THE LOS ANGELES CHAMBER ORCHESTRA SOCIETY, INC. AND AFFILIATE AUDITED COMBINED FINANCIAL STATEMENTS TABLE OF CONTENTS June 30, 2009

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "THE LOS ANGELES CHAMBER ORCHESTRA SOCIETY, INC. AND AFFILIATE AUDITED COMBINED FINANCIAL STATEMENTS TABLE OF CONTENTS June 30, 2009"

Transcription

1 AUDITED COMBINED FINANCIAL STATEMENTS TABLE OF CONTENTS June 30, 2009 Page Number INDEPENDENT AUDITOR S REPORT... 1 AUDITED FINANCIAL STATEMENTS Combined Statement of Financial Position... 2 Combined Statement of Activities... 3 Combined Statement of Functional Expenses... 4 Combined Statement of Cash Flows... 5 Notes to Combined Financial Statements... 6

2 INDEPENDENT AUDITOR S REPORT Board of Directors The Los Angeles Chamber Orchestra Society, Inc. and Affiliate Los Angeles, California We have audited the accompanying combined statement of financial position of the Los Angeles Chamber Orchestra Society, Inc. and Affiliate (LACO), a nonprofit organization, as of June 30, 2009, and the related combined statements of activities, functional expenses and cash flows for the year then ended. These financial statements are the responsibility of LACO's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the combined financial position of the Los Angeles Chamber Orchestra Society, Inc. and Affiliate as of June 30, 2009, and the combined changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. Los Angeles, California October 7, 2009

3 COMBINED STATEMENT OF FINANCIAL POSITION June 30, 2009 (with comparative totals for 2008) ASSETS Temporarily Permanently Unrestricted Restricted Restricted Total Total CURRENT ASSETS Cash Cash and cash equivalents $ (20,350) $ 106,500 $ 13,949 $ 100,099 $ 245,531 Reserve-restricted 125, , ,000 Reserve-ticket trust/operating 953, ,510 1,025,177 TOTAL CASH 933, , ,949 1,178,609 1,395,708 Investments 267,884 1,598,683 1,866,567 2,337,815 Grants and contributions receivable 201, , , ,750 Prepaid and other assets 71,628 71, ,445 TOTAL CURRENT ASSETS 1,473, ,500 1,737,632 3,932,856 4,110,718 CONTRIBUTIONS RECEIVABLE, NET 402, , ,090 PROPERTY, NET 23,881 23,881 18,515 TOTAL ASSETS $ 1,497,605 $ 1,124,050 $ 1,737,632 $ 4,359,287 $ 4,320,323 LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable $ 209,901 $ $ $ 209,901 $ 64,692 Advance ticket sales 528, , ,177 Accrued expenses 24,288 24,288 20,088 TOTAL CURRENT LIABILITIES 762, , ,957 NET ASSETS Unrestricted Undesignated 42,022 42,022 74,567 Designated operating reserve 425, , ,000 Designated endowment 267, , ,046 TOTAL UNRESTRICTED 734, ,906 1,136,613 Temporarily restricted 1,124,050 1,124, ,263 Permanently restricted 1,737,632 1,737,632 1,851,490 TOTAL NET ASSETS 734,906 1,124,050 1,737,632 3,596,588 3,635,366 TOTAL LIABILITIES AND NET ASSETS $ 1,497,605 $ 1,124,050 $ 1,737,632 $ 4,359,287 $ 4,320,323 See notes to combined financial statements. 2

4 COMBINED STATEMENT OF ACTIVITIES Year Ended June 30, 2009 (with comparative totals for 2008) Temporarily Permanently Unrestricted Restricted Restricted Total Total OPERATING REVENUE Musical performance: Outside concertscontracted services $ 88,982 $ $ $ 88,982 $ 558,766 LACO concerts-ticket sales 819, , ,328 Interest and dividend income 78,726 78, ,526 Gift shop sales, ticket handling and other revenue 38,291 38,291 32,296 Realized investment gains (losses) (239,297) (239,297) 25,892 Unrealized investment losses (171,647) (113,858) (285,505) (395,710) TOTAL OPERATING REVENUE 614,802 (113,858) 500,944 1,102,098 OPERATING EXPENSES Program services 2,760,535 2,760,535 3,470,893 Management and general 359, , ,204 TOTAL OPERATING EXPENSES 3,120,112 3,120,112 3,865,097 CHANGE IN NET ASSETS FROM OPERATING ACTIVITIES (2,505,310) (113,858) (2,619,168) (2,762,999) NON-OPERATING ACTIVITIES Grants and contributions 1,373, ,960 2,283,433 2,089,232 Donated materials, services and facilities 83,189 83,189 43,593 Fundraising events, net 604, , ,312 Development costs (390,653) (390,653) (314,819) Net assets released from restrictions 433,173 (433,173) CHANGE IN NET ASSETS FROM NON-OPERATING ACTIVITIES 2,103, ,787 2,580,390 2,231,318 CHANGE IN NET ASSETS (401,707) 476,787 (113,858) (38,778) (531,681) NET ASSETS AT BEGINNING OF YEAR 1,136, ,263 1,851,490 3,635,366 4,167,047 NET ASSETS AT END OF YEAR $ 734,906 $ 1,124,050 $ 1,737,632 $ 3,596,588 $ 3,635,366 See notes to combined financial statements. 3

5 COMBINED STATEMENT OF FUNCTIONAL EXPENSES Year Ended June 30, 2009 (with comparative totals for 2008) Program Services Supporting Services Concerts and Management Total Total Recordings Promotion Total and General Development Total All Funds All Funds Salaries and related expenses Staff $ 115,011 $ 233,270 $ 348,281 $ 135,648 $ 248,710 $ 384,358 $ 732,639 $ 722,397 Musicians 886, , ,156 1,132,447 Guest artists 205, , , ,587 Payroll taxes 68,195 17,347 85,542 9,632 18,964 28, , ,606 Employee benefits 156,759 22, ,318 12,614 21,425 34, , ,865 TOTAL SALARIES AND RELATED EXPENSES 1,431, ,176 1,704, , , ,993 2,151,527 2,453,902 Accounting and auditing 14,200 14,200 14,200 12,500 Advertising 252, , , ,846 Bad debts 6,750 6,750 6,750 Bank charges 9,940 9,940 9,940 8,869 Board Expenses 9,241 9,241 9,241 24,378 Conferences and seminars 1,569 1,977 3,546 3,664 3,664 7,210 10,024 Credit card and ticket sale fees 27,498 27,498 27,498 25,940 Depreciation 5,848 5,848 5,848 6,043 Donor benefits 35,522 35,522 35,522 18,426 Dues and subscriptions 9,702 2,595 12,297 12,297 7,272 Equipment repairs and maintenance 38,401 38,401 38,401 13,246 Hall rental/stage hands 273, , , ,302 Instrument rental and cartage 20,614 20,614 20,614 65,063 Insurance (other than employee benefits) 21,132 21,132 21,132 20,325 Miscellaneous 9,426 6,605 16,031 4,012 4,012 20,043 13,587 Music--composer commissions 35,966 35,966 1,799 1,799 37,765 18,021 Music--rental and reproduction 45,937 45,937 45,937 46,613 Occupancy 29,949 29,950 59,899 28,459 19,967 48, ,325 69,797 Payroll service charges 2,586 2,586 2,264 2,264 4,850 5,028 Postage and shipping 1,794 31,858 33,652 2,807 5,223 8,030 41,682 47,407 Pre-concert lectures/host ,220 Printing 41,017 89, ,870 19,936 29,235 49, , ,814 Outside services 80,204 80,204 3,663 3,663 83, ,075 Supplies 7, ,971 5,493 5,493 13,464 14,945 Royalties, licenses and fees 31,747 31, ,206 69,595 Telephone 2,249 5,623 7,872 3,374 2,810 6,184 14,056 10,412 Travel and parking 24,342 24,342 13,136 13,136 37, ,158 Meals and entertainment , ,316 3, ,108 TOTALS $ 1,961,059 $ 799,476 $ 2,760,535 $ 359,577 $ 390,653 $ 750,230 $ 3,510,765 $ 4,179,916 See notes to combined financial statements. 4

