Financial Report - 2003
|
STATEMENT
OF FINANCIAL POSITION |
DECEMBER 31, 2003 |
|
|
| ASSETS |
|
|
| CURRENT
ASSETS |
|
|
Cash
in bank |
|
|
6,981 |
|
|
|
|
|
|
Total
current assets |
|
6,981 |
|
|
|
|
| PROPERTY
AND EQUIPMENT |
|
|
|
|
Software |
|
|
693 |
|
Computer
hardware and peripheral equipment |
|
8,584 |
|
|
|
|
|
|
Total |
|
|
9,277 |
|
Less
accumulated depreciation |
|
(1,535) |
|
|
|
|
|
|
Total
property and equipment |
|
7,742 |
|
|
|
|
|
|
|
| OTHER
ASSETS |
|
|
|
|
|
|
Art work |
|
|
|
|
850 |
|
|
|
|
|
|
|
|
Total
other assets |
|
|
850 |
|
|
|
|
|
|
|
Total
Assets |
|
15,573 |
| LIABILITIES
AND NET ASSETS |
|
|
|
|
|
|
| CURRENT
LIABILITIES |
|
|
|
|
Accounts
payable |
|
|
568 |
|
|
|
|
|
|
Total
current liabilities |
|
|
568 |
|
|
|
|
|
Total
liabilities |
|
|
568 |
| NET
ASSETS |
|
|
|
|
Unrestricted |
|
|
6,015 |
|
Temporarily
restricted |
|
|
8,990 |
|
|
|
|
|
Total
net assets |
|
|
15,005 |
|
|
|
|
|
Total
liabilities and net assets |
|
15,573 |
|
|
|
|
|
|
|
|
|
|
|
|
| EAST
ATLANTA KIDS CLUB |
| STATEMENT
OF ACTIVITIES AND CHANGES IN NET ASSETS |
| DECEMBER
31, 2003 |
|
|
|
Temporarily |
|
|
Unrestricted |
Restricted |
Total |
|
|
| REVENUES |
|
|
|
Grants |
|
$ 30,200 |
$ 18,750 |
$ 48,950
|
|
Contributions |
|
|
|
7,565 |
|
7,565 |
|
Donated
services and equipment |
|
29,303 |
- |
29,303 |
|
|
|
|
Total
revenues |
|
67,068 |
18,750 |
85,818 |
|
|
|
| NET ASSETS RELEASED |
|
|
| FROM
PROGRAM RESTRICTIONS |
|
14,785 |
(14,785) |
- |
|
|
|
| EXPENSES |
|
|
|
Initiatives |
|
63,389 |
|
63,389 |
|
Fundraising |
|
4,075 |
|
4,075 |
|
Management
and general |
|
14,358 |
- |
14,358 |
|
|
|
|
Total
Expenses |
|
81,822 |
- |
81,822 |
|
|
|
| CHANGE
IN NET ASSETS |
|
31 |
3,965 |
3,996 |
|
|
|
| NET ASSETS |
|
|
|
Beginning
of year |
|
5,984 |
5,025 |
11,009 |
|
|
|
| NET
ASSETS |
|
|
|
End
of year |
|
6,015 |
8,990 |
15,005 |
| |
|
|
EAST
ATLANTA KIDS CLUB |
STATEMENT
OF FUNCTIONAL EXPENSES |
FOR
THE YEAR ENDED DECEMBER 31, 2003 |
|
|
|
Initiatives |
Fundraising |
Management
and General |
Total |
|
|
|
|
| Salaries |
|
$ 25,667
|
$ 2,350 |
$ 5,633 |
$ 33,650
|
| Professional, Accounting
and Contract Fees |
16,750 |
|
5,391 |
22,141 |
| Artist
Fees |
|
324 |
|
324 |
| Art
Supplies |
|
2,150 |
193 |
914 |
3,257 |
| Technology
Related |
|
1,206 |
32 |
|
1,238 |
| Education/Enrichment
Services |
|
1,093 |
|
1,093 |
| Printing
and Publications |
|
161 |
1,500 |
|
1,661 |
| Recreation |
|
2,704 |
|
2,704 |
| Equipment
Rental and Maintenance |
|
127 |
|
127 |
| Transportation |
|
304 |
|
225 |
529 |
| Food/Snacks |
|
1,806 |
|
1,806 |
| Field
Trips |
|
2,234 |
|
2,234 |
| Corporate
Fees |
|
|
15 |
15 |
| Occupancy
(Rent and Utilities) |
|
6,820 |
|
480 |
7,300 |
| Other
Expenses |
|
2,043 |
|
445 |
2,488 |
| Depreciation |
|
- |
- |
1,255 |
1,255 |
|
|
|
|
Total |
|
$ 63,389
|
$ 4,075 |
$ 14,358 |
$ 81,822
|
|
|
|
|
| |
| |
EAST
ATLANTA KIDS CLUB |
STATEMENT
OF CASH FLOWS |
FOR
THE YEAR ENDED DECEMBER 31, 2003 |
|
| CASH
FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
Change
in net assets |
|
$ 3,996
|
|
ADJUSTMENTS
TO RECONCILE CHANGE IN NET |
|
|
|
ASSETS TO NET CASH PROVIDED
BY (USED IN) |
|
|
|
OPERATING
ACTIVITIES: |
|
|
|
Depreciation |
|
1,255 |
|
(Gain)
loss on disposal of property |
|
1,351 |
|
Non-cash
contribution |
|
(26) |
|
Increase
(decrease) in accounts payable |
|
528 |
|
|
|
|
|
Total
adjustments |
|
3,108 |
|
|
|
|
Net
cash provided by (used in) operating |
|
|
|
activities |
|
7,104 |
|
|
|
|
| CASH
FLOWS FROM INVESTING ACTIVITIES |
|
|
|
Payments
for the purchase of property |
|
|
|
(2,767) |
|
Proceeds
from sale of property |
|
|
|
1,400 |
|
|
|
|
|
|
|
|
Net cash provided by (used
in) investing |
|
|
|
|
activities |
|
|
(1,367) |
|
|
|
| INCREASE
(DECREASE) IN CASH |
|
5,737 |
|
|
|
| CASH |
|
|
|
Beginning
of year |
|
1,244 |
|
|
|
| CASH |
|
|
|
End
of year |
|
6,981 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
