659,076

2017

$1,879,096

2016

$1,584,560

Liabilities and Net Assets

2018

2017

2016

Liabilities and Net Assets

LIABILITIES

2018

2017

2016

Liabilities and Net Assets

Accounts and Taxes Payable

2018

$60,602

2017

$80,846

2016

$45,975

Liabilities and Net Assets

Unearned Revenue

2018

$52,250

2017

$57,200

2016

$36,000

Liabilities and Net Assets

Income Taxes Payable

2018

--

2017

--

2016

--

Liabilities and Net Assets

Notes Payable

2018

--

2017

$6,655

2016

$6,655

Liabilities and Net Assets

Deferred Compensation

2018

--

2017

--

2016

$184,645

Liabilities and Net Assets

TOTAL LIABILITIES

2018

$112,852

2017

$144,701

2016

$273,275

Liabilities and Net Assets

2018

2017

2016

Liabilities and Net Assets

NET ASSETS

2018

2017

2016

Liabilities and Net Assets

Unrestricted
Undesignated

2018

$1,408,466

2017

$1,578,652

2016

$1,154,193

Liabilities and Net Assets

Designated
Scholarship

2018

$137,758

2017

$155,745

2016

$157,091

Liabilities and Net Assets

Net Assets

2018

$1,546,224

2017

$1,734,396

2016

$1,311,284

Liabilities and Net Assets

TOTAL LIABILITIES AND NET ASSETS

2018

$1,659,076

2017

$1,879,097

2016

$1,584,560

Revenues

2018

2017

2016

Revenues

Membership Investment

2018

$259,715

2017

$246,715

2016

$259,316

Revenues

Member Services, Convention and Other

2018

$498,971

2017

$1,064,619

2016

$631,267

Revenues

Contract Services

2018

$647,000

2017

$705,375

2016

$802,500

Revenues

TOTAL INCOME

2018

$1,405,686

2017

$2,016,709

2016

$1,693,083

Expenses

2018

2017

2016

Expenses

Member Services, Conventions, Legislative and Other

2018

$678,236

2017

$690,502

2016

$664,400

Expenses

Support Services

2018

$915,622

2017

$903,096

2016

$906,299

Expenses

TOTAL OPERATING EXPENSES

2018

$1,593,858

2017

$1,593,598

2016

$1,570,699

Expenses

Increase (Decrease) on Net Assets before Taxes

2018

($188,171)

2017

$423,111

2016

$122,383

Expenses

Income Taxes

2018

--

2017

--

2016

--

Expenses

Net Increase (Decrease) after Taxes

2018

($188,171)

2017

$423,111

2016

$122,383

2018 Midwest Management Solutions, Inc. Annual Report

Assets

2018

2017

2016

Assets

Cash/Other Receivables

2018

$44,847

2017

$40,681

2016

$28,346

Assets

Prepaid Expenses

2018

--

2017

--

2016

--

Assets

TOTAL ASSETS

2018

$44,847

2017

$40,681

2016

$28,346

Liabilities and Equity

2018

2017

2016

Liabilities and Equity

LIABILITIES

2018

2017

2016

Liabilities and Equity

Accounts Payable

2018

$45,023

2017

$45,023

2016

$43,023

Liabilities and Equity

Income Tax Payable

2018

--

2017

--

2016

--

Liabilities and Equity

Total Liabilities

2018

$45,023

2017

$45,023

2016

$43,023

Liabilities and Net Assets

2018

2017

2016

Liabilities and Net Assets

EQUITY

2018

2017

2016

Liabilities and Net Assets

Common Stock

2018

$5,000

2017

$5,000

2016

$5,000

Liabilities and Net Assets

Retained Earnings

2018

($5,176)

2017

($9,343)

2016

($19,678)

Liabilities and Net Assets

Total Equity

2018

($176)

2017

($4,343)

2016

($14,678)

Liabilities and Net Assets

TOTAL LIABILITIES & EQUITY

2018

$44,847

2017

$40,681

2016

$28,345

Revenues

2018

2017

2016

Revenues

Renew Kansas

2018

$140,000

2017

$140,000

2016

$140,000

Revenues

Seaboard Foods

2018

$24,000

2017

$24,000

2016

$24,000

Revenues

Kansas Veterinary Medical Association

2018

--

2017

$59,375

2016

$142,500

Revenues

Mechanical Contractors Association of Kansas

2018

$6,000

2017

$6,000

2016

$6,000

Revenues

Reimbursed Expenses

2018

--

2017

--

2016

--

Revenues

TOTAL INCOME

2018

$170,000

2017

$229,375

2016

$312,500

Expenses

2018

2017

2016

Expenses

Administrative

2018

$164,345

2017

$217,486

2016

$301,799

Expenses

Seaboard Foods

2018

$139

2017

$220

2016

$205

Expenses

Kansas Veterinary Medical Association

2018

--

2017

$54

2016

$1,118

Expenses

Mechanical Contractors Association of Kansas

2018

$1,349

2017

--

2016

--

Expenses

Renew Kansas

2018

--

2017

$1,280

2016

$1,429

Expenses

TOTAL OPERATING EXPENSES

2018

$165,833

2017

$219,040

2016

$304,551

Expenses

Income (Loss) before Taxes

2018

$4,167

2017

$10,335

2016

$7,949

Expenses

Income Taxes

2018

--

2017

--

2016

--

Expenses

Net Income (Loss) after Taxes

2018

$4,167

2017

$10,335

2016

$7,949
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