LH Financials [Archive] - Lansing Heritage Forums

porschedpm

12-03-2004, 07:22 PM

December 31st is the last day to make a charitable contribution and be able to deduct it for 2004 . If you haven't decided who to endow your millions to yet, might I suggest you donate just a small portion towards the maintenance of this site. $5, $10, $20, $25, $30.....or whatever. Every little bit helps. It's easy. Just click the 'Donate' icon in the upper right corner.

boputnam

04-01-2006, 02:55 PM

LH Financials - Q1 2006

Titanium Dome

04-01-2006, 03:12 PM

Thanks for doing this Bo, and for posting it.:applaud:

louped garouv

04-04-2006, 02:15 PM

yep good to see... and fast too... thanks for keeping up with this stuff Bo!

and i am no CPA either (still studying),
without researching, I think that the donations go under operations and not financing -- typically the financing section will include such things as stocks/bonds (Issuance, repurchases, redemptions, dividends, yada yada yada)

I submit that the receipt of donation income here on LHS is more of a day to day operations type activity.

Investment section is typically things like major equipment, buildings etc....

again, this is without research, so proceed with caution...

I can look into this in a few weeks if anyone really wants me to...

here is a brief outline... taken from here... http://www.investopedia.com/articles/01/110701.asp

The following is a list of the various areas of the cash flow statement and what they mean:

Cash flow from operating activities (http://www.investopedia.com/terms/o/operatingcashflow.asp) - This section measures the cash used or provided by a company's normal operations. It shows the company's ability to generate consistently positive cash flow from operations. Think of "normal operations" as the core business of the company. For example, Microsoft's normal operating activity is selling software.
Cash flows from investing activities (http://www.investopedia.com/terms/c/cashflowfinvestingactivities.asp) - This area lists all the cash used or provided by the purchase and sale of income-producing assets. If Microsoft, again our example, bought or sold companies for a profit or loss, the resulting figures would be included in this section of the cash flow statement.
Cash flows from financing activities (http://www.investopedia.com/terms/c/cashflowfromfinancing.asp) - This section measures the flow of cash between a firm and its owners and creditors. Negative numbers can mean the company is servicing debt but can also mean the company is making dividend payments and stock repurchases, which investors might be glad to see.

spkrman57

04-04-2006, 02:21 PM

I appreciate your efforts and those from other folks that make this site possible!

Ron

:applaud: :applaud: :applaud:

boputnam

04-04-2006, 04:19 PM

and i am no CPA either (still studying), I expected this to (de..)generate some discussion.

This "business" isn't really one, so normal treatment is confusing (to me :blink: )

wrt donations, I believe you are right and had debated so with myself. You can check the financials of other non-profits - Red Cross, Doctors Without Borders, etc. - they put these on the P&L as ""Public Support" (US GAAP). But, until I get some details from Don and how he wants things done I chose to not show them on the P&L, for now. These are not revenues, and this is not an operating company. So, awaiting guidance I tried to at least show the (limited) flows of cash - we can argue about where they properly go. For now, I chose to show donations as sources of financing. We have never before gotten anything but a Balance Sheet (and those were rare...), and maybe that's all that is relevant. The rest is just armchair accounting of Don's hobby!!

On your argument about Investing Cash Flows - the expenses were for a capital project (Project May), and not for operations, per se. I think they are correct where they are. And, that investment will be amortized when the "build" goes into service.

We have no operating costs (thanks to John Nebel) and the only other expenses are software, which I await receipts / accounting for, and for John Nebel to give me a depreciation schedule (I'm guessing 6-months is about normal for software... :p ). When those inputs come in, we can build better financials.

Up to recently - certainly before Project May - this was bootstrap funding to re-imburse Don for webhosting and software costs. With Project May and perhaps other endeavors, it might serve to detail where the funds are going. That is what I'm trying...

