INCOME & EXPENSE FOR 2008
INCOME: Unrestricted Net Assets
Support, Revenue and Reclassifications |
Audited
Actual 2007 |
Audited Actual
2008 |
Budget
for 2009 |
| Donated facilities, materials and services |
$404,172 |
$430,629 |
$500,000 |
| Contributions |
360,440 |
530,365 |
567,000 |
| United Way of Dane County |
73,672 |
77,253 |
84,000 |
| Other grants |
63,534 |
63,550 |
166,000 |
| Other |
12,466 |
9,476 |
8,000 |
Total UNRESTRICTED SUPPORT AND REVENUES
|
$914,284 |
$1,111,273 |
$1,325,000 |
| |
|
| |
| Net Assets released from restrictions |
$31,613 |
$30,845 |
$45,800 |
| Total Unrestricted SUPPORT, REVENUES AND RECLASSIFICATIONS |
$945,897 |
$1,142,118 |
$1,370,800 |
| |
|
|
|
| EXPENSES |
|
| |
| Program services |
$776,123 |
$859,105 |
$1,044,520 |
| Management and General |
70,276 |
76,813 |
92,850 |
| Fundraising |
100,106 |
97,590 |
100,800 |
Total EXPENSES
|
$946,505
|
$1,033,508 |
$1,238,170 |
| |
|
| |
| Change in TEMPORARILY RESTRICTED NET ASSETS |
($13,013) |
($6,095) |
|
| Change in PERMANENTLY RESTRCITED NET ASSETS |
|
(1,782) |
|
| NET INCOME or (LOSS) |
($13,621) |
$100,733 |
$132,630 |
MOM's Statement of Financial Position
|
MIDDLETON OUTREACH MINISTRY, INC. - STATEMENTS OF FINANCIAL POSITION,
DECEMBER 31, 20071 and 20081 |
| ASSETS |
2007 |
2008 |
| Current Assets |
$235,387 |
$319,437 |
| Equipment (Net, or less accumulated depreciation) |
257,993 |
257,520 |
| Other Assets (Investments) |
60,994 |
60,875 |
Total ASSETS
|
$554,374 |
$367,832 |
| |
|
|
| CURRENT LIABILITIES |
$26,138 |
$14,803 |
| |
|
|
| LONG-TERM LIABILITIES |
$190,280 |
$184,340 |
| |
|
|
| Total LIABILITIES |
$216,418 |
$199,143 |
| |
|
|
| NET ASSETS |
|
|
| Unrestricted |
$234,232 |
$392,842 |
| Board Designated |
50,000 |
|
| Total Unrestricted |
$284,232 |
$392,842 |
| Temporarily Restricted |
51,942 |
45,847 |
| Permanently Restricted |
1,782 |
|
| Total NET ASSETS |
$337,956 |
$438,689 |
| Total LIABILITIES AND NET ASSETS |
$554,374 |
$637,832 |
| | |
|
| Footnotes | |
|
| 1A fully audited statement from Wegner & Associates is available upon request. |
|
|
