GRACE FELLOWSHIP CHURCH, INC. FINANCIAL STATEMENTS JUNE 30, 2013 AND 2012

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "GRACE FELLOWSHIP CHURCH, INC. FINANCIAL STATEMENTS JUNE 30, 2013 AND 2012"

Transcription

1 FINANCIAL STATEMENTS JUNE 30, 2013 AND 2012

2 Table of Contents For the Years Ended June 30, 2013 and 2012 PAGE Independent Auditors' Report A Financial Statements Statements of Financial Position A Statements of Activities... 3 Statements of Functional Expenses... 4 Statements of Cash Flows... 5 Notes to Financial Statements

3 INDEPENDENT AUDITORS' REPORT Board of Directors Grace Fellowship Church, Inc Deereco Road Timonium, Maryland We have audited the accompanying financial statements of Grace Fellowship Church, Inc. (a nonprofit organization), which comprise the statements of financial position as of June 30, 2013 and 2012, and the related statements of activities, functional expenses, and cash flows for the years then ended, and the related notes to the financial statements. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the entity s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

4 Grace Fellowship Church, Inc. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Grace Fellowship Church, Inc. as of June 30, 2013 and 2012, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Grandizio, Wilkins, Little & Matthews, LLP February 21, A-

5 STATEMENTS OF FINANCIAL POSITION June 30, ASSETS CURRENT ASSETS Cash and Cash Equivalents $ 3,622,517 $ 3,795,525 Prepaid Expenses 95,079 94,977 Accounts Receivable 22,704 32,669 TOTAL CURRENT ASSETS 3,740,300 3,923,171 PROPERTY AND EQUIPMENT Furniture and Fixtures 1,742,887 2,227,348 Leasehold Improvements 2,228,132 3,517,206 Vehicles 4,500 - Total 3,975,519 5,744,554 Less: Accumulated Depreciation (2,779,918) (3,309,245) TOTAL PROPERTY AND EQUIPMENT 1,195,601 2,435,309 OTHER ASSETS Security Deposits 21,875 71,875 Due from Shrewsbury 417,610 - TOTAL OTHER ASSETS 439,485 71,875 TOTAL ASSETS $ 5,375,386 $ 6,430,355 The independent auditors' report and accompanying notes are an integral part of these financial statements. -2-

6 STATEMENTS OF FINANCIAL POSITION June 30, LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts Payable and Accrued Expenses $ 157,519 $ 222,733 Current Portion of Capital Lease Obligations 13,992 20,211 TOTAL CURRENT LIABILITIES 171, ,944 LONG-TERM LIABILITIES Capital Lease Obligations - 20,037 TOTAL LIABILITIES 171, ,981 NET ASSETS Unrestricted 2,131,581 3,288,323 Temporarily Restricted 3,072,294 2,879,051 TOTAL NET ASSETS 5,203,875 6,167,374 TOTAL LIABILITIES AND NET ASSETS $ 5,375,386 $ 6,430,355 The independent auditors' report and accompanying notes are an integral part of these financial statements. -2A-

7 STATEMENTS OF ACTIVITIES For the Years Ended June 30, Unrestricted Temporarily Restricted Total Unrestricted Temporarily Restricted Total SUPPORT AND REVENUE Contributions $ 4,225,537 $ 505,439 $ 4,730,976 $ 5,394,694 $ 514,833 $ 5,909,527 Event and Material Revenue 154, , , ,885 Rental Income 33,164-33,164 42,082-42,082 Interest 5,390-5,390 5,802-5,802 TOTAL SUPPORT AND REVENUE 4,418, ,439 4,923,592 5,654, ,833 6,169,296 FUNCTIONAL EXPENSES Program Activities 4,331,790-4,331,790 5,359,343-5,359,343 Management Activities 574, , , ,564 TOTAL FUNCTIONAL EXPENSES 4,906,348-4,906,348 6,118,907-6,118,907 CHANGE IN NET ASSETS FROM OPERATIONS (488,195) 505,439 17,244 (464,444) 514,833 50,389 OTHER EXPENSES Contribution to Shrewsbury (980,743) - (980,743) NET ASSETS RELEASED FROM RESTRICTIONS Satisfaction of Program Restrictions 312,196 (312,196) - 288,036 (288,036) - CHANGE IN NET ASSETS (1,156,742) 193,243 (963,499) (176,408) 226,797 50,389 Net Assets - Beginning of Year 3,288,323 2,879,051 6,167,374 3,464,731 2,652,254 6,116,985 NET ASSETS - END OF YEAR $ 2,131,581 $ 3,072,294 $ 5,203,875 $ 3,288,323 $ 2,879,051 $ 6,167,374 The independent auditors' report and accompanying notes are an integral part of these financial statements. -3-