6 COMBINED STATEMENT OF CASH FLOWS Year Ended June 30, 2009 (with comparative totals for 2008) OPERATING ACTIVITIES Change in net assets $ (38,778) $ (531,681) Adjustments to reconcile change in net assets to net cash used in operating activities: Depreciation 5,848 6,043 Investment losses 524, ,818 Changes in operating assets and liabilities: Grants and contributions receivable (776,762) (213,590) Prepaid expenses and other assets 54,817 (29,587) Accounts payable 145,209 (20,897) Advance ticket sales (71,667) 80,852 Accrued expenses 4,200 (2,207) NET CASH USED IN OPERATING ACTIVITIES (152,331) (341,249) INVESTING ACTIVITIES Purchase of property (11,214) Purchase of investments (921,997) (882,000) Proceeds from sale/maturities of investments 868, ,021 NET CASH USED IN INVESTING ACTIVITIES (64,768) (404,979) DECREASE IN CASH AND CASH EQUIVALENTS (217,099) (746,228) CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,395,708 2,141,936 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 1,178,609 $ 1,395,708 SUPPLEMENTARY DISCLOSURES Income taxes paid Interest paid $ $ $ $ See notes to combined financial statements. 5

7 NOTES TO COMBINED FINANCIAL STATEMENTS June 30, 2009 (with comparative totals for 2008) NOTE 1--ORGANIZATION The Los Angeles Chamber Orchestra Society, Inc. and Affiliate (LACO) consists of the Los Angeles Chamber Orchestra and the Los Angeles Chamber Orchestra Foundation (Founders Endowment). LACO, which receives a significant amount of its revenue from contracts and grants awarded by foundations and corporations (and a minor share from local and federal government agencies), is a professional orchestra dedicated to performing concerts of music from the chamber orchestra repertoire. Performances include various self-presented series and events in greater Los Angeles, as well as appearances contracted by presenting organizations throughout Southern California and in conjunction with national and international tours. LACO also provides free and low-cost programs that educate and engage the multi-cultural, multi-generational greater Los Angeles community. The orchestra s local and national broadcasts (also available internationally through internet streaming and selected podcasts) make its concerts accessible to millions worldwide. The Los Angeles Chamber Orchestra Founders Endowment was created in 1992 for the purpose of investing two grants and their matching contributions totaling $400,000. Distributions can only be made from the investment earnings, subject to certain limitations as prescribed in the endowment s investment policy. Other endowments exist within LACO as described in Note 8. LACO and its Affiliate were organized pursuant to the General Nonprofit Corporation laws of the State of California and are exempt from federal income tax, California franchise tax, federal unemployment tax, and various other federal, state, and local taxes under Section 501(c)(3) of the Internal Revenue Code and similar federal and state provisions. NOTE 2--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Combination--The combined financial statements for 2008 include the accounts of LACO and its Affiliate. All significant intercompany transactions are eliminated. Basis of Presentation--LACO recognizes contributions as revenue in the period committed. Contributions and net assets are classified on the existence or absence of donor-imposed restrictions. The net assets of LACO and changes therein are classified and reported as follows: Unrestricted net assets--net assets that are not subject to donorimposed stipulations and that may be expendable for any purpose in performing the primary objectives of LACO. 6

8 NOTES TO COMBINED FINANCIAL STATEMENTS NOTE 2--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES--Continued Temporarily restricted net assets--net assets subject to donorimposed stipulations that may or will be met either by actions of LACO and/or passage of time. As the restrictions are satisfied, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the accompanying financial statements as net assets released from restrictions. Permanently restricted net assets--net assets that are restricted by the donors for investment in perpetuity. The investment income generated from these funds is available for general support of LACO s programs and operations, or for restricted purposes, as directed by the donor. Operating activities reflect transactions related to the performance of concerts by the orchestra. Non-operating activities reflect contributed revenue and the related expenses. Comparative Totals for The accompanying financial statements include certain prior-year summarized comparative financial information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with generally accepted accounting principles. Accordingly, such information should be read in conjunction with LACO's audited financial statements for the year ended June 30, 2008, from which the summarized information was derived. Income Taxes--LACO is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and exempt from California franchise tax under Section 23701(d) of the California Revenue and Taxation Code. Accordingly, no provision for federal or state income taxes is included in the financial statements. In addition, LACO has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509(a) of the Code. Property--Property is recorded at cost or, if donated, at the fair market value on the date of donation. Depreciation is provided on a straight-line basis over the estimated useful lives of the assets (five years). Costs of additions, renewals, and betterments are capitalized; maintenance and repairs are charged to expense when incurred. Individual property items valued at less than $1,000 are expensed when purchased or donated. 7

9 NOTES TO COMBINED FINANCIAL STATEMENTS--Continued NOTE 2--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES--Continued Concentration of Credit Risk--Financial instruments which potentially subject LACO to concentrations of credit risk consist of cash, investments and grants and contributions receivable. LACO places a portion of its cash with a high credit quality financial institution where the funds are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution. In the normal course of operations, such cash balances exceed the FDIC insurance limits. LACO places the balance of its cash and its investments with a large broker-dealer where the cash and investments are fully insured by a private insurer. The grants and contributions receivable at June 30, 2009 and 2008 are due from well-known charitable foundations with substantial assets and a government entity through fiscal agents. Management of LACO has assessed the credit risk associated with the cash, investments and grants and contributions receivable and determined that an allowance for potential uncollectible amounts at June 30, 2008 is adequate to cover any potential uncollected grants and contributions receivable. Cash and Cash Equivalents--LACO considers highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Investments--Investments are stated at fair market value. Use of Estimates--Management uses estimates and assumptions in preparing its financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported public support, revenues and expenses. Actual results could differ from those estimates and assumptions. NOTE 3--INVESTMENTS Investments at June 30, 2009 and 2008 consist of the following: Unrealized Appreciation Cost Market Value (Depreciation) 2009: Mutual funds $ 2,338,536 $ 1,795,240 $ (543,296) Fixed Income 70,933 71, TOTALS $ 2,409,469 $ 1,866,567 $ (542,902) 2008: Mutual funds $ 2,708,771 $ 2,337,815 $ (370,956) TOTALS $ 2,708,771 $ 2,337,815 $ (370,956) 8

10 NOTES TO COMBINED FINANCIAL STATEMENTS--Continued NOTE 3--INVESTMENTS--Continued The investment return and its classification in the statement of activities can be summarized as follows: Permanently Unrestricted Restricted Total 2009: Interest and dividend income Net investment losses $ 78,726 $ (410,944) $ (113,858) 78,726 (524,802) TOTAL INVESTMENT RETURN $ (332,218) $ (113,858) $ (446,076) 2008: Interest and dividend income Net investment losses $ 105,620 $ (276,251) 7,906 $ (93,567) 113,526 (369,818) TOTAL INVESTMENT RETURN $ (170,631) $ (85,661) $ (256,292) NOTE 4--FAIR VALUE MEASUREMENTS LACO adopted Financial Accounting Standards Board Statement (SFAS) 157 on July 1, 2008 for fair value measurements that are recognized and disclosed at fair value in the financial statements on a recurring basis. SFAS 157 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical investments that LACO has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the investments, either directly or indirectly. Level 3 inputs are unobservable inputs for the investments. The level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety. 9

