Financial Report - 2004
EAST ATLANTA KIDS CLUB
Statement of Financial Position
ASSETS
CURRENT ASSETS: |
|
|
|
Cash |
$ 143 |
Grants receivable |
8,853 |
Total current assets |
8,996 |
PROPERTY & EQUIPMENT |
|
|
|
Computer equipment |
12,301 |
Software |
693 |
|
12,994 |
Less accumulated depreciation |
(3,946) |
Fixed assets, net |
9,048 |
|
|
OTHER ASSETS |
|
|
|
Art work |
850 |
|
|
Total other assets |
850 |
Total assets |
$ 18,894 |
EAST ATLANTA KIDS CLUB
Statement of Financial Position
LIABILITIES AND STOCKHOLDER’S EQUITY
CURRENT LIABILITIES |
|
|
|
Accounts payable and other |
$ 4,984 |
|
|
Total current liabilities |
4,984 |
|
|
Total liabilities |
4,984 |
|
|
NET ASSETS |
|
|
|
Unrestricted |
293 |
Temporarily restricted |
13,617 |
|
|
Total net assets |
13,910 |
Total liabilities and net assets |
$ 18,994 |
EAST ATLANTA KIDS CLUB
Statement of Activities and Changes in Net Assets
December 31, 2004
| |
Unrestricted |
Temporarily
Restricted |
Total |
REVENUES: |
|
|
|
Grants |
$ 14,000 |
$ 22,404 |
$ 36,404 |
Contributions |
23,399 |
1,549 |
24,948 |
Donated services and equipment |
39,333 |
|
39,333 |
Program services |
990 |
|
990 |
|
|
|
|
Total revenues |
77,722 |
23,953 |
101,675 |
|
|
|
|
NET ASSETS RELEASED FROM PROGRAM RESTRICTIONS : |
19,326 |
(19,326) |
0 |
|
|
|
|
EXPENSES: |
|
|
|
Program |
85,246 |
|
85,246 |
Fundraising |
7,621 |
|
7,621 |
Management and general |
9,903 |
|
9,903 |
|
|
|
|
Total expenses |
102,770 |
|
102,770 |
|
|
|
|
CHANGE IN NET ASSETS: |
(5,722) |
4,627 |
(1,095) |
|
|
|
|
NET ASSETS: |
|
|
|
Beginning of year |
6,015 |
8,990 |
15,005 |
|
|
|
|
NET ASSETS: |
|
|
|
E nd of year |
$ 293 |
$ 13,617 |
$ 13,910 |
EAST ATLANTA KIDS CLUB
Statement of Functional Expenses
For the Year Ended December 31, 2004
| |
Program |
Fundraising |
Management and General |
Total |
Salaries |
$ 28,798 |
$ 2,637 |
$ 6,320 |
$ 37,755 |
Professional, Accounting and Contract Fees |
900 |
4,225 |
|
5,125 |
Artist Fees |
600 |
|
|
600 |
Art Supplies |
3,197 |
|
|
3,197 |
Technology Related |
12,544 |
|
|
12,544 |
Education/Enrichment Services |
1,344 |
|
|
1,344 |
Printing and Publications |
3,154 |
|
|
3,154 |
Recreation |
10,095 |
|
|
10,095 |
Transportation |
656 |
|
|
656 |
Food/Snacks |
1,849 |
|
|
1,849 |
Field Trips |
4,200 |
|
|
4,200 |
Corporate Fees |
|
|
30 |
30 |
Occupancy (rent and utilities) |
11,689 |
|
|
11,689 |
Other Expenses |
6,220 |
759 |
1,141 |
8,120 |
Depreciation |
|
|
2,412 |
2,412 |
Total |
$ 85,246 |
$ 7,621 |
$ 9,903 |
$ 102,770 |
EAST ATLANTA KIDS CLUB
Statement of Cash Flows
Year ended December 31, 2004 |
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
Change in net assets: |
$ (1,095) |
Increase (decrease) in items not affecting cash: |
|
Depreciation |
2,412 |
Changes in: |
|
Receivables |
(8,853) |
Payables |
4,416 |
Net cash used for operating activities |
(3,120) |
|
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
Cash used to acquire property and equipment |
(3,718) |
Net cash used for investing activities |
(3,718) |
|
|
Net increase (decrease) in cash |
(6,838) |
|
|
Cash at beginning of year: |
6,981 |
|
|
Cash at end of year: |
$ 143 |
|
