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Financial History

PRIMA BALANCE SHEETS: 1991-2009
YEAR
INCOME
EXPENSES
OPERATING RECEIPTS
OVER (UNDER)
DISBURSEMENTS

YEAR END
CASH BALANCE

  
 
1991
$24,951.89
$18,855.06
$6,096.06
$23,585.75
 
1992
$15,623.60
$20,317.42
$(4,693.82)
$18,891.93
 
1993
$30,743.56
$16,822.49
$13,921.07
$32,813.00
 
1994
$21,549.20
$31,725.02
$(10,175.82)
$22,637.18
 
1995
$24,090.10
$19,167.58
$4,922.52
$27,559.70
 
1996
$26,277.69
$34,370.24
$(8,092.55)
$19,467.15
 
1997
$16,147.17
$18,621.89
$(2,474.72)
$16,992.43
 
1998
$21,236.48
$22,672.47
$(1,435.99)
$15,556.44
 
1999
$21,330.73
$20,531.56
$799.17
$16,355.61
 
2000
$26,254.09
$21,143.61
$5,110.48
$21,466.09
 
2001
$20,500.64
$19,922.59
$578.05
$22,044.14
 
2002
$17,828.92
$17,161.05
$667.87
$22,712.01
 
2003
$20,361.09
$13,974.85
$6,386.24
$29,098.25
 
2004
$23,471.13
$25,734.60
$(2,263.47)
$26,834.78
 
2005
$27,747.50
$32,396.83
$(4,649.33)
$22,185.45
 
2006
$20,556.94
$27,080.44
$6,523.50
$15,661.95
 
2007
$31,281.96
$23,517.83
$7,764.13
$23,426.08
 
2008
$31,134.90
$33,992.86
$(2,857.96)
$20,568.12
 
2009
  
$24,046.43
 
$15,865.56
 
$8,180.87
 
$28,748.99
 

 

FAQ:This comes up periodically:  Is PRIMA incorporated, tax exempt and does PRIMA need to file a tax return?

SHORT ANSWER(S):  No, yes, and only under certain conditions.

BACKGROUND:  PRIMA never incorporated because it was determined we could get an IRS determination of tax exempt status without being incorporated.  Dan Toohey of Dow Lohnes did this for PRIMA in 1981.According to the CPA who does our annual audit, PRIMA needs to file a 990 only if we begin to REGULARLY have gross receipts over $25,000.  This has only happened 6 times in the last 17 years.