INCOME & EXPENSE FOR 2007
INCOME: Unrestricted Net Assets
Support, Revenue and Reclassifications |
Audited
Actual 2006 |
Audited
Actual 2007 |
Budget
for 2008 |
| Donated facilities, materials and services |
$299,391 |
$404,172 |
$500,000 |
| Contributions |
348,522 |
360,440 |
486,550 |
| United Way of Dane County |
63,844 |
73,672 |
75,000 |
| Other grants |
24,200 |
53,634 |
94,000 |
| Other |
16,377 |
12,466 |
12,000 |
| Salvation Army |
20,020 |
9,900 |
10,800 |
Total UNRESTRICTED SUPPORT AND REVENUES
|
$772,354
|
$914,284 |
$1,178,350 |
| | | | |
| Net Assets released from restrcitions |
$32,595 |
$31,613 |
$32,000 |
| Total Unrestricted SUPPORT, REVENUES AND RECLASSIFICATIONS |
$804,949 |
$945,897 |
$1,210,350 |
| |
|
|
|
| EXPENSES | | | |
| Program services |
$655,158 |
$776,123 |
$970,400 |
| Management and General |
62,969 |
70,276 |
75,800 |
| Fundraising |
55417 |
100106 |
106600 |
Total EXPENSES
|
$773,544
|
$946,505
|
$1,152,800 |
| | | | |
| Change in TEMPORARILY RESTRICTED NET ASSETS |
($32,595) |
($13,013) |
|
| Change in PERMANENTLY RESTRCITED NET ASSETS |
1,782 |
|
|
| NET INCOME or (LOSS) |
$592 |
($13,621) |
$57,550 |
MOM's Statement of Financial Position
|
MIDDLETON OUTREACH MINISTRY, INC. - STATEMENTS OF FINANCIAL POSITION,
DECEMBER 31, 20061 and 20071 |
| ASSETS |
2006 |
2007 |
| Current Assets |
$248,571 |
$235,387 |
| Equipment (Net, or less accumulated depreciation) |
241,939 |
257,993 |
| Other Assets (Investments) |
82,797 |
60,994 |
Total ASSETS
|
$573,307
|
$554,374 |
| | | |
| CURRENT LIABILITIES |
$25,856 |
$26,138 |
| | | |
| LONG-TERM LIABILITIES |
$195,874 |
$190,280 |
| |
|
|
| Total LIABILITIES |
$221,730 |
$216,418 |
| |
|
|
| NET ASSETS | | |
| Unrestricted |
$234,840 |
$234,232 |
| Board Designated |
50,000 |
50,000 |
| Total Unrestricted |
$284,840 |
$284,232 |
| Temporarily Restricted |
64,955 |
51,942 |
| Permanentlt Restricted |
1,782 |
1,782 |
| Total NET ASSETS |
$351,577 |
$337,956 |
| Total LIABILITIES AND NET ASSETS |
$573,307 |
$554,374 |
| | | |
| Footnotes | | |
| 1A fully audited statement from Wegner & Associates is available upon request. |
|
|