11 NOTES TO COMBINED FINANCIAL STATEMENTS--Continued NOTE 4--FAIR VALUE MEASUREMENTS--Continued Fair values of assets and liabilities measured on a recurring basis at June 30, 2009 are as follows: Fair Value Level 1 Level 2 Level 3 Investments Mutual funds Fixed income $ 1,795,240 $ 1,795,240 $ 71,327 71,327 $ TOTALS $ 1,866,567 $ 1,866,567 $ $ NOTE 5--GRANTS AND CONTRIBUTIONS RECEIVABLE, NET Net grants and contributions receivable at June 30, 2009 and 2008 consist of the following: Individuals $ 86,052 $ 30,250 Foundations and corporations 1,130, ,000 Government grants 15,000 5,000 GROSS 1,231, ,250 Less discount at 3% (12,450) (8,910) Less allowance for doubtful accounts (9,500) NET $ 1,218,602 $ 441,840 Gross grants and contributions receivable at June 30, 2009 and 2008 are due as follows: Receivable due in less than one year $ 816,052 $ 260,250 Receivable due in one to five years 415, ,000 GROSS $ 1,231,052 $ 460,250 10

12 NOTES TO COMBINED FINANCIAL STATEMENTS NOTE 6--PROPERTY, NET Net property at June 30, 2009 and 2008, consists of the following: Equipment and furnishings $ 122,255 $ 111,041 Music library 1,020 1, , ,061 Less accumulated depreciation (99,394) (93,546) NET $ 23,881 $ 18,515 NOTE 7--DESIGNATED UNRESTRICTED NET ASSETS During the current year, LACO s Board of Directors has designated an operating reserve in the amount of $425,000, and an endowment in the amount of $267,884. NOTE 8--TEMPORARILY RESTRICTED NET ASSETS Temporarily restricted net assets at June 30, 2009 and 2008 are restricted for the following purposes: Activities: Artist sponsorships, banners, radio broadcasts and Baroque Challenge $ 83,500 $ 215,626 Mural completion 23,000 23, , ,626 General operations 1,017, ,637 TOTALS $ 1,124,050 $ 647,263 Temporarily restricted net assets were released from donor restrictions during the years ended June 30, 2009 and 2008 as follows: Concerts, education and outreach $ 228,623 $ 448,520 General operations 204, ,232 TOTALS $ 433,173 $ 708,752 11

13 NOTES TO COMBINED FINANCIAL STATEMENTS--Continued NOTE 9--PERMANENTLY RESTRICTED NET ASSETS Permanently restricted net assets at June 30, 2009 and 2008 are restricted for the following purposes: 12 Founders Endowment $ 400,000 $ 511,878 Colburn Endowment 25,000 26,980 Dolan Library Endowment 9,024 9,024 General Endowment 124, ,530 Hearst Education Endowment 200, ,000 Troy Endowment 41,425 41,425 Zimmer Endowment 812, ,653 TOTAL ENDOWMENTS 1,612,632 1,726,490 Irvine Foundation--cash reserves 125, ,000 TOTALS $ 1,737,632 $ 1,851,490 LACO s endowments consist of the funds listed above. The Founders and Colburn Endowments are required to increase by the CPI index before earnings are available for unrestricted purposes. The Hearst Endowment earnings are restricted for educational expenses and the Dolan Endowment earnings are restricted for library expenses. All of the other Endowment earnings are unrestricted. The Board of Directors of LACO has interpreted the Uniform Prudent Management of Institutional Funds Act (UPMIFA) adopted by the State of California as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, LACO classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by LACO with the standard of prudence prescribed by UPMIFA. In accordance with UPMIFA, LACO considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) The duration and preservation of the fund (2) The purposes of the organization and the donor-restricted endowment fund (3) General economic conditions (4) The possible effect of inflation and deflation (5) The expected total return from income and the appreciation of investments (6) Other resources of the organization (7) The investment policies of the organization.

14 NOTES TO COMBINED FINANCIAL STATEMENTS--Continued NOTE 9--PERMANENTLY RESTRICTED NET ASSETS--Continued The donor-restricted endowment funds are invested in mutual funds. There were no earnings from the donor-restricted endowment fund during the year ended June 30, 2009, and, as a result, no amounts have been appropriated for operating expenditures. The losses applied against permanently restricted net assets represent accumulated prior CPI earnings in the Founders and Colburn Endowments. Changes in Endowment Assets for the Year Ended June 30, 2009: Unre- Temporarily Permanently stricted Restricted Restricted Total Endowment net assets, June 30, ,046 1,851,490 2,488,536 Investment return (369,162) (113,858) (483,020) Contributions Appropriated for expenditure TOTALS $ 267,884 $ $ 1,737,632 $ 2,005,516 NOTE 10--FUNDRAISING EVENTS, NET Net fundraising events conducted during the years ended June 30, 2009 and 2008 can be summarized as follows: Revenues: Special event ticket sales $ 324,999 $ 103,349 Contributions 827, ,168 1,152, ,517 Less direct expenses (548,423) (271,205) NET $ 604,421 $ 413,312 13

15 NOTES TO COMBINED FINANCIAL STATEMENTS--Continued NOTE 11--COMMITMENTS LACO leases office space and equipment under noncancellable operating leases. Minimum future annual rental payments required under these leases at June 30, 2009 can be summarized as follows: Year Ending June 30, 2010 $ 64,905 TOTAL $ 64,905 Grants require the fulfillment of certain conditions as set forth in the instrument of the grant. Failure to fulfill the conditions could result in the return of the funds to the grantors. Although that is a possibility, the Board deems the contingency remote, since by accepting the gifts and their terms, the Board is acknowledging the requirements of the grantor at the time of receipt of the grant. NOTE 12--RETIREMENT PLAN Effective January 1, 2007, LACO adopted a 401(k) Safe Harbor Plan in which employees who completed one year of employment with at least 1,000 hours of service were eligible to participate. Under the 401(k) Safe Harbor Plan, LACO makes a 3% safe harbor contribution of eligible employees income. Employer contributions to the plan during the years ended June 30, 2009 and 2008 were $17,993 and $19,180, respectively. 14

United Cerebral Palsy, Inc. Financial Report September 30, 2013

United Cerebral Palsy, Inc. Financial Report September 30, 2013 Financial Report September 30, 2013 Contents Independent Auditor s Report 1 2 Financial Statements Statement Of Financial Position 3 Statement Of Activities 4 Statement Of Functional Expenses 5 Statement

More information

CORO SOUTHERN CALIFORNIA, INC. (A NONPROFIT ORGANIZATION) FINANCIAL STATEMENTS JUNE 30, 2015

CORO SOUTHERN CALIFORNIA, INC. (A NONPROFIT ORGANIZATION) FINANCIAL STATEMENTS JUNE 30, 2015 FINANCIAL STATEMENTS CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-2 STATEMENT OF FINANCIAL POSITION 3 STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS 4 STATEMENT OF FUNCTIONAL EXPENSES 5 STATEMENT OF

More information

MAKE-A-WISH FOUNDATION OF MASSACHUSETTS AND RHODE ISLAND, INC. Financial Statements. August 31, 2014. (With Independent Auditors Report Thereon)

MAKE-A-WISH FOUNDATION OF MASSACHUSETTS AND RHODE ISLAND, INC. Financial Statements. August 31, 2014. (With Independent Auditors Report Thereon) MAKE-A-WISH FOUNDATION OF MASSACHUSETTS Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Statement of Financial Position 3 Statement

More information

CARINGBRIDGE Eagan, Minnesota

CARINGBRIDGE Eagan, Minnesota Eagan, Minnesota FINANCIAL STATEMENTS Including Independent Auditors' Report As of and For the Years Ended December 31,2014 and 2013 TABLE OF CONTENTS Independent Auditors' Report Statements of Financial

