MACDC Finances 2011
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Statement of Activities July 1, 2010 - June 30, 2011 (audited) |
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Unrestricted |
Temp Restricted |
Total |
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Revenues |
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Grants and Donations |
$665,632 |
$665,632 |
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Member Dues |
$99,394 |
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$99,394 |
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Insurance Program Fees |
$22,000 |
$22,000 |
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Interest |
$964 |
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$964 |
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Sponsorship |
$46,510 |
$5,000 |
$51,510 |
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Rent |
$12,000 |
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$12,000 |
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Mel King tuition and event |
$20,850 |
$26,485 |
$47,335 |
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Other |
$2,572 |
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$2,572 |
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Net assets released |
$810,874 |
($810,874) |
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Total revenue |
$993,164 | ($91,766) |
$901,398 |
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Expenditures |
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Community Development Policy |
$253,332 |
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$253,332 |
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Member Initiatives |
$275,358 |
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$275,358 |
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Mel King Institute |
$303,290 |
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$303,290 |
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Insurance Program |
$11,495 |
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$11,495 |
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Indirect & Direct lobbying |
$40,018 |
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$40,018 |
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General administrative & fundraising |
$102,785 |
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$102,785 |
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Total |
$986,278 |
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$986,278 |
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Change in Net Assets |
$6,886 | ($91,766) |
($84,880) |
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Net Assets Beginning of the year |
$242,888 |
$551,222 |
$749,110 |
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Net assets at end of year |
$249,774 | $459,456 |
$709,230 |
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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 |
$467,527 |
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Accounts receivable |
$302,711 |
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Prepaid expenses |
$3,953 |
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Property and equipments, net of accumulated depreciation |
$12,509 |
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Security Deposit |
$13,738 |
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Total assets |
$800,438 |
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Liabilities |
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Accounts payable and accrued expenses |
$52,447 |
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Payroll related withholdings |
--- |
| Deferred revenue |
$38,761 |
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Total Current Liabilities |
$91,208 |
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Net Assets |
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Unrestricted |
$249,774 |
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Temporarily restricted |
$459,456 |
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Total Net Assets |
$709,230 |
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Total Liabilities and Net Assets |
$800,438 |