Financial Report Year 2022

Friends of Hubbell
PO Box 25603 Scottsdale, Arizona  85255-5603

FOH Checking account Balance 1/1/2022

$51616.00

Income

Membership Donations $875.00
Vendor Booth Sales $905.00
Donated Item Sales to FOH $11190.00
Scholarship Donations $32500.00
Raffle Auction Sales (Pendleton) $880.00
Gallup Lodgers Grant (2 Awards) $10466.00
FoH Clothing Sales $110.00
Auction revenue $43234.00

Total Income

$100160.00

Expenses

Bulk Mailing Fees & Postage , PO Box $948.00
Printing & Copying $3932.00
Technology Contracting, Design Work $1260.00
Scholarships (8) $20500.00
FOH Board Donation (Manuelito, Authentic Native $750.00
FOH Board Liability Insurance Premium (Board, Auction) $1269.00
Corporation Commission Filing $10.00
FOH Storage, Gallup (Yearly Payment) $605.00
Auction Expenses, Supplies $2740.00
Accounting, Taxes CPA Fees $3020.00
Advertising Reimbursement $8049.00
FoH Board Auction Expense $6653.00
Gallup Community Center Rental/Cleaning $3116.00
Auction Security. (2/2022) $1550.00
Auction Fees (Auctioneers) $19423.00

Total Expenses

$73822.00

Wells Fargo Account Balance 1/1/2022 $51616.00
Income 2022 $100160.00
Less Expenses 2022 $73822.00
Balance Per Wells Fargo Statement 12/31/2022 $77954.00

Notes:

  • Scholarships awards 7@ $2,500, One at $3,000. (Burnham #1) in 2022
  • Two auctions held in  2022, May & September
  • City of Gallup May & September 2022 Lodgers Tax award funded all auction advertising
  • May 22’ and Sept 22’ were both record setting auctions. 139k and 182k.  Over 60% of items crossing the block were sold.
  • Large number of items donated in May/Sept Auction.
  • FoH Locker prepaid for 2023 to include discount and 1 month free storage
  • Bulk mail account funded for 2023 in anticipation of 2 auctions.

Frank Kohler
Treas., Chairman 1/04/2023

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