Document dn4VLmJ87GG3DydKwLJgqDxLQ

LEAD INDUSTRIES ASSOCIATION, INC 292 MADISON AVENUE NEW YORK, N. Y. 10017 TELEPHONE-ARE* CODE 212 OR 9-6020 January 11, 1968 SUBJECT: YEAR-END BALANCE SHEET DECEMBER 31. 1967 To the Board of Directors of Lead Industries Association, Inc. Attached please find the year-end balance sheet of the Lead Industries Association. The Association's books will be audited in the near future and as soon as their report is received for the year 1967 a copy will be sent you. Sincerely yours DM5:so Attr David M. Borcina Secretary, Treasurer ( ! Look Ahead with Lead LI&C2272 N 3661 Page - 3 - LEAD INDUSTRIES ASSOCIATION, PTC. STATEMENT OP EXPENSES January 1 - December 31, 1967 SCHEDULE "A" EXPENSES - ADMINISTRATIVE: ACTUAL EXPENSE 1. Salaries 2. Payroll Taxes $204,630.) ) 6,417.) 3. Pension Premiums 18,774. 4. Busniess Insurance 5. Group Insurance 1,044.) ) 2,284.) 6. Rent 19,440. 7. Travel & Expenses 39,237. 8. Annual & Committee Meetings (net) 3,008. 9. Professional Fees (Legal, Auditing & Consulting) 3,850. a 00 10. Annual Statistical Review 11. Printing & Office Supplies 12. Telephone & Telegrams 5,913. 6,045. 13. Postage & Express 4,932. lk. Subscriptions - Books & Periodicals 1,002. 15. Furniture & Fixtures 3,437. l6. Office Services 8,423. 17. Temporary Office Help 1,831. 18. Tech. Assn. Membership Dues 1,556. 19. Miscellaneous Total All Administrative Expenses 1,391. $333,762. 1967 BUDGET $200,000. 18,000. 2,000. 20,000. 45,000. 3,000. 3,500. 650. 6,000. 5,000. 7,000. 1,300. 2,000. 7,000. -0700. 2,000. $323,150. UlAC23^ Page - 4 - LEAD INDUSTRIES ASSOCIATION, INC. STATEMENT OF EXPENSES January 1 - December 31 , 1967 SCHEDULE "B" EXPENSES - PROMOTION & DEVELOPMENT: ACTUAL EXPENSE 1. Quarterly Publication "Lead" 2. Conventions & Exhibits 3 Lead Abstracts 4. Reprints of Technical Articles 5. Test Programs 6. Illustrative Expenses-Publication & Adv. 7. Motion Picture, "The Lead Matrix": a. General Distribution b. U.S.B.M. 8. Monograph 9. Corrosion Handbook 10. Annual Reviev 11. Apprentice Contest 12. National Shooting Sports Foundation 13. Steel Structures Painting Council 14. Contingency-Material from ILZRO 15. Space Advertising: a. Architectural & Construction b. Cable Program c. Industrial Battery Program d. Pigments & Chemicals Program e. Solder, Teme & Design Engineer Program f. Color Coding Program g. Misc. Production Costs h. Scientific American l6. Sweet's Catalog Files: a. Architectural & Construction b. Solder, Teme & Design Engineer Program 17. Booklets A Publications: a. Architectural & Construction b. Battery Publications c. Ceramic Supplements d. Color Coding Booklet 18. Reprints of "Facts About Lead" 19. Miscellaneous Promotion Expenses $ 35,535. 17,086. 12,443. 9,470. 647 3,991. 8,955. 30,677. -0-0- 83. 801. 650. 1,000. 1,344. 66,401. 12,197. 37,917. 22,936. 30,515. -022,803. 5,662. 10,581. 3,974. 6,896. 943. 160. -0- 5,027. 1,676. Note: Total AH Promotion & Development Expenses $390, 370. (3) This project though originally approved, vas cancelled by the Bd. of Directors in April 1967 1967 BUDGET $ 37,000. 19,000. 12,000. 10,000. 10,000. 5,000. 16,000. 30,000. 3,000. 5,000. 1,000. 1,500. 650. 1,000. 10,000. 67,400. 12,100. 36,800. 22,200. 31,900. 37,500.(3) 25,000. 5,700. 9,600. 3,700. 5,000. 3,000. 2,000. 5,000.(3) -05,000. $433,090. LIAC?37c January 9, 1968 LEAD INDUSTRIES ASSOCIATION, INC. BALANCE SHEET December 31, 19 67 ASSETS CURRENT ASSETS: CASH Operating: Checking Account Savings Accounts Petty Cash Account $ 22,104. 30^,778. $326,882. .200 $327,082. ACCOUNT RECEIVABLE: Air Travel Deposit Grand Total All Assets LIABILITIES AND FUND BALANCES .423 $327,507- CURRENT LIABILITIES: FUND BALANCES: LIA Operating Fund 12/31/67 Health & Safety Fund 12/31/67 Grand Total All Liabilities & Fund Balances NONE $185,024. 142,483. $327,507- LI A02373 N 3661.01 Page - 2 - LEAD INDUSTOIES ASSOCIATION, arc. STATEMENT OF RECEIPTS, DISBURSEMENTS & FUND BALANCES January 1 - December 31* 1967 LIA FUND ACHJAL 1967 EXPENSE BUDGET HEALTH & SAFETY FUND ACHJAL 3W EXPENSE BUDGET INCOME: 1. ASSESSMENTS: Membership Ind. Devel. (Pig Lead Sales) 2. Interest on Savings 3. Service Fee - Health & Safety $104,724. 567,559. 9*261. 6,000. $101,000. 546,000. -0- -0- $ 31*426. 174,631. [$199*000. 4. Reimb. for Publications 5. Miscellaneous Income Total All Income 2,132. 181. $689,857. -0-0$647,000. $206,057. $199,000. ADMINISTRATIVE EXPENSE - SCHEDULE "A" PROM. & DEVEL. EXPENSE - SCHEDULE "B" Total All Expenses $333,762. $323,150. 350,370. 433,050. $684,132.(1) $756,200. Excess - Income over Expenses $ 5*725. Fund Balances l/l/6T 184,846. Transfer to Health & Safety Fund (5,547.) Fund Balances 12/31/67 $185,024. ' -Note: (l) In addition there was $19*386. disbursed relating to 1966 Accounts Payable. -069,121. $ 69,121. -0200,000. $200,000. $136,936. -05,547. $142,483.