8 STATEMENTS OF FUNCTIONAL EXPENSES For the Years Ended June 30, 2013 and Program Management Total FUNCTIONAL EXPENSES Compensation $ 2,174,606 $ 347,273 $ 2,521,879 Depreciation 134,562 23, ,308 Support Other Ministries 463, ,769 Summer Missions 43,083-43,083 Facility and Equipment 926, ,951 1,029,515 Office and Technology - 66,270 66,270 Benevolence 17,685-17,685 Travel and Retreat 150,807 26, ,868 Professional Services 148, ,113 Hospitality and Conferences 110, ,309 Ministry Materials 102, ,858 Other 59,434 6,603 66,037 Interest - 1,654 1,654 TOTAL FUNCTIONAL EXPENSES $ 4,331,790 $ 574,558 $ 4,906, Program Management Total FUNCTIONAL EXPENSES Compensation $ 2,729,526 $ 376,479 $ 3,106,005 Depreciation 337,909 59, ,540 Support Other Ministries 415, ,905 Summer Missions 46,515-46,515 Facility and Equipment 1,071, ,545 1,190,840 Office and Technology - 127, ,352 Benevolence 22,987-22,987 Travel and Retreat 197,155 21, ,904 Professional Services 134,705 43, ,617 Hospitality and Conferences 113, ,974 Ministry Materials 232, ,797 Other 56,575 6,286 62,861 Interest - 4,610 4,610 TOTAL FUNCTIONAL EXPENSES $ 5,359,343 $ 759,564 $ 6,118,907 The independent auditors' report and accompanying notes are an integral part of these financial statements. -4-

9 STATEMENTS OF CASH FLOWS For the Years Ended June 30, CASH FLOWS FROM OPERATING ACTIVITIES Change in Net Assets $ (963,499) $ 50,389 Adjustments to Reconcile Change in Net Assets to Net Cash Provided By (Used In) Operating Activities: Depreciation 158, ,540 Non Cash Contribution to Shrewsbury 604,031 - Changes in Operating Assets and Liabilities: Accounts Receivable 9,965 6,033 Prepaid Expenses (102) (12,309) Accounts Payables and Accrued Expenses 59,610 10,524 NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (131,687) 452,177 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of Equipment and Improvements (71,110) (73,780) Security Deposit Paid - (50,000) NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (71,110) (123,780) CASH FLOWS FROM FINANCING ACTIVITIES Payment of Capital Lease Obligations (20,211) (37,183) Advances to Shrewsbury (50,000) - Repayments Received from Shrewsbury 100,000 - NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITES 29,789 (37,183) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (173,008) 291,214 Cash and Cash Equivalents - Beginning of Year 3,795,525 3,504,311 CASH AND CASH EQUIVALENTS - END OF YEAR $ 3,622,517 $ 3,795,525 SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: Cash Paid During the Year for Interest $ 1,654 $ 4,610 The independent auditors' report and accompanying notes are an integral part of these financial statements. -5-

10 NOTES TO FINANCIAL STATEMENTS June 30, 2013 and 2012 Note 1: Summary of Significant Accounting Policies Organization and Nature of Activities Grace Fellowship Church, Inc. (the Organization) is a non-profit organization established as a Christian Church operating in Timonium, Maryland. The Organization is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, as determined by the Internal Revenue Service with the exception of some unrelated business income. The following summarizes the significant accounting policies used in the preparation of these financial statements: Method of Accounting The Organization uses the accrual basis of accounting, recognizing contributions when measurable and available and expenses when incurred. Under generally accepted accounting principles, the Organization is required to report information regarding its financial position and activities according to three (3) classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets. There were no permanently restricted net assets as of June 30, 2013 and Cash and Cash Equivalents For purposes of the statements of cash flows, the Organization considers all short-term debt securities purchased with a maturity of three (3) months or less to be cash equivalents. Property and Equipment Property and equipment are recorded at cost if purchased, or if donated as support, at their estimated fair value. Such donations are reported as unrestricted support unless the donor has restricted the donated asset to a specific purpose. Assets donated with explicit restrictions regarding their use and contributions of cash that must be used to acquire property and equipment are reported as restricted support. Absent donor stipulations regarding how long those donated assets must be maintained, the Organization reports expirations of donor restrictions when the donated or acquired assets are placed in service as instructed by the donor. The Organization reclassifies temporarily restricted net assets to unrestricted net assets at that time. Property and equipment are depreciated using straight-line and accelerated methods over the estimated useful lives of the related assets which ranges from three (3) to thirty-nine (39) years. Accounts Receivable Management is of the opinion that all of the Organization's accounts receivable are fully collectible and no allowance for doubtful accounts is required. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. -6-