When I get detailed instructions from Don I'll revise the statements, accordingly.

porschedpm

04-04-2006, 06:34 PM

Hi, Bo. I applaud you in your efforts to be as detailed and accurate as possible. But IMHO, The only information you really need to convey to us members through financial statements is:

Beginning Cash Balance
+How much money did the Forum take in and from what source
-any collection fees
-How much the LH Forum spent and on what
=Ending Cash Balance (should equal the bank balance)

Which is basically your Cash Flow Statement. You could do a similar statement showing the change in the Net Assets for the Project May if someone needed to know what the value of those assets are. Of course to comply with GAAP, you'd have to show a Balance Sheet, Statement of Operations, Statement of Changes in Net Assets, and a Statement of Cash Flows. And we'd probably have to have a separate fund for the operations of the Forum and separate fund for capital projects such as Project May. But unless we are borrowing money from a bank, have sold stock in this Forum and are reporting to shareholders, or need Financial Statements to include in a return to the IRS, I don't think we should overly complicate what is basically reporting the cash position of the Forum. For all intents and purposes we're just a simple club whose contributions are used to keep the website going. With maybe a side project or two going.

boputnam

04-04-2006, 09:01 PM

Yea, I agree.

I had gone around-and-around on the options and decisions that could be made. But, I think it's all quite moot.

IMO, all that is needed is a very simple cash-flow statement (non parsed), and the resultant impact to the cash balance.

Don's relationships, and the incredible support of John Nebel (do we really realize the constancy and magnitude of this? Pinch me...) make this a very simple case. So long as this endures, we have no need for a P&L, or OpCF, or FinCF, or anything other than what I consider a modified InvCF, which is what I posted.

Thanks for the input.

louped garouv

04-05-2006, 06:46 AM

i agree too.... best to keep it as simple as possible, and complex as necessary

complexity does not really seem necessary for LHS purposes...

when i first started studying accounting i used to think more things were black and white.... its amazing how many 'clear-cut' issues generate so much discussion WRT accounting treatment....

again, i thank you for your volunteer time and efforts, anything is better than nothing -- and it is prety easy to see what is going on by what you presented

(THAT is what's most important!)

:applaud:

boputnam

04-05-2006, 07:57 AM

So then, maybe this is sufficient?

This also incorporates a needed edit to adjust for a timing issue - that is of showing the prior period cash balance (rather than a "transfer of funds from D. Leisz").

4313B

04-05-2006, 08:08 AM

Wow! I'm surprised that there was $950 in site donations this past quarter. Speaking of quarters, that's nearly a quarter per member.

boputnam

04-05-2006, 08:12 AM

Wow! I'm surprised that there was $950 in site donations this past quarter.:yes: Fantastic.

And, the donations have continued into Q2 - even after we curbed the softporn... :rotfl:

We will reimburse Don for the current version of vBulletin - and await him submitting the bill - and some other lingering "payables" that are just now coming through.

4313B

04-05-2006, 08:20 AM

And, the donations have continued into Q2 - even after we curbed the softporn... :rotfl: No way dude! Seriously? :p

porschedpm

04-05-2006, 08:28 AM

So then, maybe this is sufficient?

Now you're getting the hang of it. Concise and informative. You're a natural at this. Polish up you Excel spreadsheet skills, buy a copy of Turbo Tax, and next thing you know you're damn-near an accountant.

Titanium Dome

04-05-2006, 08:29 AM

No way dude! Seriously? :p

See, we're not totally useless. :rotfl:

louped garouv

04-05-2006, 08:33 AM

... and next thing you know you're damn-near an accountant.

you have no idea..... :blink:

porschedpm

04-05-2006, 08:34 AM

Apparently soft porn sells:

glen

04-11-2006, 11:25 PM

:yes: Fantastic - even after we curbed the softporn... :rotfl:

Still plenty of speakerporn here.
Can't get enough pictures!

boputnam

07-03-2006, 09:22 AM

Current financials, through Q2 2006

4313B

07-03-2006, 09:23 AM

Oh goodie! :applaud:

Hi Dad! Send me more monies. :D

Thanks for the report Bo.

boputnam

07-03-2006, 10:04 AM

Hi, Dad! Send me more monies. :DNot without receipts, sonny. :scold:

Now, go clean your room... :p

4313B

07-03-2006, 10:27 AM

Now, go clean your room... :pIt's a hopeless task... I need help.

grumpy

07-03-2006, 11:52 AM

If you need help cleaning your room, you're on your own.
If there's something I can do within my capabilities, I'm happy to help.