More information

JAMES A. MICHENER ART MUSEUM

JAMES A. MICHENER ART MUSEUM FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2010 CONTENTS INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position 2 Statement of Activities 3 Statement of Functional Expenses

More information

ALAMO COLLEGES FOUNDATION, INC. (A Texas nonprofit Foundation) AUDITED FINANCIAL STATEMENTS. Year Ended December 31, 2012

ALAMO COLLEGES FOUNDATION, INC. (A Texas nonprofit Foundation) AUDITED FINANCIAL STATEMENTS. Year Ended December 31, 2012 R. D. Harrison, CPA Certified Public Accountant Member American Institute of Certified Public Accountants Registered with the Public Company Accounting Oversight Board ALAMO COLLEGES FOUNDATION, INC. AUDITED

More information

WASHINGTON ANIMAL RESCUE LEAGUE

WASHINGTON ANIMAL RESCUE LEAGUE WWW.MCB-CPA.COM FINANCIAL STATEMENTS TABLE OF CONTENTS Page Independent Auditors Report 1 Financial Statements: Statements of Financial Position 2 Statements of Activities and Changes in Net Assets 3-4

More information

WILLIAM SANSUM DIABETES CENTER

WILLIAM SANSUM DIABETES CENTER WILLIAM SANSUM DIABETES CENTER FINANCIAL STATEMENTS DECEMBER 31, 2014 WILLIAM SANSUM DIABETES CENTER TABLE OF CONTENTS December 31, 2014 Independent Auditor's Report.. 1-2 Statement of Financial Position......3

More information

Cincinnati Public Radio, Inc. and Subsidiary

Cincinnati Public Radio, Inc. and Subsidiary Cincinnati Public Radio, Inc. and Subsidiary Consolidated Financial Statements with Accompanying Information June 30, 2013, with Summarized Comparative Totals for June 30, 2012, and Independent Auditors

More information

The Children's Museum of Memphis, Inc. Financial Statements June 30, 2015 and 2014

The Children's Museum of Memphis, Inc. Financial Statements June 30, 2015 and 2014 The Children's Museum of Memphis, Inc. Financial Statements June 30, 2015 and 2014 Table of Contents June 30, 2015 and 2014 Page Independent Auditor s Report... 3 Financial Statements Statements of Financial

More information

Galapagos Conservancy. Financial Report March 31, 2013

Galapagos Conservancy. Financial Report March 31, 2013 Financial Report March 31, 2013 Contents Independent Auditor s Report 1 Financial Statements Balance Sheet 2 Statement Of Activities 3 Statement Of Functional Expenses 4 Statement Of Cash Flows 5 Notes

More information

Jewish Community Foundation of San Diego. Consolidated Financial Statements and Supplemental Information

Jewish Community Foundation of San Diego. Consolidated Financial Statements and Supplemental Information Jewish Community Foundation of San Diego Consolidated Financial Statements and Supplemental Information Years Ended June 30, 2015 and 2014 Consolidated Financial Statements and Supplemental Information

More information

South Carolina Independent Colleges and Universities, Inc.

South Carolina Independent Colleges and Universities, Inc. South Carolina Independent Colleges and Universities, Inc. Report on Financial Statements For the year ended August 31, 2014 Contents Page Independent Auditor's Report... 1-2 Financial Statements Statement

More information

ATLANTA COMMUNITY FOOD BANK, INC.

ATLANTA COMMUNITY FOOD BANK, INC. FINANCIAL STATEMENTS FOR THE YEAR ENDED TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS Statements of Financial Position 3 Statement of Activities 5 Statement of Functional Expenses

More information

THE OPEN HEARTH ASSOCIATION, INC. Report on Audit of Financial Statements. December 31, 2011

THE OPEN HEARTH ASSOCIATION, INC. Report on Audit of Financial Statements. December 31, 2011 Report on Audit of Financial Statements December 31, 2011 CONTENTS Independent Auditors Report 1-2 Statements of Financial Position December 31, 2011 and 2010 3 Statements of Activities for the Years Ended

More information

San Diego Museum of Art

San Diego Museum of Art San Diego Museum of Art Financial Statements and Supplemental Information Financial Statements and Supplemental Information Table of Contents Page Independent Auditors' Report 1 Financial Statements: Statements

More information

WOUNDED WARRIOR PROJECT, INC. (A NOT-FOR-PROFIT ORGANIZATION)

WOUNDED WARRIOR PROJECT, INC. (A NOT-FOR-PROFIT ORGANIZATION) (A NOT-FOR-PROFIT ORGANIZATION) FINANCIAL REPORT TABLE OF CONTENTS Report of independent certified public accountants 1 Financial statements: Statement of financial position 2 Statement of activities 3

More information

MEDICAL MINISTRY USA dba MEDICAL MINISTRY INTERNATIONAL

MEDICAL MINISTRY USA dba MEDICAL MINISTRY INTERNATIONAL Financial Statements Together with Independent Auditors Report For the Year Ended SWALM & ASSOCIATES, P.C. Certified Public Accountants FINANCIAL STATEMENTS Table of Contents Page Independent Auditors

More information

Financial Statements. Saint Joseph s College. June 30, 2014 and 2013

Financial Statements. Saint Joseph s College. June 30, 2014 and 2013 Financial Statements Saint Joseph s College June 30, 2014 and 2013 Financial Statements Table of Contents Financial Statements: Independent Auditors Report 1-2 Statements of Financial Position 3 Statements

More information

COLORADO WOMEN'S EMPLOYMENT AND EDUCATION, INC. DBA CENTER FOR WORK EDUCATION AND EMPLOYMENT, INC.

COLORADO WOMEN'S EMPLOYMENT AND EDUCATION, INC. DBA CENTER FOR WORK EDUCATION AND EMPLOYMENT, INC. Financial Statements and Independent Auditors' Report June 30, 2014 and 2013 Table of Contents Page Independent Auditors' Report...1 Financial Statements Statements of Financial Position...3 Statements

More information

NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION. Financial Statements. For the Years Ended June 30, 2013 and 2012

NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION. Financial Statements. For the Years Ended June 30, 2013 and 2012 NORTH CAROLINA PERFORMING ARTS CENTER AT CHARLOTTE FOUNDATION Financial Statements For the Years Ended TABLE OF CONTENTS PAGE NO. Independent Auditors Report... 1-2 Statements of Financial Position...

More information

FIRST UNITED METHODIST CHURCH OF FORT WORTH

FIRST UNITED METHODIST CHURCH OF FORT WORTH FIRST UNITED METHODIST CHURCH OF FORT WORTH Fort Worth, Texas Consolidated Financial Statements Years Ended December 31, 2012 and 2011 Consolidated Financial Statements Years Ended December 31, 2012 and

More information

FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT SPECIAL OPERATIONS WARRIOR FOUNDATION. December 31, 2014 and 2013

FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT SPECIAL OPERATIONS WARRIOR FOUNDATION. December 31, 2014 and 2013 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT SPECIAL OPERATIONS WARRIOR FOUNDATION TABLE OF CONTENTS Independent Auditors Report 3-4 Financial Statements Statements of Financial Position 5 Statements

More information

ST. MARY SEMINARY AND GRADUATE SCHOOL OF THEOLOGY (OUR LADY OF THE LAKE) FINANCIAL REPORT. JUNE 30, 2015 and 2014

ST. MARY SEMINARY AND GRADUATE SCHOOL OF THEOLOGY (OUR LADY OF THE LAKE) FINANCIAL REPORT. JUNE 30, 2015 and 2014 ST. MARY SEMINARY AND GRADUATE SCHOOL OF THEOLOGY FINANCIAL REPORT JUNE 30, 2015 and 2014 CONTENTS Page INDEPENDENT AUDITORS' REPORT ON THE FINANCIAL STATEMENTS 1 FINANCIAL STATEMENTS Statements of financial

More information

NEW YORK PUBLIC RADIO. Financial Statements and Supplemental Schedule. June 30, 2015 and 2014

NEW YORK PUBLIC RADIO. Financial Statements and Supplemental Schedule. June 30, 2015 and 2014 Financial Statements and Supplemental Schedule (With Independent Auditors Report Thereon) KPMG LLP 345 Park Avenue New York, NY 10154-0102 Independent Auditors Report The Board of Trustees New York Public

More information

THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION. Consolidated Financial Statements. June 30, 2011 and 2010

THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION. Consolidated Financial Statements. June 30, 2011 and 2010 Consolidated Financial Statements (With Independent Auditors Report Thereon) KPMG LLP Suite 1100 One Jackson Place 188 East Capitol Street Jackson, MS 39201-2127 Independent Auditors' Report The Board

More information

THE SOUTH FLORIDA CHURCH OF CHRIST, INC.

