Denmark Historical Society
Annual Treasurer’s Report
June 9, 2018
To the members of the society:
Please find attached the Profit & Loss Statement covering the period from June 11, 2017 through June 9, 2018 and the Balance Sheet for June 9, 2018.
The society has been very fortunate this past year. We have received donations of $15,000 to fund our digitization and tech upgrade project, and nearly $1,800 for acquisitions. The investment of the building fund in the Maine Community Foundation has increased by over $6,900.00 and now stands at just over $88,900. as of March 31, 2018.
We have currently earmarked monies for the following:
Birch Cove Fund (digitization) $8,390.65
Acquisition Fund 2,387.51
Collections Fund 1,642.79
And unrestricted cash of $14,031.78.
Our membership numbers are: Single – 10; Family – 8; and Lifetime – 44.
We have 9 Sponsors.
Respectfully submitted,
Daniel W. Eaton, Treasurer

Profit & Loss Report
June 11, 2017 through June 9, 2018
Receipts:
Donations:
Birch Cove for Digitization
10,000.00
Anonymous for Digitization
5,000.00
Denmark Lions
500.00
Acqusition Fund
1,795.13
Other
1,164.47
Total Donations:
18,459.60
Memberships
1 Lifetime
500.00
8 Family
200.00
10 Single
150.00
Total Memberships:
850.00
Sponsors:
9 Sponsors
450.00
Program Income:
621.00
Misc. Inc.:
45.00
Total Receipts:
20,425.60
Disbursements:
Collection
12,309.35
Acquisitions
2,077.62
Memberships & Subscriptions
334.40
Contributions
600.00
Misc. Exp.
250.00
Website
240.87
Depreciation
213.34
Postage
105.28
Professional Fees
100.00
Total Disbursements:
16,230.86
Ordinary Income:
4,194.74
Maine Community Foundation
Gain on Investment
5,169.98
Interest Earned
2,975.14
Manager Fee
-508.04
Admin Fee
-726.00
Gain on Investment:
6,911.08