-grumpy

4313B

07-03-2006, 12:17 PM

If you need help cleaning your room, you're on your own.
If there's something I can do within my capabilities, I'm happy to help.

-grumpyAre you a surgeon? I need opposable thumbs. :crying:

grumpy

07-03-2006, 01:19 PM

I have a nice/mostly clean exacto-knife set, and wouldn't mind the practice.
BYOC (chloroform). :rotfl:

-grumpy

boputnam

10-12-2006, 06:17 PM

Apologies for not being more punctual - it's festival season, and frankly, if it ain't black and doesn't weight a ton, it doesn't get touched...

.

Rolf

10-13-2006, 12:40 AM

Thanks for the info bo.

boputnam

10-13-2006, 08:50 AM

Expenses
Bo,

Thanks for the financials just posted.

I am curious about the project May expense being the only and major sigificant outlay when for all intensive purposes the project is dormant.

Can you please elaborate.

Ian
(from a pm)Hi, Ian...

I sure can.

First, May is not dormant, but is moving ahead with some new ideas and renewed interest. There was a spell of "deep thought" when no dust was flying but that is now past.

Following are the accounting and receipts - the $470.60 was reimbursed entirely to Widget. I paid him by personal check and then reimbursed myself electronically - this avoids PayPal fees. I have redacted personal info of the Widget and me.

btw, there was some astonishing individual generosity this past Q.

boputnam

10-14-2006, 06:27 PM

Ian pm'd me feeling my posting of his pm was an affront and that it could make him look as if he mistrusted the accounting. On the contrary, I felt his questions raised some good points which might have been shared by others, so I took the effort to post the detail.

Routinely, I don't plan to post detail unless Don thinks it necessary or members express interest. With the free web hosting and support by John Nebel and friends, there really isn't that much detail, afterall.

As always though, the "books" are completely open.

(FWIW - if you want to donate and wish to avoid PayPal fees, a personal check to me gets it done, with documented transfers in the books).

As always, thanks for the support.

boputnam

11-05-2006, 08:54 PM

As always, thanks for the support.There's recently been a renewed showing of support. I know Don didn't now, and never has, asked for anything from us, but thanks from me - I can see it arriving.

I believe Don will be posting an updated contributors listing in the near future. If you wish to remain anonymous, or prefer the donation be noted solely in your "noms de plume" (pen name) please send a pm to me.

boputnam

01-04-2007, 05:48 PM

Updated financials.

Project May expenses comprised:
- two 1500AL Woofer (15" K2S9800)
- one modelling software package

Thanks for the continued financial support, all. Each and every bit adds up!

As always, thanks to John Nebel and Ann Cantelow for the donation of the servers and tech support, respectively!

speakerdave

01-05-2007, 12:19 PM

Hi Bo,

I thought the woofers were a donation from JBL. Did some get broke?

David

boputnam

01-05-2007, 04:17 PM

Hi, David...

Yea, although I don't know all the details.

One was damaged early-on during testing of cabinet design(s) over a year-ago; another got (seriously..) dinged in transit. It is my understanding Don had intended on funding this, but he has been out-of-pocket on personal business for some time - his absence started after the order was placed and continues after driver delivery, so the Mods decided to fund this until Don's return. Seemed the least that could be done.

As Don's absence has become unexpectedly prolonged, we have since ceased Project May purchases until his return.