THE SOUTH FLORIDA CHURCH OF CHRIST, INC. THE SOUTH FLORIDA CHURCH OF CHRIST, INC. FINANCIAL STATEMENTS THE SOUTH FLORIDA CHURCH OF CHRIST, INC. FINANCIAL STATEMENTS TABLE OF CONTENTS PAGES Independent Auditor s Report 1 Statement of Financial

More information

Urology Care Foundation, Inc. Financial Report December 31, 2012

Urology Care Foundation, Inc. Financial Report December 31, 2012 Urology Care Foundation, Inc. Financial Report December 31, 2012 Contents Independent Auditor s Report On The Financial Statements 1 2 Financial Statements Statements Of Financial Position 3 Statements

More information

NATIONAL COALITION FOR CANCER SURVIVORSHIP, INC. D/B/A CANCER SURVIVORS COALITION FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT

NATIONAL COALITION FOR CANCER SURVIVORSHIP, INC. D/B/A CANCER SURVIVORS COALITION FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT WWW.MCB-CPA.COM FINANCIAL STATEMENTS TABLE OF CONTENTS Page Independent Auditors Report 1 Financial Statements: Statements of Financial Position 2

More information

NATIONAL LEADERSHIP ROUNDTABLE ON CHURCH MANAGEMENT

NATIONAL LEADERSHIP ROUNDTABLE ON CHURCH MANAGEMENT WWW.MCB-CPA.COM INDEX Page Independent Auditors Report 1 Financial Statements: Statement of Financial Position 2 Statement of Activities 3 Statement of Functional Expenses 4 Statement of Cash Flows 5 Notes

More information

Public Library of Science. Financial Statements

Public Library of Science. Financial Statements Public Library of Science Financial Statements TABLE OF CONTENTS Page No. Independent Auditor's Report 1-2 Statement of Financial Position 3 Statement of Activities 4 Statement of Functional Expenses 5

More information

INDEPENDENT AUDITORS REPORT

INDEPENDENT AUDITORS REPORT September 2, 2013 INDEPENDENT AUDITORS REPORT Board of Directors California Vehicle Foundation dba California Automobile Museum Sacramento, California We have audited the accompanying financial statements

More information

NEW YORK PUBLIC RADIO. Financial Statements and Supplemental Schedule. June 30, 2014 and 2013. (With Independent Auditors Report Thereon)

NEW YORK PUBLIC RADIO. Financial Statements and Supplemental Schedule. June 30, 2014 and 2013. (With Independent Auditors Report Thereon) Financial Statements and Supplemental Schedule (With Independent Auditors Report Thereon) KPMG LLP 345 Park Avenue New York, NY 10154-0102 Independent Auditors Report The Board of Trustees New York Public

More information

FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES

FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES AUDIT REPORT FOR THE YEAR ENDED TABLE OF CONTENTS FINANCIAL SECTION Independent Auditorsʹ Report... 1 Financial Statements: Statement of Financial Position...

More information

FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2013 WITH SUMMARIZED FINANCIAL INFORMATION FOR

FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2013 WITH SUMMARIZED FINANCIAL INFORMATION FOR FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2013 WITH SUMMARIZED FINANCIAL INFORMATION FOR 2012 CONTENTS PAGE NO. INDEPENDENT AUDITOR'S REPORT 2-3 EXHIBIT A - Statement of Financial Position, as of

More information

SAMPLE AUDITOR S OPINION LETTER

SAMPLE AUDITOR S OPINION LETTER SAMPLE AUDITOR S OPINION LETTER INDEPENDENT AUDITORS REPORT To the Board of Directors XYZ Organization Washington, D.C. We have audited the accompanying statement of financial position of XYZ Organization

More information

FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES

FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES AUDIT REPORT FOR THE YEAR ENDED TABLE OF CONTENTS FINANCIAL SECTION Independent Auditorsʹ Report... 1 Financial Statements: Statement of Financial Position...

More information

Financial Statements and Report of Independent Certified Public Accountants

Financial Statements and Report of Independent Certified Public Accountants Financial Statements and Report of Independent Certified Public Accountants United States Olympic and Paralympic Foundation Contents Page Report of Independent Certified Public Accountants 2 Statements

More information

Sample Financial Statements from PPC Preparing Nonprofit Financial Statements

Sample Financial Statements from PPC Preparing Nonprofit Financial Statements (ACCOUNTANT S LETTERHEAD) INDEPENDENT ACCOUNTANT S REPORT (REVIEW) To the Board of Directors Habitat House, Inc. City, State We have reviewed the accompanying statements of financial position of Habitat

More information

OREGON STATE UNIVERSITY FOUNDATION. Consolidated Financial Statements. June 30, 2014 and 2013. (With Independent Auditors Report Thereon)

OREGON STATE UNIVERSITY FOUNDATION. Consolidated Financial Statements. June 30, 2014 and 2013. (With Independent Auditors Report Thereon) Consolidated Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page(s) Independent Auditors Report 1 Consolidated Financial Statements: Consolidated Statements of Financial

More information

Minnesota Council of Nonprofits, Inc. Consolidated Financial Statements Years Ended December 31, 2013 and 2012 (With Independent Auditor's Report

Minnesota Council of Nonprofits, Inc. Consolidated Financial Statements Years Ended December 31, 2013 and 2012 (With Independent Auditor's Report Consolidated Financial Statements Years Ended December 31, 2013 and 2012 (With Independent Auditor's Report Thereon) MINNESOTA COUNCIL OF NONPROFITS INDEPENDENT AUDITOR S REPORT... 3 FINANCIAL STATEMENTS

More information

CLEARWATER CHRISTIAN COLLEGE PRIVATE SCHOOL, INC.

