HomeMy WebLinkAbout2001 & 2002 2nd Qtr r'
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NORTH FORK ANIMAL WELFARE LEAGUE
FINANCIAL STATEMENT
FOR THE 2ND QUARTER ENDED 6/30/02 & 6/30/01
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Joseph W. Irivin, CPA
6 Sterlington Commons
Greenport,NY 11944
(631)-477-3011
(631)-477-9533(fax)
July 18, 2002
North Fork Animal Welfare League, Inc.
P.O. Box 297
Southold,NY 11971
ACCOUNTANT'S REPORT
We have compiled the accompanying statement of financial position of North Fork
Animal Welfare League, Inc. (a Non-Profit Corporation) as of June 30, 2002 and 2001
and the related statements of activities for the 2nd Quarter then ended, in accordance with
Statements on Standards for Accounting and Review Services issued by the American
Institute of Certified Public Accountants.
A compilation is limited to presenting in the form of financial statements information that
is the representation of management. We have not audited or reviewed the accompanying
financial statements and, accordingly, do not express an opinion or any other form of
assurance on them.
Management has elected to omit substantially all of the disclosures and statement of cash
flows required by generally accepted accounting principles. If the omitted disclosures
and statements were included in the financial statements, they might influence the user's
conclusions, about the company's financial position,results of operations, and cash
flows. Accordingly,these financial statements are not designed for those who are not
informed about such matters.
.44/ vv .
Joseph W. Irwin, CPA
N F ANIMAL WELFARE LEAGUE INC EXHIBIT A
• COMPARATIVE BALANCE SHEET PAGE 1
JUNE 30, 2002 JUNE 30, 2001
ASSETS
Cash-SCNB General Checking $ 21,296 $ 55,593
Cash-NFB Thrift Checking 16, 773 7,170
Cash-Prud. General Trust 508,519 400,586
Cash-Prud. Thrift Trust 0 75, 046
MM-NFB&T 5,401 5,311
Petty Cash/General 230 130
Petty Cash/Thrift 0 100
Security Deposits 600 600
Prepaid Insurance 4,444 4, 601
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TOTAL ASSETS 557, 263 549,137
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LIABILITIES
Accounts Payable 16,519 10,385
Deferred Income 11, 670 11,330
Other Taxes Payable 814 930
State W/H Tax Payable 826 775
Sales Tax Payable 0 134
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TOTAL LIABILITIES 29, 829 23,554
FUND BALANCES
Fund Balance League 425,552 429, 094
Fund Balance Restr. Town ( 124, 966) ( 122, 819)
Fund Balance Restr/Bldg. 100, 000 100, 000
Fund Balance-Thrift Shop 126, 848 119,306
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TOTAL FUND BALANCES 527,434 525,581
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TOTAL LIABILITIES & EQUITY 557,263 549, 135
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N F ANIMAL WELFARE LEAGUE INC EXHIBIT B
COMPARATIVE INCOME STATEMENT PAGE 1
FOR THE PERIODS
JAN. 1, 2002 JAN. 1, 2001
TO TO
JUNE 30, 2002 JUNE 30, 2001
REVENUES
Dues $ 9, 652 $ 3, 885
Shelter Donations 23, 069 44, 660
Interest Income-Treasury 606 3, 894
Interest Income 6, 910 7, 622
Dividend Income 6,478 2,399
Net Capital Gain (Loss) 244 4,381
Fund Raising Events 9, 900 18, 000
Dogs 0 257
Dogs S-N 640 25
Cats 170 1,318
Cats S-N ( 25) 105
Memorials 870 750
Guardian Angels 705 73
Rabies Clinic 338 197
Town Contract Income 70, 019 67, 980
Thrift Shop Sales 0 18,335
Misc. Income 0 230
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Total Revenues 129,576 174,111
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EXPENSES
Rent-Thrift 0 3,600
Salaries 65,496 75,334
Payroll Taxes 6,358 3,045
Employee Benefits 6,363 5,496
Kennel Supplies 5,588 9,317
Veternarian Fees 7, 631 6,306
Repairs & Maintenance 249 1,566
Auto Expense 784 668
Travel Expenses 262 0
Telephone 1, 983 1, 881
Utilities 2, 821 5,792
Office Expense 1,117 898
Insurance 3,553 3,600
Advertising 3, 098 3,780
Professional Fees 6, 075 4,427
Bookkeeping 4, 000 3, 000
Bank Charges 90 30
Miscellaneous 555 266
Garbage 1,148 1,251
Postage 432 841
Education Expenses 527 90
r N F ANIMAL WELFARE LEAGUE INC EXHIBIT B
COMPARATIVE INCOME STATEMENT PAGE 2
FOR THE PERIODS
JAN. 1, 2002 JAN. 1, 2001
TO TO
