MACDC Finances
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Statement of Activities July 1, 2007 - June 30, 2008 (audited) |
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Unrestricted |
Temp Restricted |
Total |
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Revenues |
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Grants and Donations |
$202,500 |
$590,000 |
$792,500 |
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Dues and program fees |
$112,345 |
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$112,345 |
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Interest |
$6,695 |
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$6,695 |
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Events Sponsors |
$96,645 |
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$96,645 |
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Other |
$14,065 |
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$14,065 |
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Net assets released |
$632,951 |
$(632,951) |
$ - |
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Total revenue |
$1,065,201 |
$(42,951) |
$1,022,250 |
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Expenditures |
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Public Education |
$166,303 |
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$166,303 |
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Community Development |
$269,452 |
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$269,452 |
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Member Initiative |
$336,210 |
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$336,210 |
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Insurance Program |
$9,103 |
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$9,103 |
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Indirect lobbying |
$22,628 |
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$22,628 |
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Direct lobbying |
$22,765 |
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$22,765 |
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Western Massachusetts Project |
$66,350 |
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$66,350 |
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CBN |
$87,311 |
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$87,311 |
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General and administrative |
$70,098 |
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$70,098 |
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Total |
$1,050,220 |
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$1,050,220 |
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Net |
$14,981 |
$(42,951) |
$(27,970) |
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Net Assets Beginning of the year |
$192,805 |
$202,081 |
$394,886 |
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Net assets at end of year |
$207,286 |
$159,130 |
$366,916 |
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Statement of Financial Conditions June 30, 2008 (audited) |
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Assets |
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Cash and Cash equivalents |
$337,036 |
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Contracts receivable |
$86,799 |
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Other receivable |
$2,283 |
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Prepaid expenses and deposits |
$6,460 |
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Property and equipments, net of accumulated depreciation |
$22,282 |
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Security Deposit |
$5,500 |
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Total assets |
$397,338 |
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Liabilities |
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Accounts payable and accrued expenses |
$91,838 |
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Withheld and accrued payroll taxes |
$1,606 |
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Total Liabilities |
$93,444 |
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Net Assets |
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Unrestricted |
$207,786 |
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Temporarily restricted |
$159,130 |
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Total Net Assets |
$366,916 |
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Total Liabilities and Net Assets |
$460,360 |