Press Release 2004-6 CONJOSE FINANCIAL REPORTS RELEASED
SAN FRANCISCO SCIENCE FICTION CONVENTIONS, INC. A California Non-Profit Corporation PO Box 61363, Sunnyvale CA 94088-1363 USA [EMAIL PROTECTED]; http://www.sfsfc.org/ For immediate release: Tuesday, August 17, 2004 ConJose Issues 2004 Financial Report, Restates 2003 Report ConJose, the 2002 World Science Fiction Convention (Worldcon), has issued its financial reports to the World Science Fiction Society (WSFS) for the fiscal year ending June 30, 2004. ConJose also issued a minor restatement of its 2003 Report. As of June 30, 2004, the remaining surplus of ConJose subject to WSFS reporting requirements was $7,878. ConJose's parent non-profit corporation, San Francisco Science Fiction Conventions, Inc. (SFSFC), formally discharged the ConJose Worldcon Operating Committee at the SFSFC Board of Directors meeting on July 17, 2004. SFSFC then established a ConJose Asset Management Committee and charged it with managing the remaining assets and residual responsibilities of ConJose', including preparing reports to WSFS. After filing their 2003 report with WSFS, the ConJose committee discovered a number of minor errors and adjustments affecting their report for the period ending June 30, 2003. The net change in total income was $287. ConJose submitted a restatement of their 2003 report along with their 2004 report. Copies of ConJose's 2004 report to WSFS are available for download from their parent corporation's web site at http://sfsfc.org/press/CJReport2004WSFSBM.pdf. Copies of the restated 2003 report are available for download at http://sfsfc.org/press/CJReport2003WSFSBM- restatement.pdf. As expected, ConJose had nearly no income in fiscal year 2004, while it continued to pay residual expenses of the 2002 Worldcon, pass surplus funds to its successors, and fund grants issued by SFSFC Inc. ConJose's total income from inception through June 30, 2004 was $982,113. Convention operating expense was $817,162, and net non-operating expense (mostly currency fluctuation) was $4,904, for a convention available surplus of $160,047. Out of this, ConJose paid $107,952 in membership reimbursements to qualified program participants, committee, staff, and volunteers, and $39,467 in "pass-along funds" grants to its three successor Worldcons, as well as $4,750 in grants authorized by SFSFC. Worldcons are required to issue reports to the annual business meeting of WSFS held at each Worldcon. Worldcons that generate a surplus of revenue over expenses must submit reports to WSFS annually until the surplus is totally expended or an amount equal to the original surplus has been disbursed. The ConJose Asset Management Committee, in their cover letter to their reports, stated that SFSFC has issued or authorized $5,600 in additional grants after June 30, 2004. Under SFSFC direction, the committee expects to disburse the remaining surplus funds of the 2002 Worldcon over the next year or two and to make ConJose's Final Report to either the 2005 or 2006 WSFS Business Meeting. San Francisco Science Fiction Conventions, Inc. is a California non-profit corporation recognized as tax- exempt under US Internal Revenue Code 501(c)(3). Contact: SFSFC Inc.: Kevin Standlee [EMAIL PROTECTED] You received this message because you are on the ConJose press release mailing list, or because you are subscribed to a mailing list that is on the ConJose press release mailing list. To be removed from this list, please write to [EMAIL PROTECTED] SFSFC and ConJose apologize for duplicate messages you may receive on account of this announcement being sent to multiple mailing lists. "ConJose" and "ConFrancisco" are service marks of San Francisco Science Fiction Conventions, Inc., a California non-profit corporation. "Worldcon" is a registered service mark of the World Science Fiction Society, an unincorporated literary society.
