MACDC Finances 2010
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Statement of Activities July 1, 2009 - June 30, 2010 (audited) |
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Unrestricted |
Temp Restricted |
Total |
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Revenues |
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Grants and Donations |
$1,080,590 |
$1,080,590 |
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In Kind |
$45,806 |
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$45,806 |
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Dues and program fees |
$113,091 |
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$113,091 |
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Interest |
$1,411 |
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$1,411 |
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Sponsorship |
$38,300 |
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$38,300 |
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Rent |
$12,000 |
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$12,000 |
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Other |
$20,105 |
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$20,105 |
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Net assets released |
$773,508 |
($773,508) |
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Total revenue |
$1,004,221 | $307,082 |
$1,311,303 |
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Expenditures |
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Community Development Policy |
$258,019 |
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$258,019 |
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Member Initiatives |
$258,823 |
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$258,823 |
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Mel King Institute |
$285,051 |
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$285,051 |
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Insurance Program |
$5,796 |
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$5,796 |
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Indirect & Direct lobbying |
$70,552 |
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$70,552 |
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Western Massachusetts CD Collaborative |
$16,902 |
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$16,902 |
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General administrative & fundraising |
$93,807 |
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$93,807 |
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Total |
$988,950 |
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$988,950 |
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Change in Net Assets |
$15,271 | $307,082 |
$322,353 |
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Net Assets Beginning of the year |
$227,617 |
$244,140 |
$471,757 |
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Net assets at end of year |
$242,888 | $551,222 |
$794,110 |
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Statement of Financial Conditions June 30, 2010 (audited) |
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Assets |
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Cash and Cash equivalents |
$420,202 |
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Contracts receivable |
$396,149 |
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Other receivable |
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Prepaid expenses and deposits |
$3,994 |
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Property and equipments, net of accumulated depreciation |
$15,300 |
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Security Deposit |
$13,738 |
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Total assets |
$849,383 |
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Liabilities |
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Accounts payable and accrued expenses |
$39,003 |
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Withheld and accrued payroll taxes |
$1,530 |
| Deferred revenue |
$14,740 |
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Total Liabilities |
$55,273 |
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Net Assets |
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Unrestricted |
$242,888 |
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Temporarily restricted |
$551,222 |
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Total Net Assets |
$794,110 |
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Total Liabilities and Net Assets |
$849,383 |