11 NOTES TO FINANCIAL STATEMENTS June 30, 2013 and 2012 Note 1: Summary of Significant Accounting Policies (Continued) Recognition of Donor Restrictions Contributions received are recorded as unrestricted, temporarily restricted or permanently restricted depending on the existence and/or nature of any donor restrictions. Support that is restricted by the donor is reported as an increase in unrestricted net assets if the restriction expires in the reporting period in which support is recognized. All other donor-restricted support is reported as an increase in temporarily or permanently restricted net assets depending on the nature of the restriction. When a restriction expires, temporarily restricted net assets are reclassified to unrestricted net assets. As of June 30, 2013 and 2012, the Organization has temporarily restricted net assets from donors in the amounts of $3,072,294 and $2,879,051, respectively. These funds are temporarily restricted due to the funds being designated by the donor for a specific purpose. Donated Materials The Organization records donated materials and equipment as contributions. Such items are recorded at their estimated fair market value at the date of receipt. Donated Services The Organization records donated services if the services (a) create or enhance nonfinancial assets or (b) require specialized skills, are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation. There were no such services for the years ended June 30, 2013 and Income Taxes The Organization is a non-profit organization and is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and has been determined not to be a private foundation. Income Tax Uncertainties The Organization has adopted FASB ASC , Accounting for Uncertainty in Income Taxes. The Organization will record a liability for uncertain tax positions when it is more likely than not that a tax position would not be sustained if examined by the taxing authority. The Organization continually evaluates expiring statuses of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The Organization s evaluation on June 30, 2013 revealed no uncertain tax positions that would have a material impact on the financial statements. Accounting for the Impairment The Organization reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Recoverability is measured by a comparison of the carrying amount to the future net undiscounted cash flow expected to be generated and any estimated proceeds from the eventual disposition. If the long-lived asset is considered to be impaired, the impairment to be recognized is measured at the amount by which the carrying amount exceeds the fair value as determined from an appraisal, discounted cash flows analysis or other valuation technique. There were no important losses recognized for the years ended June 30, 2013 and

12 NOTES TO FINANCIAL STATEMENTS June 30, 2013 and 2012 Note 1: Summary of Significant Accounting Policies (Continued) Date of Management s Review The Organization has evaluated events and transactions that occurred during the period from the date of the financial statements through February 21, 2014, the date the Organization s financial statements were available to be issued. There were no events or transactions that occurred during the period that materially impacted the amounts or disclosures in the Organization s financial statements. Note 2: Concentration of Credit Risk The Organization maintains cash balances at several financial institutions. Accounts at each institution are secured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. At June 30, 2013 and 2012, cash balances exceeded the insured amounts, however, management believes that no significant concentration of credit risk exists with respect to these balances. Note 3: Temporarily Restricted Net Assets As of June 30, 2013 and 2012, temporarily restricted net assets are available for the following: Grace Rising $ 2,900,364 $ 2,759,413 Grace Xtensions and Grace Xten Cont Fund 17,991 22,088 CareNet 41,824 32,431 Over the Horizon 21,616 26,440 Others 90,499 38,679 TOTAL $ 3,072,294 $ 2,879,051 Note 4: Lease Agreements The Organization entered into a five (5) year non-cancelable operating lease for its facility effective May 6, The lease had two (2) additional five (5) year options to renew. On April 3, 2008, the Organization renewed the lease for another five (5) years ending May 5, The future minimum lease payments are as follows: For the Year Ending June 30, 2014 $ 598,264 Rent expense for the years ended June 30, 2013 and 2012 amounted to $770,464 and $906,352, respectively and is included in facility and equipment on the statement of functional expenses. -8-

13 NOTES TO FINANCIAL STATEMENTS June 30, 2013 and 2012 Note 5: Unrelated Business Income The Organization receives unrelated business income from the rental of the facility. The revenue generated from this rental activity amounted to $33,164 and $42,082 for the years ended June 30, 2013 and 2012, respectively. Note 6: Functional Allocation of Expense The costs of providing various programs have been summarized on a functional basis in the statements of functional expenses. Accordingly, certain costs have been allocated among the programs and supporting services benefited. Note 7: Employee Benefit Plan The Organization has a defined contribution salary deferral plan covering substantially all employees. For the years ended June 30, 2013 and 2012, the Organization contributed two and one-half percent (2.5%) of employee salary. The total expense for the years ended June 30, 2013 and 2012 was $23,350 and $26,577, respectively. Note 8: Capital Leases The Organization is the lessee of several pieces of equipment under capital leases expiring at various times in the years 2013 and The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are depreciated over the lower of their related lease terms or their estimated productive lives. Depreciation of assets under capital leases is included in depreciation expense for 2013 and The following is a summary of property held under capital leases: Equipment $ 122,051 $ 142,211 Less: Accumulated Depreciation (113,819) (108,839) TOTAL $ 8,232 $ 33,372-9-

14 NOTES TO FINANCIAL STATEMENTS June 30, 2013 and 2012 Note 8: Capital Leases (Continued) Future minimum lease payment under capital leases is as follows: For the Year Ending June 30, 2014 $ 14,486 Less: Amount Representing Interest 494 Total 13,992 Less: Current Maturities of Long-Term Obligations Under Capital Lease 13,992 LONG-TERM OBLIGATIONS UNDER CAPITAL LEASE $ - Note 9: Contribution to Shrewsbury On July 1, 2012, the Organization s Shrewsbury, Pennsylvania location began operating as Grace Fellowship Church, Inc. (Shrewsbury), a separate and unrelated non-profit entity formed in Also on July 1, 2012, the Organization contributed the following assets and liabilities to Shrewsbury: Cash and Cash Equivalents $ 376,712 Security Deposits 50,000 Furniture and Fixtures,Net 225,606 Leasehold Improvements, Net 926,905 Accounts Payable and Accrued Expenses (124,825) Capital Lease Obligations (6,045) Total 1,448,353 Amount agreed to be paid by Shrewsbury in future years (as discussed in subsequent Note 10) (467,610) Amount recognized as contribution expenses on the statement of activities during the year ended June 30, $ 980,

