2022 Year End Financial Statement
In 2022 the FAAMA Foundation began the year with $12,414. Income from donations totaled $7,694.20. Donations were both direct donations and from the recently discontinued Amazon Smile. Expenses totaled $1,188 this includes the convention fund raising expenses and required government filing fees. There were a total of $5,000 in scholarships awarded in 2022. Between a Certificate of Deposit and our Money Market account the Foundation earned $39.24 in interest. At the end of 2022 the Foundation had a total of $13,959.73 in its accounts.