OPEN Houston's financial report for the year ending December 31st, 2013 showed total income of $46,730, with the majority coming from an annual conference and membership dues. Total expenses for the year were $44,273, with the largest expenses being the annual conference and contract labor. This resulted in a change in net assets of $2,456. As of December 31st, 2013, OPEN Houston had total assets of $31,636, with $6,494 in its checking account and $7,642 in its PayPal account.

1. 1 File Name
OPEN Houston
1 Footer
Financial Update – Year End 2013
December 31st, 2013

2. Statement of Activities: Jan. 1st 2013 – Dec. 31st 2013
2 OPEN Year End 2013 Financials
INCOME
Indirect Program Service Revenues
Charter Membership Dues $ 12,750
EL Membership Dues 1,735
General Membership Dues 2,076
Total Indirect Program Service Revenues 16,561
Program Service Revenue
Annual Conference Revenues 29,138
General Seminars and Events 130
Total Program Service Revenues 29,267
TOTAL INCOME $ 46,730
EXPENSES
General & Administrative Expenses
Admin - Contract Labor $ 8,000
Finance Charges (CC & Bank Fees) 921
Legal & Professional Fees 5
Meeting Expense 1,285
Postage & Shipping Expense 16
Regus - Virtual Office Rental 828
Technology Related Expenses 2,805
National OPEN Contribution 1,500
Total General & Administrative Expenses 15,361
Program Expenses
Annual Conference 28,250
General Seminars & Events 663
Total Program & Administrative Expenses 28,913
TOTAL EXPENSES $ 44,273
CHANGE IN NET ASSETS $ 2,456

3. Statement of Position: Dec 31st 2013
3 OPEN Year End 2013 Financials
ASSETS
Current Assets
Cash – Checking Account $ 6,494
Cash - PayPal 7,642
Accounts Receivable (A/R) 17,500
Total Current Assets 31,636
TOTAL ASSETS $ 31,636
LIABILITIES
Liabilities
Deferred Revenue $ 20,250
Accounts Payable -
Total Liabilities $ 20,250
NET ASSETS
Unrestricted $ 8,930
Change in Net Assets 2,456
Total Equity 11,386
TOTAL LIABILITIES AND NET ASSETS $ 31,636