Financial Report - 2005
EAST ATLANTA KIDS CLUB
Statement of Financial Position
ASSETS
CURRENT ASSETS: |
|
|
|
Cash |
$ 4,351 |
Grants receivable |
9,646 |
Total current assets |
13,961 |
PROPERTY & EQUIPMENT |
|
|
|
Computer equipment |
12,301 |
Software |
693 |
|
12,994 |
Less accumulated depreciation |
(6,359) |
Fixed assets, net |
6,635 |
|
|
OTHER ASSETS |
|
|
|
Art work |
850 |
|
|
Total other assets |
850 |
Total assets |
$ 21,446 |
EAST ATLANTA KIDS CLUB
Statement of Financial Position
LIABILITIES AND STOCKHOLDER’S EQUITY
CURRENT LIABILITIES |
|
|
|
Accounts payable and other |
$ 3,426 |
|
|
Total current liabilities |
3,426 |
|
|
Total liabilities |
3,426 |
|
|
NET ASSETS |
|
|
|
Unrestricted |
18,020 |
Temporarily restricted |
0 |
|
|
Total net assets |
18,020 |
Total liabilities and net assets |
$ 21,446 |
EAST ATLANTA KIDS CLUB
Statement of Activities and Changes in Net Assets
December 31, 2005
| |
Unrestricted |
Temporarily
Restricted |
Total |
REVENUES: |
|
|
|
Grants |
$ 5,100 |
$ 44,868 |
$ 49,968 |
Contributions |
23,047 |
1,205 |
24,252 |
Donated services and equipment |
23,269 |
|
23,269 |
Program services |
15,689 |
|
15,689 |
|
|
|
|
Total revenues |
67,105 |
46,073 |
113,178 |
|
|
|
|
NET ASSETS RELEASED FROM PROGRAM RESTRICTIONS : |
59,690 |
(59,690) |
0 |
|
|
|
|
EXPENSES: |
|
|
|
Program |
84,979 |
|
84,979 |
Fundraising |
8,651 |
|
8,651 |
Management and general |
15,438 |
|
15,438 |
|
|
|
|
Total expenses |
109,068 |
|
109,068 |
|
|
|
|
CHANGE IN NET ASSETS: |
17,727 |
(13,617) |
4,110 |
|
|
|
|
NET ASSETS: |
|
|
|
Beginning of year |
293 |
13,617 |
13,910 |
|
|
|
|
NET ASSETS: |
|
|
|
End of year |
$ 18,020 |
$ 0 |
$ 13,910 |
EAST ATLANTA KIDS CLUB
Statement of Functional Expenses
For the Year Ended December 31, 2005
| |
Program |
Fundraising |
Management and General |
Total |
Salaries |
$ 40,838 |
$ 3,739 |
$ 8,963 |
$ 53,540 |
Professional, Accounting & Contract Fees |
620 |
3,500 |
2,395 |
6,515 |
Artist Fees |
430 |
|
|
430 |
Art Supplies |
860 |
|
|
860 |
Technology Related |
4,163 |
|
|
4,163 |
Education/Enrichment Services |
2,827 |
|
|
2,827 |
Printing and Publications |
2,108 |
|
|
2,108 |
Recreation |
14,712 |
|
|
14,712 |
Transportation |
1,259 |
|
|
1,259 |
Food/Snacks |
1,870 |
|
|
1,870 |
Field Trips |
1,132 |
|
|
1,132 |
Corporate Fees |
|
|
30 |
30 |
Occupancy (rent and utilities) |
13,761 |
|
|
13,761 |
Other Expenses |
399 |
1,412 |
1,638 |
3,449 |
Depreciation |
|
|
2,412 |
2,412 |
Total |
$ 84,979 |
$ 8,651 |
$ 15,438 |
$ 109,068 |
EAST ATLANTA KIDS CLUB
Statement of Cash Flows
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
Change in net assets: |
$ 4,110 |
Increase (decrease) in items not affecting cash: |
|
Depreciation |
2,413 |
Changes in: |
|
Receivables |
(793) |
Payables |
(1,558) |
Net cash used for operating activities |
4,172 |
|
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
Cash used to acquire property and equipment |
0 |
Net cash used for investing activities |
0 |
|
|
Net increase (decrease) in cash |
4,172 |
|
|
Cash at beginning of year: |
143 |
|
|
Cash at end of year: |
$ 4,315 |
|
