AUDITED FINANCIAL STATEMENTS
for the year ending on September 30, 2011
STATEMENT OF FINANCIAL POSITION
FY 2010-2011
ASSETS
| Current Assets: | |
| Cash and Cash Equivalents |
$71,508
|
| Grants Receivable |
$145,430
|
| Total Current Assets |
$216,938
|
| Property and Equipment – Net of Accumulated Depreciation of $12,194 |
$8,069
|
| Total Assets |
$225,007
|
LIABILITIES AND NET ASSETS
| Current Liabilities: | |
| Accounts Payable |
$3,896
|
| Accrued Wages |
$1,506
|
| Total Current Liabilities |
$5,402
|
| Net Assets: | |
| Unrestricted Net Assets |
$159,605
|
| Temporarily Restricted Net Assets |
$60,000
|
| Total Net Assets |
$219,605
|
| Total Liabilities and Net Assets |
$225,007
|
STATEMENT OF ACTIVITIES
FY 2010-2011
| Revenue: | |
| Individual Donations |
$29,864
|
| Nonprofit and Foundation Grants |
$183,000
|
| Government Grants |
$261,656
|
| In-Kind Donations |
$39,222
|
| Fee for Service |
$11,468
|
| Interest Income |
$146
|
| Total Revenue |
$525,356
|
| Expenses: | |
| Program Services |
$304,715
|
| General and Administrative |
$53,234
|
| Fundraising |
$42,407
|
| Total Expenses |
$400,356
|
| Increase in Net Assets |
$125,000
|
| Net Assets, Beginning of Year |
$94,605
|
| Net Assets, End of Year |
$219,605
|