15 NOTES TO FINANCIAL STATEMENTS June 30, 2013 and 2012 Note 10: Due from Shrewsbury As discussed in Note 9, in conjunction with the contribution of assets and liabilities to Shrewsbury, the Organization and Shrewsbury informally agreed that Shrewsbury would pay the Organization $467,610 in future years. This amount is unsecured and bears no interest. Repayment is scheduled for a five (5) year period. The Organization also advanced an additional $50,000 to Shrewsbury to aid in starting up their operations as a separate entity. During the year ended June 30, 2013, the Organization received $100,000 from Shrewsbury, leaving $417,610 remaining outstanding as of June 30, 2013, which is presented as a non-current asset because of the lack of formal repayment terms. -11-

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

AUSTIN STONE COMMUNITY CHURCH FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT JULY 31, 2014 AND 2013

AUSTIN STONE COMMUNITY CHURCH FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT JULY 31, 2014 AND 2013 FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT C O N T E N T S Page Independent Auditors' Report 1 Financial Statements Statements of Financial Position 3 Statements of Activities 4 Statements of

More information

BROOKWOOD CHURCH. Financial Statements With Independent Auditors Report. Year Ended September 30, 2013 and Thirteen Months Ended September 30, 2012

BROOKWOOD CHURCH. Financial Statements With Independent Auditors Report. Year Ended September 30, 2013 and Thirteen Months Ended September 30, 2012 Financial Statements With Independent Auditors Report Year Ended September 30, 2013 and Thirteen Months Ended September 30, 2012 Table of Contents Independent Auditors Report 1 Financial Statements Statements

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

October 7, 2015. To the Board of Elders of Christ Fellowship

October 7, 2015. To the Board of Elders of Christ Fellowship October 7, 2015 To the Board of Elders of Christ Fellowship We have audited the financial statements of Christ Fellowship (the Church ) for the year ended June 30, 2015 and have issued our report thereon

More information

FINANCIAL STATEMENTS With Independent Auditors' Report. July 31, 2014 and 2013

FINANCIAL STATEMENTS With Independent Auditors' Report. July 31, 2014 and 2013 FINANCIAL STATEMENTS With Independent Auditors' Report July 31, 2014 and 2013 Table of Contents Independent Auditors' Report 1 Financial Statements Statements of Financial Position 3 Statements of Activities

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

ELife Church D.B.A. Experience Life Church. Financial Statements and Independent Auditor s Report. December 31, 2014 and 2013

ELife Church D.B.A. Experience Life Church. Financial Statements and Independent Auditor s Report. December 31, 2014 and 2013 Financial Statements and Independent Auditor s Report December 31, 2014 and 2013 Contents Page Independent Auditor s Report... 3 Financial Statements Statements of Financial Position... 4 Statements of

More information

HIGHPOINT COMMUNITY CHURCH

HIGHPOINT COMMUNITY CHURCH Memphis, Tennessee Financial Statements Year Ended July 31, 2010 Financial Statements Year Ended July 31, 2010 TABLE OF CONTENTS Page Independent Auditors' Report 1 Statements of Financial Position 2 Statements

More information

BOISE RESCUE MISSION, INC. (a nonprofit organization) CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

BOISE RESCUE MISSION, INC. (a nonprofit organization) CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION (a nonprofit organization) CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Years Ended September 30, 2014 and 2013 TABLE OF CONTENTS Page Independent Auditors Report...3 Consolidated Statements

More information

MINNESOTA COUNCIL OF CHURCHES MINNEAPOLIS, MINNESOTA FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011

MINNESOTA COUNCIL OF CHURCHES MINNEAPOLIS, MINNESOTA FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011 MINNEAPOLIS, MINNESOTA FINANCIAL STATEMENTS DECEMBER 31, 2012 AND 2011 TABLE OF CONTENTS Page INDEPENDENT AUDITOR S REPORT 1-2 FINANCIAL STATEMENTS Statements of Financial Position 3-4 Statements of Activities

More information

Celebration Church of Jacksonville, Inc.

Celebration Church of Jacksonville, Inc. Financial Statements and Independent Auditor s Report Contents Page Independent Auditor s Report...3 Financial Statements Statement of Financial Position...4 Statement of Activities...5 Statement of Cash

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

NEW LIFE CHURCH AND AFFILIATE

NEW LIFE CHURCH AND AFFILIATE CONSOLIDATED FINANCIAL STATEMENTS With Independent Auditors' Report December 31, 2014 and 2013 Table of Contents Independent Auditors' Report 1 Financial Statements Consolidated Statements of Financial

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

FINANCIAL STATEMENTS. For the Years Ended March 31, 2014 and 2013 with Independent Auditors Report

FINANCIAL STATEMENTS. For the Years Ended March 31, 2014 and 2013 with Independent Auditors Report FINANCIAL STATEMENTS For the Years Ended with Independent Auditors Report FINANCIAL STATEMENTS CONTENTS Page Independent Auditors Report... 1-2 Financial Statements: Statements of Financial Position...3