CLEARWATER CHRISTIAN COLLEGE PRIVATE SCHOOL, INC. CLEARWATER CHRISTIAN COLLEGE PRIVATE SCHOOL, INC. Financial Statements For the Years Ended June 30, 2014 and 2013 (With Independent Auditors Report Thereon) CLEARWATER CHRISTIAN COLLEGE PRIVATE SCHOOL,

More information

Orange County s United Way

Orange County s United Way Financial Statements Years Ended June 30, 2015 and 2014 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of BDO

More information

OPEN OPTIONS, INC. d/b/a UNITED CEREBRAL PALSY OF GREATER KANSAS CITY FINANCIAL STATEMENTS. Years Ended June 30, 2014 and 2013

OPEN OPTIONS, INC. d/b/a UNITED CEREBRAL PALSY OF GREATER KANSAS CITY FINANCIAL STATEMENTS. Years Ended June 30, 2014 and 2013 FINANCIAL STATEMENTS Years Ended June 30, 2014 and 2013 STATEMENTS OF FINANCIAL POSITION June 30, 2014 and 2013 A S S E T S 2014 2013 CURRENT ASSETS Cash and cash equivalents $ 761,322 $ 648,987 Investments

More information

MONTCLAIR STATE UNIVERSITY FOUNDATION, INC. JUNE 30, 2012 AND 2011 INDEPENDENT AUDITOR S REPORT

MONTCLAIR STATE UNIVERSITY FOUNDATION, INC. JUNE 30, 2012 AND 2011 INDEPENDENT AUDITOR S REPORT FINANCIAL STATEMENTS JUNE 30, 2012 AND 2011 AND INDEPENDENT AUDITOR S REPORT FINANCIAL STATEMENTS JUNE 30, 2012 AND 2011 TABLE OF CONTENTS Pages Independent Auditor s Report 3 Financial Statements: Statements

More information

Financial Statements. August 31, 2013 and 2012. (With Independent Auditors Report Thereon)

Financial Statements. August 31, 2013 and 2012. (With Independent Auditors Report Thereon) Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Statements of Financial Position 2 Statement of Activities Year ended August 31, 2013

More information

SOCIETY OF LOUISIANA CERTIFIED PUBLIC ACCOUNTANTS AND RELATED ORGANIZATIONS

SOCIETY OF LOUISIANA CERTIFIED PUBLIC ACCOUNTANTS AND RELATED ORGANIZATIONS SOCIETY OF LOUISIANA CERTIFIED PUBLIC ACCOUNTANTS FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION FOR THE YEARS ENDED SOCIETY OF LOUISIANA CERTIFIED PUBLIC ACCOUNTANTS INDEX PAGE INDEPENDENT AUDITOR

More information

American Society for Eighteenth Century Studies

American Society for Eighteenth Century Studies Lid Report on Financial Statements Contents Page Independent Auditor's Report 1-2 Financial Statements Statement of Assets, Liabilities and Net Assets - Modified Cash Basis 3 Statement of Revenues, Support,

More information

MY OWN BOOK FUND, INC. (A NONPROFIT ORGANIZATION) FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013

MY OWN BOOK FUND, INC. (A NONPROFIT ORGANIZATION) FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013 MY OWN BOOK FUND, INC. (A NONPROFIT ORGANIZATION) FINANCIAL STATEMENTS MY OWN BOOK FUND, INC. TABLE OF CONTENTS (A NONPROFIT ORGANIZATION) PAGE INDEPENDENT AUDITOR'S REPORT 1-2 FINANCIAL STATEMENTS: STATEMENTS

More information

STARLIGHT CHILDREN S FOUNDATION GLOBAL OFFICE. Financial Statements. December 31, 2014. (With Independent Auditors Report Thereon)

STARLIGHT CHILDREN S FOUNDATION GLOBAL OFFICE. Financial Statements. December 31, 2014. (With Independent Auditors Report Thereon) Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Statement of Financial Position 3 Statement of Activities 4 Statement of Functional

More information

WIKI EDUCATION FOUNDATION

WIKI EDUCATION FOUNDATION WIKI EDUCATION FOUNDATION JUNE 30, 2015 INDEPENDENT AUDITORS REPORT AND FINANCIAL STATEMENTS Independent Auditors Report and Financial Statements Independent Auditors Report 1-2 Financial Statements Statement

More information

DRUG ABUSE COUNSELORS - POLITICAL ACTION COMMITTEE

DRUG ABUSE COUNSELORS - POLITICAL ACTION COMMITTEE COMBINED FINANCIAL STATEMENTS NATIONAL ASSOCIATION OF ALCOHOLISM AND DRUG ABUSE COUNSELORS NATIONAL ASSOCIATION OF ALCOHOLISM AND DRUG ABUSE COUNSELORS - POLITICAL ACTION COMMITTEE FOR THE YEAR ENDED DECEMBER

More information

BOB WOODRUFF FAMILY FOUNDATION, INC. FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2014 AND 2013

BOB WOODRUFF FAMILY FOUNDATION, INC. FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2014 AND 2013 FINANCIAL STATEMENTS YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION 2 STATEMENTS OF ACTIVITIES 3 STATEMENT OF FUNCTIONAL EXPENSE

More information

FRIENDS OF KEXP dba KEXP-FM

FRIENDS OF KEXP dba KEXP-FM FRIENDS OF KEXP dba KEXP-FM FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS REPORT INDEPENDENT AUDITORS REPORT To the Board of Directors Friends of KEXP Seattle, Washington We have audited the accompanying

More information

SADDLEBACK COLLEGE FOUNDATION

SADDLEBACK COLLEGE FOUNDATION SADDLEBACK COLLEGE FOUNDATION AUDIT REPORT FOR THE YEAR ENDED TABLE OF CONTENTS FINANCIAL SECTION Independent Auditorsʹ Report... 1 Financial Statements: Statement of Financial Position... 3 Statement

More information

CONTENTS. Independent Auditors Report... 1. Consolidated Statements of Financial Position... 2. Consolidated Statements of Activities...

CONTENTS. Independent Auditors Report... 1. Consolidated Statements of Financial Position... 2. Consolidated Statements of Activities... CONTENTS Independent Auditors Report... 1 Consolidated Statements of Financial Position... 2 Consolidated Statements of Activities...3-4 Consolidated Statements of Cash Flows... 5 Notes to the Consolidated

More information

ATLANTA, GEORGIA REPORT ON AUDITS OF FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011

ATLANTA, GEORGIA REPORT ON AUDITS OF FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011 ATLANTA, GEORGIA REPORT ON AUDITS OF FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011 INDEX TO FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011 PAGE INDEPENDENT AUDITOR'S REPORT STATEMENTS

More information

NATIONAL ENERGY EDUCATION DEVELOPMENT PROJECT, INC. Financial Statements and Supplemental Information

NATIONAL ENERGY EDUCATION DEVELOPMENT PROJECT, INC. Financial Statements and Supplemental Information NATIONAL ENERGY EDUCATION DEVELOPMENT PROJECT, INC. Financial Statements and Supplemental Information (With Summarized Financial Information for the Year Ended December 31, 2011) and Report Thereon TABLE

More information

AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION

AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION West Virginia University Foundation, Incorporated With Reports of Independent Auditors WEST VIRGINIA UNIVERSITY FOUNDATION, INCORPORATED Audited

More information

BOSTON PARTNERS IN EDUCATION, INC. Financial Statements and Independent Auditors Report August 31, 2015

BOSTON PARTNERS IN EDUCATION, INC. Financial Statements and Independent Auditors Report August 31, 2015 Financial Statements and Independent Auditors Report Randall S. Davis & Company LLP Certified Public Accountants Creating Value From Numbers To the Board of Directors of Boston Partners in Education, Inc.

More information

Clean Water Fund. Financial Report December 31, 2013

Clean Water Fund. Financial Report December 31, 2013 Financial Report Contents Report Letter 1 Financial Statements Statement of Financial Position 2 Statement of Activities and Changes in Net Assets 3 Statement of Cash Flows 4 Notes to Financial Statements

More information

SOS CHILDREN S VILLAGES USA, INC.

