$2,400.00* EXPLANATION

5/16/2017 Both accounts were withdrawn $1,200.00 each, (Total of $2,400.00).  $1,610.00 applied to the 2017 NC & District 4 Tournament. $790.00 to reimburse NCCA checking account for support of two 2017 ACF National Tournaments as $300.00, and partial IRS application fees for form 1023. "determination letter" a letter of approval from the IRS as a tax exempt organization.  JR Smith paid all filling fees with NC Secretary of State and twice applied for NCCA Federal exemption status which was denied in 2011, losing the $1,000 application filing fee. Our second attempt was a $400 processing fee in 3/29/16 which was accepted under Form 1023-EZ.

2019 - $2,179.58* EXPLANATION

4/29/19 I withdrew $1,100.00 from Edward Jones and $1,079.58 from RBC Wealth Management because this was the amount in the cash account and I didn't have to sell off (liquidate) any account assets to produce the $1,100.00 cash.  I have withdrawn equal amounts from both our security accounts for the past 5 years so we could see the actual accumulation of each fund account and compare the two. RBC's portfolio is a little more risky (aggressive) than EJ so it has always out performed EJ over the years because of the conservativeness of EJ.  $1,100 - $1,079.58 = $20.42 less than from the EJ account.  I also wrote a ck to Charles Walker for a $100 contribution to the 11-Man Match between Alex and Michael Holmes, also purchased ball point pens, checkerboards, game recorder sheets, and 2 sets of 3-Move cards in 2019 out of the NCCA Oakridge checking account.

We have a combined securities account total of $22,032.31 after our 2019 tournament prize fund withdrawal. We have withdrew a total of $32,700.58 from our 2 broker accounts since inception. It appears we have deposited $20,475.00 principal into our 2 broker accounts since inception.  This year EJ was down  9% or $1,158.88  from $12,516.85 to $11,357.97 on 4/29/19 and RBC was down 5.5% or $753.93 from $13,607.85 to $12,853.92. A combined total of $1,912.81.  We were down EOY $4,817.26 from the December 2018 correction but gained back $2,904.45 by 4/29/19.

NCCA Annual Financial Expenses Report  |  NCCA Annual Financial Report