JUNE 30, 2002 JUNE 30, 2001
Cat Medical & Veternarian $ 5, 168 $ 3, 945
Cat Food 2, 220 1,265
Fund Raising Expenses 2, 093 1, 668
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TOTAL EXPENSES 127, 611 138, 066
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Net Profit (Loss) 1, 965 36, 045
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SUPPLEMENTARY INFORMATION
I N F ANIMAL WELFARE LEAGUE INC
COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1
League
FOR THE PERIODS
JAN. 1, 2002 JAN. 1, 2001
TO TO
JUNE 30, 2002 JUNE 30, 2001
REVENUES
Dues $ 9, 651.50 $ 3, 885.00
Shelter Donations 23, 068 .53 44, 660.25
Interest Income-Treasury 606 .25 3, 893 .81
Interest Income 6, 909.62 7, 622.19
Dividend Income 6,478 .18 2,399.46
Net Capital Gain (Loss) 243 .72 4,381.00
Fund Raising Events 9, 900 .00 18, 000 .00
Dogs .00 257.00
Dogs S-N 640 .00 25.00
Cats 170 .00 1,317.80
Cats S-N ( 25 .00) 105.00
Memorials 870 .00 750. 00
Guardian Angels 705 .00 73 .00
Rabies Clinic 338 .00 197.00
Misc. Income .00 230.00
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Total Revenues 59,555 .80 87, 796.51
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EXPENSES
Salaries 21, 832 .01 25,111.28
Payroll Taxes 2, 119.06 1, 015.06
Employee Benefits 2, 121.15 1, 832 .09
Kennel Supplies 2,465 .01 4,522 .21
Veternarian Fees 5, 060 .77 5,333.02
Repairs & Maintenance 66 .45 285.55
Auto Expense 318 .05 216.23
Travel Expenses 261.97 .00
Telephone 660 .93 562.49
Utilities 936 .75 1,251.69
Office Expense 670 .55 192.53
Insurance 1,184 .40 1,200.00
Advertising 3, 097.60 3,779.58
Professional Fees 6, 075.00 4,426.51
Bookkeeping 1,500.00 1, 000.00
Bank Charges 29.90 .00
Miscellaneous 440 .43 ( 57.77)
Garbage 401.71 391.83
Postage 249 .99 757.72
Education Expenses 527 .22 90.22
Cat Medical & Veternarian 5,168 .41 3,944.95
Cat Food 2,220 .41 1,265.00
N F ANIMAL WELFARE LEAGUE INC
COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 2
League
FOR THE PERIODS
JAN. 1, 2002 JAN. 1, 2001
TO TO
JUNE 30, 2002 JUNE 30, 2001
Fund Raising Expenses $ 2, 092 .54 $ 1, 668 .36
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TOTAL EXPENSES 59,500 .31 58, 788 .55
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Net Profit (Loss) 55 .49 29, 007.96
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N F ANIMAL WELFARE LEAGUE INC
COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1
Town
FOR THE PERIODS
JAN. 1, 2002 JAN. 1, 2001
TO TO
JUNE 30, 2002 JUNE 30, 2001
REVENUES
Town Contract Income $ 70, 019.49 $ 67, 980 .00
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Total Revenues 70, 019 .49 67, 980 .00
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EXPENSES
Salaries 43, 664 .02 50,222 .90
Payroll Taxes 4,238 .74 2, 030.08
Employee Benefits 4,241.53 3, 664.34
Kennel Supplies 3, 122 .76 4, 795.24
Veternarian Fees 2,569 .79 972 .87
Repairs & Maintenance 182 .90 571.11
Auto Expense 466 .21 452 .12
Telephone 1,321.92 1, 124.67
Utilities 1, 884 .20 2, 503 .78
Office Expense 446.33 697.58
Insurance 2,368 .80 2,400 .00
Bookkeeping 2, 500 .00 2, 000.00
Bank Charges .59.78 .00
Miscellaneous 114 .67 225.26
Garbage 745 .84 783 .44
Postage 182 .01 83 .34
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TOTAL EXPENSES 68, 109.50 72,526.73
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Net Profit (Loss) 1, 909.99 ( 4,546.73)
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N F ANIMAL WELFARE LEAGUE INC
COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1
Thrift Shop
FOR THE PERIODS
JAN. 1, 2002 JAN. 1, 2001
TO TO
JUNE 30, 2002 JUNE 30, 2001
REVENUES
Thrift Shop Sales $ .00 $ 18,334 .70
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Total Revenues .00 18,334.70
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EXPENSES
Rent-Thrift .00 3, 600.00
Repairs & Maintenance .00 709.60
Telephone .00 193 .93
Utilities .00 2, 036.44
Office Expense .00 7.75
Bank Charges .00 30 .00
Miscellaneous .00 98.80
Garbage .00 75.95
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TOTAL EXPENSES .00 6,752.47
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Net Profit (Loss) .00 11,582.23
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