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

NEW LIFE CHURCH AND AFFILIATE

NEW LIFE CHURCH AND AFFILIATE CONSOLIDATED FINANCIAL STATEMENTS With Independent Auditors' Report December 31, 2013 and 2012 Table of Contents Independent Auditors' Report 1 Financial Statements Consolidated Statements of Financial

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

THE AUTISM SOCIETY OF COLORADO FINANCIAL STATEMENTS DECEMBER 31, 2012

THE AUTISM SOCIETY OF COLORADO FINANCIAL STATEMENTS DECEMBER 31, 2012 FINANCIAL STATEMENTS DECEMBER 31, 2012 C O N T E N T S Independent Auditor s Report 2-3 Statements of Financial Position 4 Statements of Activities 5-6 Statements of Cash Flows 7 Notes to Financial Statements

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

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

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

KIPP NEW YORK, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS

KIPP NEW YORK, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2015 AND 2014 TABLE OF CONTENTS YEARS ENDED JUNE 30, 2015 AND 2014 INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS OF FINANCIAL

More information

SOUTH ORANGE PERFORMING ARTS CENTER, INC. Financial Statements June 30, 2014 and 2013

SOUTH ORANGE PERFORMING ARTS CENTER, INC. Financial Statements June 30, 2014 and 2013 SOUTH ORANGE PERFORMING ARTS CENTER, INC. Financial Statements The report accompanying these financial Statements was issued by Spire Group, PC a New Jersey Professional Corporation. Table of Contents

More information

Saint Simons Community Church, Inc. Financial Statements

Saint Simons Community Church, Inc. Financial Statements Saint Simons Community Church, Inc. Financial Statements For The Year Ended December 31, 2014 REPORT OF INDEPENDENT AUDITORS The Elder Board Saint Simons Community Church, Inc. St. Simons Island, Georgia

More information

CALVARY ALBUQUERQUE, INC. AND AFFILIATE

CALVARY ALBUQUERQUE, INC. AND AFFILIATE 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

GRACE CHURCH CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011

GRACE CHURCH CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011 CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011 TABLE OF CONTENTS YEARS ENDED MAY 31, 2012 AND 2011 INDEPENDENT AUDITORS REPORT 1 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS

More information

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JOSEPH S HOUSE, INC. (A NON-PROFIT ORGANIZATION)

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JOSEPH S HOUSE, INC. (A NON-PROFIT ORGANIZATION) FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JOSEPH S HOUSE, INC. (A NON-PROFIT ORGANIZATION) September 30, 2013 and 2012 CONTENTS Page Report of Independent Certified Public

More information

MICROFINANCE OPPORTUNITIES, INC.

MICROFINANCE OPPORTUNITIES, INC. WWW.MCB-CPA.COM TABLE OF CONTENTS DECEMBER 31, 2012 AND 2011 Independent Auditors Report 1-2 Financial Statements: Statements of Financial Position 3 Statements of Activities and Changes in Net Assets

More information

Community Christian Church and Affiliates

Community Christian Church and Affiliates Community Christian Church and Affiliates Independent Auditor s Report and Consolidated Financial Statements September 30, 2014 Community Christian Church and Affiliates September 30, 2014 Contents Independent

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

USF HEALTH INTERNATIONAL FOUNDATION. Audited Financial Statements. June 30, 2011 and 2010. Contents. Independent Auditors' Report...

USF HEALTH INTERNATIONAL FOUNDATION. Audited Financial Statements. June 30, 2011 and 2010. Contents. Independent Auditors' Report... Audited Financial Statements June 30, 2011 and 2010 Contents Independent Auditors' Report... 1 Financial Statements: Statements of Financial Position... 2 Statement of Activities... 3 Statement of Cash

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

WORLD BUSINESS CHICAGO YEARS ENDED DECEMBER 31, 2014 AND 2013

WORLD BUSINESS CHICAGO YEARS ENDED DECEMBER 31, 2014 AND 2013 YEARS ENDED DECEMBER 31, 2014 AND 2013 YEARS ENDED DECEMBER 31, 2014 AND 2013 CONTENTS Page Independent auditor s report 1-2 Financial statements: Statement of financial position 3-4 Statement of activities

More information

igem Foundation, Inc. Financial Statements Year Ended December 31, 2012

igem Foundation, Inc. Financial Statements Year Ended December 31, 2012 Financial Statements Year Ended December 31, 2012 Table of Contents Independent Auditors Report 1-2 Financial Statements: Statement of Financial Position 3 Statement of Activities and Changes in Net Assets

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

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

COMMUNITY BLOOD CENTERS OF FLORIDA, INC. AND AFFILIATE

COMMUNITY BLOOD CENTERS OF FLORIDA, INC. AND AFFILIATE CONSOLIDATED FINANCIAL STATEMENTS CONTENTS Independent Auditors Report...1 Consolidated Financial Statements Statement of Financial Position... 2-3 Statement of Activities and Changes in Net Assets...4

More information

Transitional Living Centers of Oklahoma, Inc. Financial Statements and Independent Auditor s Report. December 31, 2014 and 2013

Transitional Living Centers of Oklahoma, Inc. Financial Statements and Independent Auditor s Report. December 31, 2014 and 2013 Financial Statements and Independent Auditor s Report December 31, 2014 and 2013 Table of Contents PAGE Independent Auditor s Report... 3 Financial Statements Statements of Financial Position... 4 Statements

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

AMERICAN CHILDHOOD CANCER ORGANIZATION FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT AUGUST 31, 2014 AND 2013 WWW.MCB-CPA.