SOS CHILDREN S VILLAGES USA, INC. FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS DECEMBER 31, 2014 AND 2013 TABLE OF CONTENTS REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 1-2 Page FINANCIAL STATEMENTS

More information

SUMMIT BIBLE COLLEGE AND WORSHIP CENTER (A California NonProfit Organization)

SUMMIT BIBLE COLLEGE AND WORSHIP CENTER (A California NonProfit Organization) SUMMIT BIBLE COLLEGE AND WORSHIP CENTER (A California NonProfit Organization) FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Year Ended December 31, 2013 (With Independent Auditor's Report Thereon)

More information

The Virginia Society of Certified Public Accountants and The Virginia Society of Certified Public Accountants Political Action Committee

The Virginia Society of Certified Public Accountants and The Virginia Society of Certified Public Accountants Political Action Committee The Virginia Society of Certified Public Accountants and The Virginia Society of Certified Public Accountants Political Action Committee Consolidated Financial Statements Years Ended April 30, 2014 and

More information

Pensacola Habitat For Humanity, Inc. Pensacola, Florida. Audited Financial Statements. With Supplementary Information

Pensacola Habitat For Humanity, Inc. Pensacola, Florida. Audited Financial Statements. With Supplementary Information Pensacola, Florida Audited Financial Statements With Supplementary Information June 30, 2014 Pensacola, Florida Audited Financial Statements With Supplementary Information June 30, 2014 CONTENTS PAGE Independent

More information

Financial Statements and Supplemental Information. Home Repair Services of Kent County, Inc. (A Non-Profit Organization)

Financial Statements and Supplemental Information. Home Repair Services of Kent County, Inc. (A Non-Profit Organization) Financial Statements and Supplemental Information Home Repair Services of Kent County, Inc. Years Ended June 30, 2011 and 2010 with Report of Independent Auditors Financial Statements and Supplemental

More information

BENEVOLENT HEALTHCARE FOUNDATION DBA PROJECT C.U.R.E. FINANCIAL STATEMENTS MAY 31, 2014

BENEVOLENT HEALTHCARE FOUNDATION DBA PROJECT C.U.R.E. FINANCIAL STATEMENTS MAY 31, 2014 BENEVOLENT HEALTHCARE FOUNDATION DBA PROJECT C.U.R.E. FINANCIAL STATEMENTS MAY 31, 2014 C O N T E N T S Independent Auditors Report 2-3 Statements of Financial Position 4 Statements of Activities 5 Statements

More information

SeriousFun Children's Network, Inc. and Subsidiaries

SeriousFun Children's Network, Inc. and Subsidiaries SeriousFun Children's Network, Inc. and Subsidiaries Consolidated Financial Statements and Independent Auditor's Report (With Supplementary Information) December 31, 2015 and 2014 Index Page Independent

More information

MULTNOMAH BIBLE COLLEGE AND SEMINARY INDEPENDENT AUDITOR S REPORT AND FINANCIAL STATEMENTS

MULTNOMAH BIBLE COLLEGE AND SEMINARY INDEPENDENT AUDITOR S REPORT AND FINANCIAL STATEMENTS MULTNOMAH BIBLE COLLEGE AND SEMINARY INDEPENDENT AUDITOR S REPORT AND FINANCIAL STATEMENTS JUNE 30, 2007 AND 2006 CONTENTS PAGE INDEPENDENT AUDITOR S REPORT 1 FINANCIAL STATEMENTS Statements of financial

More information

California Fire Foundation Financial Statements December 31, 2013 and 2012

California Fire Foundation Financial Statements December 31, 2013 and 2012 Financial Statements Financial Statements Contents INDEPENDENT AUDITORS' REPORT...1 FINANCIAL STATEMENTS Statement of Financial Position...2 Statement of Activities...3 Statements of Functional Expenses...4

More information

SHENANDOAH VALLEY SPAY & NEUTER CLINIC, INC. FINANCIAL REPORT

SHENANDOAH VALLEY SPAY & NEUTER CLINIC, INC. FINANCIAL REPORT SHENANDOAH VALLEY SPAY & NEUTER CLINIC, INC. FINANCIAL REPORT December 31, 2013 CONTENTS Page INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL STATEMENTS Statements of Financial Position... 3 Statements of

More information

FOCUS ON THE FAMILY and CITIZENLINK

FOCUS ON THE FAMILY and CITIZENLINK CONSOLIDATED FINANCIAL STATEMENTS With Independent Auditors' Report Table of Contents Independent Auditors' Report 1 Consolidated Financial Statements Consolidated Statements of Financial Position 3 Consolidated

More information

CONSOLIDATED FINANCIAL STATEMENTS. JUNE 30, 2013 and 2012 INDEPENDENT AUDITOR'S REPORTS

CONSOLIDATED FINANCIAL STATEMENTS. JUNE 30, 2013 and 2012 INDEPENDENT AUDITOR'S REPORTS CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2013 and 2012 WITH INDEPENDENT AUDITOR'S REPORTS CONTENTS Independent Auditor's Report... 1 Consolidated Statements of Financial Position as of June 30, 2013

More information

CHARITY GLOBAL, INC. Financial Statements

CHARITY GLOBAL, INC. Financial Statements Financial Statements (With Independent Auditors Report Thereon) KPMG LLP 345 Park Avenue New York, NY 10154-0102 Independent Auditors Report The Board of Directors Charity Global, Inc.: We have audited

More information

Consolidated Financial Statements December 31, 2012 Minnesota Council of Nonprofits and Subsidiary

Consolidated Financial Statements December 31, 2012 Minnesota Council of Nonprofits and Subsidiary Consolidated Financial Statements Minnesota Council of Nonprofits and Subsidiary www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Consolidated Financial Statements 3 Consolidated

More information

SOS CHILDREN S VILLAGES USA, INC.

SOS CHILDREN S VILLAGES USA, INC. FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS DECEMBER 31, 2015 AND 2014 TABLE OF CONTENTS REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 1-2 Page FINANCIAL STATEMENTS

More information

The Institute for Spirituality and Health. Financial Statements and Independent Auditors Report for the years ended June 30, 2012 and 2011

The Institute for Spirituality and Health. Financial Statements and Independent Auditors Report for the years ended June 30, 2012 and 2011 Financial Statements and Independent Auditors Report for the years ended June 30, 2012 and 2011 Blazek & Vetterling C ERTIFIED P UBLIC A CCOUNTANTS Independent Auditors Report To the Board of Directors

More information

CONSOLIDATED FINANCIAL STATEMENTS For the Year Ended June 30, 2012 (With Summarized Financial Information for the Year Ended June 30, 2011)

CONSOLIDATED FINANCIAL STATEMENTS For the Year Ended June 30, 2012 (With Summarized Financial Information for the Year Ended June 30, 2011) CONSOLIDATED FINANCIAL STATEMENTS (With Summarized Financial Information for the Year Ended June 30, 2011) AND REPORT THEREON INDEPENDENT AUDITOR S REPORT To the Board of Trustees of the African Wildlife

More information

Goodwill Industries of Northern Michigan, Inc. and Affiliate. Consolidated Financial Report with Additional Information September 30, 2012

Goodwill Industries of Northern Michigan, Inc. and Affiliate. Consolidated Financial Report with Additional Information September 30, 2012 Consolidated Financial Report with Additional Information September 30, 2012 Contents Report Letter 1 Consolidated Financial Statements Balance Sheet 2 Statement of Activities and Changes in Net Assets

More information

DALLAS MISSION FOR LIFE d.b.a. DALLAS LIFE

DALLAS MISSION FOR LIFE d.b.a. DALLAS LIFE FINANCIAL STATEMENTS With Independent Auditors Report Table of Contents Independent Auditors Report 1 Financial Statements Statement of Financial Position 3 Statement of Activities 4 Statement of Cash

More information

CONSOLIDATED FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS KANSAS WESLEYAN UNIVERSITY. June 30, 2013

CONSOLIDATED FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS KANSAS WESLEYAN UNIVERSITY. June 30, 2013 CONSOLIDATED FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS KANSAS WESLEYAN UNIVERSITY Contents Page REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 1 CONSOLIDATED FINANCIAL

More information

CREIGHTON UNIVERSITY. Consolidated Financial Statements. June 30, 2015 and 2014. (With Independent Auditors Report Thereon)

