Dear Board and Fellow ACA Members,
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Here are the January 2022 Financial Statements for your review. Please bear in mind these are not audited statements and may be subject to revision later. This is the most accurate information our accountants have made available at this time.
Treasurer’s Report
These Financial Statements are posted on the blue ACA service website at acawso.org. Click on Board Treasurer’s Report on the side menu to view this report.
Balance Sheet
CLICK HERE TO VIEW THE JANUARY 2022 BALANCE SHEET
In reviewing the Balance Sheet, we can see ACA WSO ended the month with $932,223 in Total Assets. The previous month was $906,924, resulting in an increase of $25,299.
Our Total Cash and Cash Equivalents (Account 1000) increased by $3.8k. Inventory Assets (Account 1400) show a net increase of $17.5k, due to a large order of Yellow Workbooks, less the normal sell-through of Inventory.
WSO’s Total Liabilities & Equity was $923,223 at the end of the period. This is an increase of $25,299 from the previous month. Net Income for the month of January is $13,373.
Note that the Equity Section includes Restricted Net Assets, which was created as a result of the International Literature Scholarship Fund. The month of January is showing a balance of $7,236. Unrestricted Net Assets balance is $809,092.
Profit & Loss Statement – Current and Previous Month
CLICK HERE TO VIEW THE JANUARY 2022 PROFIT & LOSS STATEMENT
Looking at the P&L we can see Total Income for the month was $170.1k, showing an increase of $21.1k from the prior month. Total Income includes Shopify and Amazon Sales, and 7th Tradition Contributions. Shopify sales were $63.5k, showing an increase of $15.5k from the prior month. Amazon sales were $68.7k, showing an increase of $19.6k from the prior month. Contributions from 7th Tradition will be addressed below.
The combined Cost of Goods Sold (COGS) was $100.8k which was higher than the prior month’s $78.8k COGS. This left WSO with a Gross Profit of $69.3k before operating expenses.
WSO Expenses on the P&L include payroll, overhead and operating expenses. Overall WSO Total Expenses were $55.9k this month, which were lower than the prior month by $13.0k. After deducting expenses from the Gross Profit, WSO was left with net Income of $13,373 for the month.
If after reviewing these financial statements you have any questions, please feel free to contact me at [email protected] or on Slack at Fredrik H Sweden.
7th Tradition Contribution Report
WSO received $35,077 in 7th Tradition Contributions for the month from members, groups, intergroups and regions. Contributions decreased $9.6k from the prior month. There were 6 contributions that were $500 or more, totaling $8,529.
We received 12 contributions of $4,225 for the International Literature Scholarship Fund. Last month funds were sent to So Africa for their initial printing the Big Red Book and Loving Parent Guidebook.
A huge thank you to those who contributed to help ACA continue to meet the growing need of the program throughout the world.
WSO has created an electronic 7th Tradition basket using Venmo@acawso for contributions from inside the US and can still also easily accept contributions worldwide in our online shopping cart at shop.adultchildren.org. We can also accept Zelle transfers by contacting either [email protected] or [email protected] for the details. Please let your fellow travelers know ACA depends on contributions to fund the rapidly expanding fellowship services’ needs.
To see the 7th Tradition Contributions for the month, click the link below or go to the 7th Traditions tab in the right-side menu of the acawso.org website.
CLICK HERE TO VIEW THE 7TH TRADITION CONTRIBUTIONS FOR THIS MONTH
In closing if you are interested in service at the world level, we would welcome you to join our committee and learn more about the finances of WSO while helping us build solid bonds with our members, groups, intergroups, and regions.
In service,
Fredrik H., Treasurer
ACA WSO