AMERICAN CHILDHOOD CANCER ORGANIZATION FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT AUGUST 31, 2014 AND 2013 WWW.MCB-CPA. 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

NONPROFITS ASSISTANCE FUND FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2015 AND 2014

NONPROFITS ASSISTANCE FUND FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2015 AND 2014 FINANCIAL STATEMENTS YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION 3 STATEMENTS OF ACTIVITIES 5 STATEMENTS OF CASH FLOWS

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

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT THE SUPPLY EDUCATION GROUP A NONPROFIT CORPORATION.

FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT THE SUPPLY EDUCATION GROUP A NONPROFIT CORPORATION. FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT THE SUPPLY EDUCATION GROUP December 31, 2012 CONTENTS Page Report of Independent Certified Public Accountant 3 Financial Statements

More information

igem Foundation, Inc. Financial Statements Years Ended December 31, 2014 and 2013

igem Foundation, Inc. Financial Statements Years Ended December 31, 2014 and 2013 Financial Statements Years Ended December 31, 2014 and 2013 Table of Contents Independent Auditors Report 1-2 Financial Statements: Statements of Financial Position 3 Statements of Activities 4 Statements

More information

Financial Statements June 30, 2014 Habitat for Humanity of Utah County

Financial Statements June 30, 2014 Habitat for Humanity of Utah County Financial Statements Habitat for Humanity of Utah County www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Financial Statements Statement of Financial Position... 2 Statement of Activities...

More information

ST. MARTIN'S EPISCOPAL CHURCH

ST. MARTIN'S EPISCOPAL CHURCH ST. MARTIN'S EPISCOPAL CHURCH FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT FOR THE YEARS ENDED DECEMBER 31,2010 (AUDITED) AND DECEMB:ER 31, 2009 (REVIEWED) CONTENTS Page INDEPENDENT AUDITORS'

More information

NEWSONG COMMUNITY CHURCH OF ORANGE COUNTY

NEWSONG COMMUNITY CHURCH OF ORANGE COUNTY NEWSONG COMMUNITY CHURCH OF ORANGE COUNTY Financial Statements With Accountants' Review Report August 31, 2012 NEWSONG COMMUNITY CHURCH OF ORANGE COUNTY Table of Contents Accountants' Review Report 1 Financial

More information

OPPORTUNITIES INDUSTRIALIZATION CENTERS OF AMERICA, INC. Financial Statements. June 30, 2012 and 2011. With Independent Auditors' Reports

OPPORTUNITIES INDUSTRIALIZATION CENTERS OF AMERICA, INC. Financial Statements. June 30, 2012 and 2011. With Independent Auditors' Reports OPPORTUNITIES INDUSTRIALIZATION CENTERS OF AMERICA, INC. Financial Statements June 30, 2012 and 2011 With Independent Auditors' Reports Table of Contents June 30, 2012 and 2011 Independent Auditors' Report...

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

Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011

Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011 Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011 Table of Contents Page Independent Auditor s Report 1 Financial

More information

California Interscholastic Federation Los Angeles City Section (A Nonprofit Organization) Financial Statements June 30, 2014

California Interscholastic Federation Los Angeles City Section (A Nonprofit Organization) Financial Statements June 30, 2014 California Interscholastic Federation Los Angeles City Section Financial Statements INDEX TO FINANCIAL STATEMENTS Independent Auditors Report... 1 Statement of Financial Position... 3 Statement of Activities...

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

Grace Centers of Hope and Subsidiaries. Consolidated Financial Report October 31, 2013

Grace Centers of Hope and Subsidiaries. Consolidated Financial Report October 31, 2013 Consolidated Financial Report October 31, 2013 Contents Report Letter 1 Consolidated Financial Statements Balance Sheet 2 Statement of Activities and Changes in Net Assets 3 Statement of Functional Expenses

More information

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

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

BIOQUAL, INC. AND SUBSIDIARY AUDITED CONSOLIDATED FINANCIAL STATE:MENTS MAY 31, 2014 AND 2013

BIOQUAL, INC. AND SUBSIDIARY AUDITED CONSOLIDATED FINANCIAL STATE:MENTS MAY 31, 2014 AND 2013 BIOQUAL, INC. AND SUBSIDIARY AUDITED CONSOLIDATED FINANCIAL STATE:MENTS MAY 31, 2014 AND 2013 Table of Contents Page Independent Auditor's Report 1-2 Audited Consolidated Financial Statements Consolidated

More information

THE ASSOCIATION FOR FRONTOTEMPORAL DEMENTIAS. December 31, 2006. O'Hara, Ward and Associates Certified Public Accountants

THE ASSOCIATION FOR FRONTOTEMPORAL DEMENTIAS. December 31, 2006. O'Hara, Ward and Associates Certified Public Accountants THE ASSOCIATION FOR FRONTOTEMPORAL DEMENTIAS Financial Statement December 31, 2006 O'Hara, Ward and Associates Certified Public Accountants DECEMBER 31, 2006 CONTENTS REPORT OF INDEPENDENT ACCOUNTANT PAGE

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

THE NATIONAL SECURITY ARCHIVE FUND, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT DECEMBER 31, 2014 AND 2013 WWW.MCB-CPA.

