AUDITED FINANCIAL STATEMENTS
for the year ending on September 30, 2010
STATEMENT OF FINANCIAL POSITION
FY 2009-2010
ASSETS
| Current Assets: | |
| Cash and Cash Equivalents |
$23,343
|
| Grants Receivable |
$67,541
|
| Total Current Assets |
$90,884
|
| Property and Equipment – Net of Accumulated |
|
| Depreciation of $8,394 |
$11,869
|
| Total Assets |
$102,753
|
LIABILITIES AND NET ASSETS
| Current Liabilities: | |
| Accounts Payable |
$3,525
|
| Accrued Wages |
$4,623
|
| Total Current Liabilities |
$8,148
|
| Net Assets: | |
| Unrestricted Net Assets |
$94,605
|
| Total Net Assets |
$94,605
|
| Total Liabilities and Net Assets |
$102,753
|
STATEMENT OF ACTIVITIES
FY 2009-2010
| Revenue: | |
| Individual Donations |
$28,817
|
| Foundation Grants |
$182,550
|
| Government Grants |
$49,502
|
| In-Kind Donations |
$16,825
|
| Fee for Service |
$6,920
|
| Interest Income |
$376
|
| Total Revenue |
$284,990
|
| Expenses: | |
| Program Services |
$218,992
|
| General and Administrative |
$73,384
|
| Fundraising |
$90,753
|
| Total Expenses |
$383,129
|
| Decrease in Net Assets |
($98,139)
|
| Net Assets, Beginning of Year |
$192,743
|
| Net Assets, End of Year |
$94,605
|
