CES 2013 Financial Report

Title CES 2013 Financial Report
Date 2014-09-12
File SPC-CES-2012 to 2013 Financial Statements.pdf

From: Jason Z Yin <Jason.Yin@shu.edu>
Date: Fri, Sep 12, 2014 at 10:36 PM
Subject: 2013 tax returns and statements


Dear CES Members,


I am pleased to report that CES did well for the year financially.  In terms of Income, the total net profit for the year is $9,567.  In terms of equity, the total CES net assets was $765,000 as of Oct. 31, 2013, 24% increase from last year (mainly due to the growth of stocks). Comparatively, as of October 31, 2003, the value of total CES assets was $403,875, including $200, 000 donation from Professor Gregory Chow in the year). Please find the forwarded IRS Tax Return Report and P/L Statement for (11/2012-10/2013). 


Many thanks to Mr. Joseph Yung, our accountant for compiling the report.


CES is now in its strongest financial position.


Best regards,