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Home My WebLink About03/31/2009 MAR 3 2010 Southold Town Clerk NORTH FORK ANIMAL WELFARE LEAGUE FINANCIAL STATEMENTS MARCH 31, 2009 IRWIN & ODELL, CPAs LLC 6 Sterlington Commons Greenport, NY 11944 (631) 477-3011 (631) 477-9533 (Fax) May 17, 2009 North Fork Animal Welfare League Inc. PO Box 297 Southold,NY. 11971 We have compiled the accompanying Statement of Financial position of North Fork Animal Welfare League Inc, for the years ended March 31, 2009 and 2008 and the related statements of income the years 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 required by generally accepted accounting principles. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Company's financial position, results of operations, and its cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters. Joseph Irwi , CPA Irwin& Odell, CPAs LLC NORTH FORK ANIMAL WELFARE LEAGUE EXHIBIT A BALANCE SHEET PAGE 1 MARCH 31, 2009 Assets Cash-SCNB General Checking $ 51,268 Wells Fargo Securities - Regular 445, 634 Wells Fargo Securities - Restricted 291, 076 Capital One CD 5, 983 Petty Cash 230 Security Deposits 5, 000 Prepaid Insurance 2,717 --------------- TOTAL ASSETS $ 801, 908 --------------- LIABILITIES Accounts Payable 10,005 Deferred Income 15, 817 SWT Payable 764 Payroll Taxes Payable 957 Disability Withheld ( 1) --------------- TOTAL LIABILITIES 27,542 Fund Balance League 483,290 Fund Balance Restricted 291, 076 --------------- TOTAL FUND BALANCE 774, 366 TOTAL LIABILITIES & EQUITY 801, 908 --------------- a I f NORTH FORK ANIMAL WELFARE LEAGUE EXHIBIT B COMPARATIVE INCOME STATEMENT PAGE 1 FOR THE PERIODS JAN. 1, 2009 JAN. 1, 2008 TO TO MAR. 31, 2009 MAR. 31, 2008 REVENUES Donations $ 15,259 $ 12, 867 Interest Income 2, 515 3, 425 Accrued Interest Paid 0 ( 59) Dividend Income 2, 389 2, 831 Net Capital Gains (Losses) ( 3,202) 142 Fundraising Events 8,370 0 Dogs S-N 325 110 Cats 0 345 Cats S-N 0 263 Memorials 1, 415 1, 170 Guardian Angels 150 0 Rabies Clinic 170 168 Town Contract 45, 625 43, 870 k --------------- --------------- TOTAL REVENUES 73, 016 65, 132 --------------- --------------- EXPENSES Salaries 44, 009 39, 812 Payroll Taxes 5, 286 3, 949 Employee Benefits 4, 157 2, 191 Kennel Supplies 5, 947 6, 335 Dog Veternarian 3,382 3,584 Repairs & Maintenance 0 1, 121 Auto Expense 478 878 Telephone 1, 468 885 Utilities 266 295 Office Expenses 718 535 Insurance 3, 000 3, 500 Advertising 362 165 -Liscenses & Fees 0 588 Professional Fees 0 1, 707 Bookkeeping Fees 1, 800 1, 800 Bank/Investment Fees 38 32 Miscellaneous Expenses 183 696 Garbage Removal 847 '737 Postage/Mailings 306 122 Education & Training 400 0 Cat Veternarian 2,524 1, 849 Cat Food 2, 013 1, 483 Fundraising Expenses 2, 868 0 --------------- TOTAL EXPENSES $ , 80, 052 $ 72;264 --------------- --------------- NET PROFIT (LOSS) ( 7, 036) ( 7, 132) --------------- --------------- NORTH FORK ANIMAL WELFARE LEAGUE COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1 UNRESTRICTED FOR THE PERIODS JAN. 1, 2009 JAN., 1, 2008 TO TO MAR. 31, 2009 MAR. 31, 2008, t REVENUES Donations $ 15,259 $ 12, 867 Interest Income 2,204 2, 698 Accrued Interest Paid 0 ( 59) Dividend Income 2, 389 2, 831 Net Capital Gains (Losses) ( 3,702) 142 Fundraising Events 8,370 0 Dogs S-N 325 110 Cats • 0 345 Cats S-N 0 263 Memorials 1, 415 1, 170 Guardian' Angels 150 0 Rabies Clinic 170 168 Town Contract 45, 625 43, 870 --------------- --------------- TOTAL REVENUES 72,205 64, 405 - --------------- --------------- EXPENSES Salaries 44, 009 39, 812 4' Payroll Taxes 5,286 3, 949 Employee Benefits 4, 157 2, 191 Kennel Supplies 5, 947 6, 335 Dog Veternarian 3, 382 3,584 Repairs & Maintenance 0 1, 121 Auto Expense 478 878 Telephone 1, 468 885 Utilities 266 295 Office Expenses 718 534 Insurance 3, 000 3, 500 Advertising 362 165 Liscenses & Fees 0 588 Professional Fees 0 1,707 Bookkeeping Fees 1, 800 1, 800 Bank/Investment Fees 38 32 Miscellaneous Expenses 183 696 Garbage Removal 847 737 Postage/Mailings 306 122 Education & Training 400 0 Cat Veternarian 2,524 1, 849 Cat Food 2, 013 1, 483 Fundraising Expenses 2, 868 0 --------------- --------------- TOTAL EXPENSES $ 80,052 $ 72,263 NET PROFIT (LOSS) ( 7, 847) ( 7, 858) --------------- --------------- NORTH FORK ANIMAL WELFARE LEAGUE COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1 RESTRICTED FOR THE PERIODS JAN. 1, 2009 JAN. 1, 2008 TO TO MAR. 31, 2009 MAR. 31, 2008 REVENUES Interest Income $ 311 $ 727 Net Capital Gains (Losses) 500 0 --------------- --------------- TOTAL REVENUES 811 727 --------------- --------------- EXPENSES TOTAL EXPENSES 0 0 --------------- --------------- NET PROFIT (LOSS) 811 727 --------------- --------------- t