THE NATIONAL SECURITY ARCHIVE FUND, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT DECEMBER 31, 2014 AND 2013 WWW.MCB-CPA. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT WWW.MCB-CPA.COM TABLE OF CONTENTS Independent Auditors Report 1 Financial Statements: Statements of Financial Position 2 Statements of Activities and

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

AUTISM SPEAKS, INC. CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2012 AND 2011

AUTISM SPEAKS, INC. CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2012 AND 2011 CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2012 AND 2011 CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2012 AND 2011 I N D E X INDEPENDENT AUDITOR S REPORT 1-2 CONSOLIDATED

More information

VERMONT LONG TERM DISASTER RECOVERY GROUP, INC. (DOING BUSINESS AS VERMONT DISASTER RELIEF FUND )

VERMONT LONG TERM DISASTER RECOVERY GROUP, INC. (DOING BUSINESS AS VERMONT DISASTER RELIEF FUND ) VERMONT LONG TERM DISASTER RECOVERY GROUP, INC. (DOING BUSINESS AS VERMONT DISASTER RELIEF FUND ) FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT TABLE OF CONTENTS Independent Auditor s Report...

More information

FINANCIAL STATEMENTS JUNE 30, 2013

FINANCIAL STATEMENTS JUNE 30, 2013 FINANCIAL STATEMENTS L & C Leaf & Cole, LLP Certified Public Accountants FINANCIAL STATEMENTS TABLE OF CONTENTS Page Independent Auditor s Report 1-2 Statement of Financial Position 3-4 Statement of Activities

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

MOZILLA FOUNDATION DECEMBER 31, 2014 AND 2013 INDEPENDENT AUDITORS REPORT CONSOLIDATED FINANCIAL STATEMENTS AND SUBSIDIARY AND

MOZILLA FOUNDATION DECEMBER 31, 2014 AND 2013 INDEPENDENT AUDITORS REPORT CONSOLIDATED FINANCIAL STATEMENTS AND SUBSIDIARY AND MOZILLA FOUNDATION AND SUBSIDIARY DECEMBER 31, 2014 AND 2013 INDEPENDENT AUDITORS REPORT AND CONSOLIDATED FINANCIAL STATEMENTS Independent Auditors Report and Consolidated Financial Statements Independent

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

THE SUNDARI FOUNDATION, INC. AND AFFILIATES (D.B.A. THE LOTUS HOUSE) (a nonprofit organization) CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011

THE SUNDARI FOUNDATION, INC. AND AFFILIATES (D.B.A. THE LOTUS HOUSE) (a nonprofit organization) CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011 THE SUNDARI FOUNDATION, INC. AND AFFILIATES (a nonprofit organization) CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2011 THE SUNDARI FOUNDATION, INC. AND AFFILIATES (a nonprofit organization) CONSOLIDATED

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

ROSWELL UNITED METHODIST CHURCH, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT For the Years Ended December 31, 2014 and 2013

ROSWELL UNITED METHODIST CHURCH, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT For the Years Ended December 31, 2014 and 2013 FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT For the Years Ended December 31, 2014 and 2013 TABLE OF CONTENTS PAGE INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS Statements of Financial Position

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

AMERICA CAN! CARS FOR KIDS

AMERICA CAN! CARS FOR KIDS ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED AUGUST 31, 2014 C O N T E N T S Page INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL STATEMENTS Statement of Financial Position... 3 Statement of Activities... 4

More information

SOLDIERS ANGELS. AUDITED FINANCIAL STATEMENTS December 31, 2013

SOLDIERS ANGELS. AUDITED FINANCIAL STATEMENTS December 31, 2013 AUDITED FINANCIAL STATEMENTS CONTENTS Page Independent Auditor s Report... 1-2 Statement of Financial Position... 3 Statement of Activities... 4 Statement of Functional Expenses... 5-6 Statement of Cash

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

Electric Reliability Council of Texas, Inc. Years Ended December 31, 2013 and 2012 With Report of Independent Auditors

Electric Reliability Council of Texas, Inc. Years Ended December 31, 2013 and 2012 With Report of Independent Auditors F INANCIAL S TATEMENTS Electric Reliability Council of Texas, Inc. Years Ended December 31, 2013 and 2012 With Report of Independent Auditors Ernst & Young LLP Financial Statements December 31, 2013 and

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

EVERGREEN COMMUNITY CHURCH FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2012 AND 2011

EVERGREEN COMMUNITY CHURCH FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2012 AND 2011 FINANCIAL STATEMENTS YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS STATEMENTS OF ASSETS, LIABILITIES AND NET ASSETS MODIFIED CASH BASIS 3 STATEMENTS OF SUPPORT,

More information

FINANCIAL STATEMENTS. Alberta Beverage Container Recycling Corporation. Contents

FINANCIAL STATEMENTS. Alberta Beverage Container Recycling Corporation. Contents 1 FINANCIAL STATEMENTS Alberta Beverage Container Recycling Corporation Contents 2 Independent Auditor s Report 3 Statement of Operations and Changes in Net Assets 4 Statement of Financial Position 5 Statement

More information

GREATER FOX CITIES AREA HABITAT FOR HUMANITY, INC.