CREIGHTON UNIVERSITY. Consolidated Financial Statements. June 30, 2015 and 2014. (With Independent Auditors Report Thereon) Consolidated Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page(s) Independent Auditors Report 1 2 Consolidated Statements of Financial Position 3 Consolidated Statements

More information

The American Institute for Contemporary German Studies at The Johns Hopkins University, Inc. Financial Statements and Independent Auditor s Report

The American Institute for Contemporary German Studies at The Johns Hopkins University, Inc. Financial Statements and Independent Auditor s Report The American Institute for Contemporary German Studies at The Johns Hopkins University, Inc. Financial Statements and Independent Auditor s Report The American Institute for Contemporary German Studies

More information

ASSISTANCE LEAGUE OF LOS ALTOS (A California Non-profit Public Benefit Corporation)

ASSISTANCE LEAGUE OF LOS ALTOS (A California Non-profit Public Benefit Corporation) (A California Non-profit Public Benefit Corporation) FINANCIAL STATEMENTS AND INDEPENDENT REVIEWER S REPORT May 31, 2015 (with comparative totals for 2014) CONTENTS INDEPENDENT ACCOUNTANT S REVIEW REPORT

More information

CHARITY GLOBAL, INC. Financial Statements. (With Independent Auditors Report Thereon)

CHARITY GLOBAL, INC. Financial Statements. (With Independent Auditors Report Thereon) Financial Statements (With Independent Auditors Report Thereon) KPMG LLP 345 Park Avenue New York, NY 10154-0102 Independent Auditors Report The Board of Directors Charity Global, Inc. We have audited

More information

USA WEIGHTLIFTING, INC. THE U.S. AMATEUR WEIGHTLIFTING FOUNDATION Consolidating Financial Statements & Supplemental Schedules For the Year Ended

USA WEIGHTLIFTING, INC. THE U.S. AMATEUR WEIGHTLIFTING FOUNDATION Consolidating Financial Statements & Supplemental Schedules For the Year Ended USA WEIGHTLIFTING, INC. THE U.S. AMATEUR WEIGHTLIFTING FOUNDATION Consolidating Financial Statements & Supplemental Schedules For the Year Ended December 31, 2011 1 TABLE OF CONTENTS Independent Auditors'

More information

Consolidated Financial Statements December 31, 2013 and 2012 Trinity Lutheran Church and Foundation

Consolidated Financial Statements December 31, 2013 and 2012 Trinity Lutheran Church and Foundation Consolidated Financial Statements Trinity Lutheran Church and Foundation www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Consolidated Financial Statements Financial Position... 3

More information

AVIVA CHILDREN'S SERVICES, INC. AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014

AVIVA CHILDREN'S SERVICES, INC. AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 AUDITED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 TABLE OF CONTENTS Independent auditors report... 1 Statements of financial

More information

MARATHON KIDS, INC. (A Nonprofit Corporation) INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS MAY 31, 2015 AND 2014

MARATHON KIDS, INC. (A Nonprofit Corporation) INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS MAY 31, 2015 AND 2014 INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS INDEPENDENT AUDITORS' REPORT AND FINANCIAL STATEMENTS INDEX TO FINANCIAL STATEMENTS Independent Auditors Report 1 Statements of Financial Position

More information

Arlington Street People's Assistance Network. Financial Statements, Including OMB Circular A-133 Reports and Independent Auditors Report

Arlington Street People's Assistance Network. Financial Statements, Including OMB Circular A-133 Reports and Independent Auditors Report Financial Statements, Including OMB Circular A-133 Reports and Independent Auditors Report June 30, 2013 and 2012 Financial Statements June 30, 2013 and 2012 Contents Independent Auditors Report... 1-2

More information

OHIO CHRISTIAN UNIVERSITY FINANCIAL STATEMENTS. JUNE 30, 2012 (With Summarized Financial Information For the Year Ended June 30, 2011)

OHIO CHRISTIAN UNIVERSITY FINANCIAL STATEMENTS. JUNE 30, 2012 (With Summarized Financial Information For the Year Ended June 30, 2011) FINANCIAL STATEMENTS JUNE 30, 2012 (With Summarized Financial Information For the Year Ended June 30, 2011) TABLE OF CONTENTS Financial Page Independent Auditor's Report... 1 Financial Statements: Statement

More information

Consolidated Financial Statements and Report of Independent Certified Public Accountants United Way of Metropolitan Dallas, Inc.

Consolidated Financial Statements and Report of Independent Certified Public Accountants United Way of Metropolitan Dallas, Inc. Consolidated Financial Statements and Report of Independent Certified Public Accountants United Way of Metropolitan Dallas, Inc. and United Way Foundation of Metropolitan Dallas Grant Thornton REPORT OF

More information

THE ASPEN EDUCATION FOUNDATION FINANCIAL STATEMENTS. June 30, 2013

THE ASPEN EDUCATION FOUNDATION FINANCIAL STATEMENTS. June 30, 2013 FINANCIAL STATEMENTS June 30, 2013 FINANCIAL STATEMENTS June 30, 2013 TABLE OF CONTENTS ITEM PAGE NUMBER Independent Auditor s Report 1 Statement of Financial Position 2 Statement of Activities 3 Statement

More information

Financial Statements and Independent Auditor s Report. Nonprofit Management Services of Colorado

Financial Statements and Independent Auditor s Report. Nonprofit Management Services of Colorado Financial Statements and Independent Auditor s Report Nonprofit Management Services of Colorado TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 3 Page FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION

More information

CONSOLIDATED FINANCIAL STATEMENTS. APRIL 30, 2015 and 2014 INDEPENDENT AUDITOR'S REPORT

CONSOLIDATED FINANCIAL STATEMENTS. APRIL 30, 2015 and 2014 INDEPENDENT AUDITOR'S REPORT CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2015 and 2014 WITH INDEPENDENT AUDITOR'S REPORT CONTENTS Independent Auditor's Report... 1 Consolidated Statements of Financial Position as of April 30, 2015

More information

INDEPENDENT AUDITORS' REPORT

INDEPENDENT AUDITORS' REPORT WWW.MCB-CPA.COM FINANCIAL STATEMENTS TABLE OF CONTENTS Page Independent Auditors Report 1 Financial Statements: Statements of Financial Position 2 Statements of Activities and Changes in Net Assets 3-4

More information

Independent Auditor s Report

Independent Auditor s Report Independent Auditor s Report To the Members of the Board of Directors National Insurance Producer Registry Kansas City, Missouri Report on the Financial Statements We have audited the accompanying financial

More information

California State University Bakersfield Foundation. FINANCIAL REPORT (Audited)

California State University Bakersfield Foundation. FINANCIAL REPORT (Audited) California State University Bakersfield Foundation FINANCIAL REPORT (Audited) JUNE 30, 2011 CALIFORNIA STATE UNIVERSITY, BAKERSFIELD, FOUNDATION FINANCIAL REPORT (Audited) JUNE 30, 2011 C O N T E N T S

More information

Silicon Valley Independent Living Center (A California Nonprofit Public Benefit Corporation)

Silicon Valley Independent Living Center (A California Nonprofit Public Benefit Corporation) Silicon Valley Independent Living Center (A California Nonprofit Public Benefit Corporation) FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Year Ended June 30, 2010 with Comparative Totals For the

More information

Sistema Infantil Teleton USA, dba Children s Rehabilitation Institute of Teleton USA and Subsidiary

Sistema Infantil Teleton USA, dba Children s Rehabilitation Institute of Teleton USA and Subsidiary Sistema Infantil Teleton USA, dba Children s Rehabilitation Institute of Teleton USA and Subsidiary Consolidated Financial Statements and Supplementary Information December 31, 2015 and 2014 Institute

More information