Hofmannhp

01-06-2007, 08:08 AM

nice job Bo, thanks in the name of all members for your work:applaud:

HP

invstbiker

01-07-2007, 05:27 PM

Ya know, after all, it's this site of do-gooders that keep the do-gooders from getting into big trouble. Think I'll make a $25.00 donation, just because. How 'bout a $25.00 challenge to ALL, I'll go first, who'll join me? Looks like the fund could use an infusion...Come on guys giddyup....If you haven't saved at least 25 bucks being a member here, I'll buy you a beer!!...

invstbiker

01-12-2007, 11:46 PM

SAD REALLY :( , Are ya all cheap? OK, fine, the beers flowin...

Titanium Dome

01-13-2007, 10:55 AM

SAD REALLY :( , Are ya all cheap? OK, fine, the beers flowin...

Frequenting this site COSTS me money. However, I will be making another contribution soon to match your challenge. Can I still get free beer?

invstbiker

01-13-2007, 02:29 PM

YOU BET!! :D

Titanium Dome

01-13-2007, 03:43 PM

YOU BET!! :D

OK, done. How do I get my beer? :cheers:

invstbiker

01-13-2007, 03:47 PM

Dome, That's a very fair question, the answer is.. next time you're in the PHX area or the Black Hills in the summer, Look me up and I'll hook-U-up...:D

DavidF

01-15-2007, 07:03 PM

"... How 'bout a $25.00 challenge to ALL, I'll go first, who'll join me? Looks like the fund could use an infusion...Come on guys giddyup....If you haven't saved at least 25 bucks being a member here, I'll buy you a beer!!...

Done...

DavidF

boputnam

01-16-2007, 10:51 AM

Ha! It's working! They are stepping-up to the challenge!
Nice...

invstbiker

01-16-2007, 05:23 PM

Can you believe? Not sure how many "active" members here, but for a lousy 25 bucks, In my estimation, well worth it. Where else can you get JBL comaraderie and jeering combined? :applaud: Come on guys open those wallets...

Hofmannhp

01-17-2007, 08:24 AM

Hi All,

my next donation is the Truck loaded with beer for our first Lansing Heritage Meeting Germany 2007 which starts on Friday 19th. :cheers:

HP

invstbiker

01-28-2007, 06:41 PM

How many members here that have gained something from this forum? I would venture a guess that many have. Pretty sad showing for a little fundraising :( . :bs:

JBL Dog

01-29-2007, 01:15 AM

How many members here that have gained something from this forum? I would venture a guess that many have. Pretty sad showing for a little fundraising :( . :bs:

Okay, make me feel bad! $25.00 is heading to Bo through cyberspace. Budweiser Select is my poison!

:cheers:

opimax

01-31-2007, 06:36 PM

the statement of how much money I have saved since coming here, for me 0!

How much money have I spent on JBL stuff since coming here, thousands...

How is my hearing? it is going but I am so much happier now :applaud::applaud:

Come on $25 is so last century...$50!!!

Mark

invstbiker

01-31-2007, 06:55 PM

Dude, Now we're talking!! :applaud:

Rolf

01-31-2007, 11:49 PM

I believe $100 a year should be enough from every member (active) using the forum. That should do it.

Right bo?

invstbiker

02-04-2007, 08:12 PM

I believe $100 a year should be enough from every member (active) using the forum. That should do it.

Right bo?

GIDDY UP ROLF, Is that 100 EURO's?..:applaud:

boputnam

04-07-2007, 11:12 AM

Updated financials.

Thanks to all for the continued financial support.

As always, thanks to John Nebel and Ann Cantelow :wave: for the donation of the servers and tech support!

Rolf

04-07-2007, 11:39 PM

Thanks for the update bo.

boputnam

04-26-2007, 08:37 PM

Hey gals and guys...

We are seeking a new Treasurer for the forum - I have outlasted my "use by date".

It would be cool if this transition happened soon, before the current Q is ended. I've got all the backup detail (Excel), and can 'splain how I've been compiling and tallying PayPal downloads. It is terribly straightforward!

Please pm Don McRitche, Mr. Widget and Robh3606 - clumped as Admisitrators - with your interest.

Thanks, and thanks to all for the continuing financial support!

:applaud:

Titanium Dome

04-26-2007, 08:52 PM

kingjames

04-26-2007, 09:07 PM

I'll second that, Bo!

