Financial Report & Reporting Prospectus
NIOS
2016 July 1 – 2017 June 30
Compiled by Hp Swami, General Secretary of Advisory Board, from Sm. Abhaya Narain, Treasurer, notes etc.
INCOME
Donations
NIOS International – 26, 135
NIOS Nashville – 731
Vedabase.com – 8,374
SUB-TOTAL – 35,240
Book Sales
NIOS Int’l – 258.70
NIOS Nashville – 100.00
SUB-TOTAL – 358.70
TOTAL – $35,598.70
EXPENSES
1. Anjana Suta Academy – 7509*
2. India Dr. Sanaresh Bandhyopadyaya & others for printing and publication – 2,650*
3. Car Purchase - $3,500
4. Car Registration etc. - $639.25
5. Meta-soft Membership – 4,995*
6. Misc. Expenses – 205.18
7. South America Tour Including “Psychology and the Sacred”, printing ‘Solaris’ magazine - $2,000
8. Nashville Kirtan - $356.84
TOTAL – 30,229.27
SURPLUS
$5,369.43
BALANCES
(2017 Sep 24)
1. NIOS International - $21,648.63
2. NIOS Nashville - $45,211.26
3. US Bank Visa – 0
SUB-TOTAL - $66, 859.89
4. Integro, Oscar Natars, Professional Cinema Services Due - $2,000
5. Goloka Education, Ramanan Nagarajan, Sunday School Curriculum Design Services Due - ~$6,000 of $10,000 original contracted.
6. Automobile ~ $3500
SUB-TOTAL – 11,500
TOTAL - 78,359.89
* NOTES:
Expenses
1. Anjana Suta Academy (Hanumatpresaka Swami) - While traveling we receive and pay NIOS funds through ASA and keep simple but usually adequate records. Any money ASA received from NIOS should have been accounted and adjusted by 30 June 2016. We will try to find out the cause of this but for certain it was NIOS printing, publication or event expenses in Europe or South America.
2. India Dr. Samaresh – These are for publication of works such as the book Bharatiya Sanskriti and the forth coming Education in Ancient Indian and Making in Modern Times.
3. Meta-soft Membership – Is for professional help in obtaining grants from foundations.
PROSPECTUS
To improve accounting in this fiscal year we are proposing the following Chart of Accounts (COA):
1. Assets
1.1. Bank Accounts
1.1.1. NIOS International
1.1.2. NIOS Nashville
1.1.3. USB Visa
1.1.4. Petty Cash
1.2. Physical Assets
1.2.1. Inventory
1.2.2. Office Equipment
1.2.3. Building and Auto
1.3. Copyrights
1.4. Accounts Receivable
1.5. Misc.
2. Liabilities
2.1. Accounts Payable
2.2. Misc.
3. Income
3.1. Donations
3.1.1. Vedabase.com
3.1.2. HpS – Traveling Programs
3.1.3. Misc.
3.2. Sale of Books, Videos etc.
3.3. Misc.
4. Expenses
4.1. Office and Property Maintenance
4.1.1. Web-page
4.2. Book, CD, Periodical Publication
4.3. Projects
4.3.1. ‘Solaris’ magazine.
4.3.2. “Education in Ancient India and Man-making in Modern Times” book.
4.3.3. Vedabase.com
4.3.4. Art and the Sacred
4.3.4.1. Movie
4.3.4.2. Symposium Oct 2018, Lima, Peru.
4.3.5. Nashville Annual Labor Day Festival
4.4. Misc.