|
|
 |
| SPECIAL OLYMPICS NORTHERN CALIFORNIA,
INC. |
| STATEMENTS OF ACTIVITIES (Income Statement) |
| For the Years Ended December 31,
2007 and 2006 |
|
2007 |
2006 |
| REVENUES |
|
|
| Contributions |
$ 5,938,404 |
$ 5,710,668 |
| Special events - net revenues |
2,122,257 |
2,379,935 |
| Bequests, estates & trusts |
369,625 |
142,795 |
| Investment & other program revenues |
143,211 |
267,164 |
| TOTAL REVENUE |
8,573,497 |
8,500,562 |
| EXPENSES |
|
|
| Program expenses |
6,509,082 |
6,620,673 |
| General and administrative |
517,628 |
399,521 |
| Fundraising |
1,540,765 |
1,406,659 |
| TOTAL EXPENSE |
8,567,475 |
8,426,853 |
| TOTAL SURPLUS OR (DEFICIT) |
$6,022 |
$ 73,709 |
| Net assets at beginning of year |
2,890,521 |
2,816,812 |
| TOTAL NET ASSETS at end of year |
$ 2,896,543 |
$ 2,890,521 |
| |
|
|
| STATEMENTS OF FINANCIAL POSITION
(Balance Sheet) |
| As of December 31, 2007 and 2006 |
|
2007 |
2006 |
| ASSETS |
|
|
| Cash and cash equivalents |
$ 1,353,132 |
$ 1,791,846 |
| Contributions receivable |
1,608,774 |
1,245,109 |
| Deposits, Prepaid Expenses & Other assets |
243,155 |
259,030 |
| Equipment and leasehold improvements, net |
59,719 |
69,052 |
| TOTAL ASSETS |
$ 3,264,780 |
$ 3,365,037 |
| |
|
|
| LIABILITIES AND NET ASSETS |
|
|
| Accounts payable and accrued expenses |
$ 368,240 |
$ 312,921 |
| Assessment fees due SOI |
|
161,596 |
| Net Assets - Unrestricted |
1,142,155 |
1,544,246 |
| Net Assets - Temporarily restricted |
1,754,385 |
1,346,274 |
| TOTAL LIABILITIES AND NET ASSETS |
$ 3,264,780 |
$ 3,365,037 |
|