Rolf

04-27-2007, 11:14 AM

I would not trust the suggested people a dime!:p '
Please find somebody else.

Hofmannhp

05-03-2007, 12:50 AM

Hey gals and guys...

We are seeking a new Treasurer for the forum - I have outlasted my "use by date".
.......
Thanks, and thanks to all for the continuing financial support!
:applaud:

Hi Bo,

first of all, ..thanks for your work.

it's not my opinion to do this job...:D,
but it may be helpfull to describe in short words what the treasurer has to do and how much time it needs. I think it should be a "long time" member based in US or Canada.

HP

JBLRaiser

05-04-2007, 11:32 AM

Nothing like being in the black. Great work, I appreciate you.

boputnam

07-09-2007, 07:15 PM

Updated financials.

Thanks to all for the continued financial support. Support for The AES Eargle Memorial fundraising was very impressive, and that is now a stand-alone donation option here on the Lansing Heritage Forum.

As always, we thank John Nebel and Ann Cantelow :wave: for the donation of the servers and tech support!

.

boputnam

10-14-2007, 05:19 PM

Lame-oh financials... :o:

I apologize to you all. I have been swamped with serial work-related international travels, and un-ending gigs whenever I touch down. Sorry - the 3Q financials are necessarily delayed. I simply don't have bandwidth to get through all the generous giving and reconcile to last Q.

However, attached is a screenshot of the current treasury.

Separately, and additional to all this, during the period $3,500 was sent to AES funding your contributions to the "AES John Eargle Memorial Scholarship". What an pleasure it was to send that check. I am honored to have been your emissary.

I leave for a mini-tour tomorrow at 0-dark-thirty. It is likely I can compile things in the evenings - if not, I will surely get it done on my return before month's end.

bo

4313B

10-14-2007, 05:24 PM

$3,500 was sent to AES funding your contributions to the "AES John Eargle Memorial Scholarship".Very nice! :yes:

indycraft

10-16-2007, 09:26 PM

Thank you Bo for taking care of business. :applaud:

Indy

boputnam

10-22-2007, 05:52 PM

Very nice! :yes:This just in... :)

Mr. Widget

10-22-2007, 09:43 PM

Thanks Bo... :bouncy:

What a great way to remember such an icon and fine man.

Widget

scott fitlin

10-24-2007, 10:11 AM

Excellent, Bo, you have been a most outstanding member and treasurer of our forum.

Nice to see LH members made such a generous contribution to The Eargle Scholarship Fund. Impressive, indeed!

:)

boputnam

11-05-2007, 02:21 PM

Updated financials.

Thanks to all for the continued financial support.

My apologies for the tardy report and reconcilation. My schedule has been difficult to maintain, let alone keep up with and get all things done. This languished, because there was nothing pressing. The money is safe and sound. I finally did this today on my laptop while flying to Toronto.

As always, we thank John Nebel and Ann Cantelow :wave: for the donation of the servers and tech support!

.

boputnam

01-13-2008, 06:49 PM

Updated financials.

As always, many thanks to all for the continued financial support.

hjames

01-13-2008, 06:57 PM

Again, three cheers for Bo's ceaseless work managing the money and keeping us updated with all of this!

boputnam

04-29-2008, 03:22 PM

Updated financials.

Project May expenses date to an end of January purchase of new compression drivers to fill the current compliment of drivers for the project. These are JBL Pro's latest issue, with Be diaphragms, and are a great fit to the present crossover topology and cabinet design plan. The prior compression drivers - NIB - are to be sold to reimburse treasury.

Sorry to be a bit late - business travels kept invading my well-laid plans...

Thanks, all! :)

timc

04-30-2008, 11:26 AM

Hm...

How do i donate?

-Tim

boputnam

04-30-2008, 06:52 PM

Hi, Tim...

Thanks for the interest!

There's a "donate" button at the upper-right corner of every page view. Above the "Welcome, timc" noise. PayPal able...

:)

timc

05-03-2008, 01:28 AM

Hi, Tim...

