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Financial update

04 Dec 2017 12:14 AM | Christopher May (Administrator)

Here is a brief updating on the financial affairs of the AZ Mushroom Society as of Dec. 4th. These are preliminary numbers that will likely change before the end of the year. 

We currently have 421 members in good standing, living in 305 different households. 10 of our members are Life Members. 

The Society holds $9,986.81 in assets (Wells Fargo checking account and PayPal account) and has no liabilities. Total revenue so far this year is $22,715.20, of which $500 is donations, $3555.01 is membership dues, and $18,660.19 is from our special events, particularly the NAMA foray. Our total operating expenses have been $18,660.17, about $16,700 of which were spent on special events, so our net increase in assets for the year thus far is $4,055.03. 

At Saturday's meeting, we will discuss programs of charitable, scientific, and educational value that we can fund with our surplus. If you have an idea, please come to the meeting and speak up, or contact one of the officers of the society.

If anyone would like to see our financial statements, they are available for inspection here:

We can also provide supporting documentation to anyone who requests it.


Copyright (c) 2015-7, Arizona Mushroom Society, Inc. • 14627 E. Paradise Dr., Scottsdale, AZ 85268 • (480) 326-6863
The AMS is a 501(c)(3) tax-exempt, tax-deductible Arizona non-profit corporation.

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