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Concerned Activists for Reform and Ethics

"I think it is important that MCRGO members are informed about how we are being treated."
- David K. Felbeck, President of MCRGO - October 24, 2003

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2003 Financial Report

Two reports are included on this page. The first report is actual (distributed on October 18, 2003 at the ERSC BoD meeting) and the second report is projected. It is interesting to note that MCRGO is losing money rapidly.

 

 

 

 

 

 

 

 

 

 

MCRGO FINANCIAL HIGHLIGHTS - SEPTEMBER YTD 2003

EXPENSES                                       YTD JULY   AUG/SEPT   YTD SEPT

STAFFING                                        $73,973    $13,434    $87,407
OFFICE, COMPUTER AND SUPPLIES                   $16,259     $5,418    $21,677
TRAVEL/EXPENSE                                   $5,112     $1,000     $6,112
WEBSITE EXPENSE                                  $7,248     $2,739     $9,987
POSTAGE                                         $18,637     $3,116    $21,753
PRINTING/MAILING                                $50,020    $15,803    $65,823
GUN SHOW & MERCHANDISE                           $2,723     $2,067     $4,790
LEGAL                                           $13,719         $0    $13,719
OTHER                                              $653       $266       $919
PROGRAM                                          $7,215     $4,576    $11,791
ANNUAL CONVENTION                                    $0     $6,610     $6,610

TOTAL EXPENSES                                 $195,559    $55,029   $250,588


REVENUE                                        YTD JULY   AUG/SEPT   YTD SEPT

MEMBERSHIPS                                    $166,849    $23,402   $190,251
MERCHANDISE                                      $4,959       $464     $5,423
NEWSLETTER ADS                                   $9,450     $1,675    $11,125
CONTRIBUTIONS                                    $4,496       $859     $5,355
AFFILIATE DUES                                  $11,087       $302    $11,389
PROGRAM AND OTHER                                $8,063     $4,176    $12,239
ANNUAL CONVENTION                                    $0     $6,630     $6,630

TOTAL REVENUE                                  $204,904    $37,508   $242,412

2003 GAIN/(LOSS)                                 $9,345   ($17,521)   ($8,176)

LOSS OF $52,103 FOR THE 2002 YEAR

LOSS YTD 9/2002   ($26,761)

MCRGO PROJECTED FINANCIALS 4th QUARTER 2003

EXPENSES                                            OCT        NOV        DEC

STAFFING                                        $10,139    $10,139    $10,139
OFFICE, COMPUTER AND SUPPLIES                    $2,300     $2,300     $2,300
TRAVEL/EXPENSE                                     $700       $700       $700
WEBSITE EXPENSE                                  $1,050     $1,050     $1,050
POSTAGE                                          $1,600     $1,600     $1,600
PRINTING/MAILING                                 $7,300     $7,300     $7,300
GUN SHOW & MERCHANDISE                             $450       $450       $450
LEGAL                                                $0         $0         $0
OTHER                                              $100       $100       $100
PROGRAM                                              $0         $0         $0
ANNUAL CONVENTION                                    $0         $0         $0

                             YTD SEPT               OCT        NOV        DEC
TOTAL EXPENSES               $250,588           $23,639    $23,639    $23,639

CUMULATIVE                                     $274,227   $297,866   $321,505


REVENUE                                             OCT        NOV        DEC

MEMBERSHIPS                                      $5,800     $5,225     $6,825
MERCHANDISE                                        $500       $500       $500
NEWSLETTER ADS                                       $0     $2,000     $1,000
CONTRIBUTIONS                                      $450       $450       $450
AFFILIATE DUES                                   $3,268     $3,268     $3,268
PROGRAM AND OTHER                                    $0         $0         $0
ANNUAL CONVENTION                                    $0         $0         $0

                             YTD SEPT               OCT        NOV        DEC
TOTAL REVENUE                $242,412           $10,018    $11,443    $12,043

CUMULATIVE                                     $252,430   $263,873   $275,916
Gain/(Loss)                   ($8,176)         ($21,797)  ($33,993)  ($45,589)

CASH IN BANK                  $15,000           ($6,797)  ($18,993)  ($30,589)
 

"Today, MCRGO is in the black and has been for months. And it will stay that way; I hired a CPA to handle your dollars. Memberships are processed within seven days. On Target generates nearly $4,000 in ad revenues each issue."
-Chuck Perricone (Reference: 'On Target' July/August 2003, Page 3)



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MCRGO is a registered service mark with the State of Michigan Department of Consumer and Industry Services as #M 04939. The Concerned Activists for Reform and Ethics (CARE) makes no claim to the service mark MCRGO, and is used within this website as a reference only.

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