Thanks for the interest!

There's a "donate" button at the upper-right corner of every page view. Above the "Welcome, timc" noise. PayPal able...

:)

Doooh.................:P

Anyway. Some $$ is heading your way. Don't use all of it on crystal meth.

-Tim

johnaec

05-03-2008, 08:49 AM

Barbecue at Bo's! :D

John

boputnam

05-05-2008, 10:41 AM

Some $$ is heading your way. Nice, thanks. Will account for it in 2Q 2008 financials.

Don't use all of it on crystal meth.I don't use drugs - I'm not qualified...

Barbecue at Bo's! :DAnytime, but not with LH funds. These are under my personal guarantee to Don and the forum.

boputnam

09-08-2008, 08:26 AM

Updated financials to end of 2Q.

Hi, gentle readers. Sorry these are quite tardy - it's been a busy festival season for me, and those trips became nearly seemlessly intertwinned with business trips! Makes for one tired fader cowboy...

Anyway, a few days ago I was "bumped" by the Project May Team for the balance update, as it seems some woodworking it about to resume for May. Stay tuned... :bouncy:

As always, thanks to all for their unfailing support. Contributions range from monetary to services to real-world experiences - it all sums to make this place what it is. :)

Rolf

09-08-2008, 10:52 AM

Do we (LHF) need more $$ at this time? Please let us know.

Titanium Dome

09-08-2008, 08:59 PM

We're waiting for word on a possible new fundraiser. Stay tuned. We just need the big Canadian's okay.

Guido

09-09-2008, 01:34 AM

The prior compression drivers - NIB - are to be sold to reimburse treasury.

Where?
When?

boputnam

11-17-2008, 05:32 PM

Updated financials to end of 3Q.

As rumored, woodworking has resumed for May. Yeah, baby...

invstbiker

11-17-2008, 07:36 PM

This, In my opinion is why this should be a subscription forum. $38.00 income for the qtr? Please...:barf:

Bo, Thanks for all your hard work!

Mr. Widget

11-17-2008, 10:06 PM

This, In my opinion is why this should be a subscription forum. $38.00 income for the qtr? Please...:barf:
I agree... I saw that and attempted to remedy the situation... hopefully a few others will too.

Bo, Thanks for all your hard work!:yes:

Widget

BMWCCA

11-18-2008, 06:00 AM

It's the button in the top right corner of your browser window: http://images.paypal.com/images/x-click-butcc-donate.gif

(I can't seem to make this one a live link so you'll have to use the one at the top of the page!)

JBLRaiser

11-18-2008, 07:40 AM

$25:) Anybody else got game?

hjames

11-18-2008, 07:48 AM

$25:) Anybody else got game?

Sure - I'll spot'cha!

Done deal (couple hours ago ...!)

Titanium Dome

11-18-2008, 11:23 AM

We had an idea and and offer for a fundraiser a while back, but we never got the OK from the top. The Foam Trends guys were ready to step up with something cool.

If someone (Widget, Bo, Rob?) can get the big guy's approval, we can try to resurrect it.

opimax

11-18-2008, 02:46 PM

I was going to match this but I'll wait till i get a chance for new grills for my 250s :applaud:

Mark

PS I lied, I contributed :)

boputnam

12-03-2008, 11:24 AM

Thanks received for our memorial gift in honor of Sanna Serog.

:)

BMWCCA

12-03-2008, 12:26 PM

I got a very nice card from them, too, last week. Seems like a wonderful organization. Too bad it took such a tragic event to bring them to our attention!

All the best.

Doc Mark

12-03-2008, 12:46 PM

Hi, Friends,

Sweet Bride and I, too, received a nice card of thanks from them. Looks to be a wonderful organization, and that really makes having made a donation to them a very good thing. I agree that it's too bad that it took Sanna's passing to make it happen, but God does move in mysterious ways, and has a plan for each of us, as far as we're concerned. To one and all who contributed, "Well done"!! Take care, and God Bless!

Every Good Wish,
Doc