GREATER FOX CITIES AREA HABITAT FOR HUMANITY, INC. GREATER FOX CITIES AREA HABITAT FOR HUMANITY, INC. FINANCIAL STATEMENTS Year Ended CONTENTS Page INDEPENDENT AUDITORS REPORT 1-2 FINANCIAL STATEMENTS Statement of Financial Position 3-4 Statement of Activities

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

Financial Statements September 30, 2014 and 2013 Utah Microenterprise Loan Fund

Financial Statements September 30, 2014 and 2013 Utah Microenterprise Loan Fund Financial Statements Utah Microenterprise Loan Fund www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Financial Statements Statements of Financial Position... 2 Statements of Activities...

More information

NONPROFIT ENTERPRISE AT WORK, INC.

NONPROFIT ENTERPRISE AT WORK, INC. FINANCIAL STATEMENTS For the year ended June 30, 2013 and 2012 FINANCIAL STATEMENTS For the year ended June 30, 2013 and 2012 TABLE OF CONTENTS FINANCIAL STATEMENTS...2 Statements of Financial Position...2

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

National Safety Council. Consolidated Financial Report June 30, 2014 and 2013

National Safety Council. Consolidated Financial Report June 30, 2014 and 2013 Consolidated Financial Report June 30, 2014 and 2013 Contents Independent Auditor s Report 1 2 Financial Statements Consolidated statements of financial position 3 Consolidated statements of activities

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

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, 2010 and 2009 (With Independent Auditors Report Thereon) TABLE OF CONTENTS June 30, 2010 INDEPENDENT

More information

The Village Church. Financial Statements

The Village Church. Financial Statements The Village Church Financial Statements For The Year Ended December 31, 2014 REPORT OF INDEPENDENT AUDITORS The Central Elders Board The Village Church Flower Mound, Texas We have audited the accompanying

More information

MOTHERS AGAINST DRUNK DRIVING FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS DECEMBER 31, 2013 AND 2012

MOTHERS AGAINST DRUNK DRIVING FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS DECEMBER 31, 2013 AND 2012 MOTHERS AGAINST DRUNK DRIVING FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS DECEMBER 31, 2013 AND 2012 MOTHERS AGAINST DRUNK DRIVING DECEMBER 31, 2013 AND 2012 CONTENTS Page

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

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

Partners for the Common Good Financial Statements December 31, 2014 and 2013

Partners for the Common Good Financial Statements December 31, 2014 and 2013 Partners for the Common Good Financial Statements December 31, 2014 and 2013 TABLE OF CONTENTS Page Independent Auditors' Report 1-2 Financial Statements: Statements of Financial Position 3 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

EVA'S INITIATIVES FOR HOMELESS YOUTH

EVA'S INITIATIVES FOR HOMELESS YOUTH FINANCIAL STATEMENTS Independent Auditor's Report Page 1 Statement of Financial Position 2 Statement of Operations 3 Schedule of Donations, Fundraising and Grants Revenues 4 Statement of Changes in Net

More information

Collaborative For Children. Financial Statements and Independent Auditors Report for the years ended December 31, 2011 and 2010

Collaborative For Children. Financial Statements and Independent Auditors Report for the years ended December 31, 2011 and 2010 Financial Statements and Independent Auditors Report for the years ended December 31, 2011 and 2010 Blazek & Vetterling C ERTIFIED P UBLIC A CCOUNTANTS Independent Auditors Report To the Board of Directors

More information

LIFE COVENANT CHURCH, INC. December 31, 2013

LIFE COVENANT CHURCH, INC. December 31, 2013 LIFE COVENANT CHURCH, INC. AUDITED FINANCIAL STATEMENTS Independent Auditors Report... 1 Statement of Financial Position... 3 Statement of Activities... 4 Statement of Cash Flows... 5 Notes to Financial

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

Guelph Chamber of Commerce Financial Statements For the Year Ended June 30, 2015

Guelph Chamber of Commerce Financial Statements For the Year Ended June 30, 2015 Financial Statements For the Year Ended June 30, 2015 Financial Statements For the Year Ended June 30, 2015 Contents Independent Auditor's Report 1 Financial Statements Statement of Financial Position

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

LUTHERAN FOUNDATION OF THE SOUTHWEST. Financial Statements as of and for the Years Ended December 31, 2014 and 2013 and Independent Auditors Report

LUTHERAN FOUNDATION OF THE SOUTHWEST. Financial Statements as of and for the Years Ended December 31, 2014 and 2013 and Independent Auditors Report LUTHERAN FOUNDATION OF THE SOUTHWEST Financial Statements as of and for the Years Ended December 31, 2014 and 2013 and Independent Auditors Report MAXWELL LOCKE & RITTER L L P Accountants and Consultants

More information