HomeMy WebLinkAbout03/31/2008 & 2007S ~ - 03'
REC~IV~D
APA 2 4. 2008
SrouilacFd' Tt~~:sn C€~rlt~
NORTH FORK ANIMAL WELFARE LEAGUE INC.
FINANCIAL STATEMENTS
MARCH 31, 2008 & 2007
IRWIN & ODELL, CPAs LLC
6 Sterlington Commons
Greenport, NY 11944
(631) 477-3011
(631) 477-9533 (Fax)
March 21, 2008
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 Welfaze League Inc, for the 3 months ended March 31, 2008 and 2007 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
aze not designed for those who are not informed about such matters.
Joseph Irwin, C~A
\~ ,/(~/
Irwin & Odell. CPAs LL
NORTH PORK ANIMAL WELFARE LEAGUE
COMPARATIVE BALANCE SHEET
Assets
Cash-SCNB General Checking
UBS Pinancial Services-Regular
VBS Financial Services-Restricted
NFB&T-Savings
Petty Cash
Prepaid Insurance
TOTAL ASSETS
LIABILITIES
Accouat6 Payable
Deferred Income
SWT Payable
Payroll Taxes Payable
Disability Withheld
TOTAL LIABILITIES
Fund Halaace League
Fund Halaace Restricted
TOTAL PUND BALANCB
MAR. 31, 2008
$ 48,495
420,895
284,380
5,637
230
3,389
763,026
---------------
10,678
15,208
639
680
( 1)
---------------
27,204
451,440
284,380
---------------
735,820
BXHIBIT A
PAGE 1
MAR. 31, 2007
$ 56,836
401,391
273,866
5,497
230
4,305
744,125
---------------
13,206
0
569
1,633
0
15,408
454,851
273,866
---------------
728,717
TOTAL LIABILITIES & EQUITY 763,024 744,125
--------------- ---------------
NORTH FORK ANIMAL WELFARE LEAGIIE EXHIBIT B
COMPARATIVE INCOMH STATEMENT PAGE 1
FOR THE PERIODS
JAN, 1, 2008 JAN. 1, 2007
TO TO
MAR. 31, 2008 MAR. 31, 2007
REVSNVES 12,867
$ $ 32,185
Donations 3,425 5,374
Interest Income 59)
( ( 62)
Accrued Iatareat Paid 2,831 1,832
Dividend Income 142 5,149
Net Capital Gaias(LOaeea) 0 6,340
Fundraising Events 110 140
Doge 3-N 345 0
Cats 263 265
Cats S-N 1,170 3,965
Memorials 168 109
Rabies Clinic
43,870 43,870
Town Contract 0 247
Miscellaneous Income
---------------
65,132 99,434
TOTAL REVENUES
EXPENSES 39,812 42,833
Salaries 3,949 4,088
Payroll Taxes
2,191 5,646
Employee Benefits 6,335 6,091
Renael Supplies 3,584 7,713
Dog Veteraariaa
1,121 14
Repairs & Maiateaance 878 474
Auto Expense
885 738
Telephone 295 172
utilities
535 1,196
Office 8xpenaea 3,500 3,000
insurance
165 0
Advertising 586 4
Liaceaaes & Fees
1,707 2,390
Professional Peea 1,800 1,800
Bookkeeping Fees 32 39
Bank/Investment Feea
696 224
Miscellaneous Expenses 737 702
Garbage Removal
122 1,338
Postage/Mailings 0 40
Education & Training
1,849 4,827
Cat Veternariaa 1,483 2,356
Cat Food 0 2,552
Fundraising Expenses
---------------
$ 72,264 $ 88,237
TOTAL BXPSNSES
_______________ _______________
( 7,132) -----_---11,197
NET PROFIT (LOSS) ___
_______________
NORTH FORK ANIMAL WELFARE LEAGVE PAGE 1
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
UNRESTRICTED
FOR THE PHRIODS
JAN. 1, 2008 JAN. 1, 2D07
TO TO
MAR. 31, 2008 MAR. 31, 2007
REVENUES $ 12,867 $ 32,185
Donations 2 698 2.197
Interest Income ( 59) ( 62)
Accrued Interest Paid y,831 1,832
Dividend income 142 5,037
Net Capital Gaina(LOSSes) 0 6,340
Fundraising Events 110 140
Doge 3-N 345 0
Cate 263 265
Cate S-N 1,170 3,985
Memorials 168 109
Rabies Clinic 43,870 43,870
Town Contract 0 247
Miscellaneous Income
_______________ _______________
64,405 96,145
TOTAL gEVENUE3 ---------------
EXPEN3B3 39,812 42,833
Salaries 3 949 4,088
Payroll Taxes 2,191 5,646
Eanployee Benefits 6,335 6,091
Kennel Supplies 3,584 7,713
Dog Veteraarian 1,121 14
Repairs & Maiat seance 878 474
Auto Expense 385 738
Telephone 295 172
IItilitiea 534 1,199
Office Expeasee 3,500 3,000
Insurance 165 0
Advertising 588 4
Liacensea & Feea 1,707 2,390
Profeaeioaal Fees 1,800 1,800
Bookkeeping Feea 32 39
Bank/iaveatmeat Pees 696 224
Miscellaneous Expeaeea 737 702
Garbage Removal 122 1,336
Postage/Mailings 0 40
Education ~ Training 1,849 4'827
Cat Veternarian 1,483 2,356
Cat Food 0 2,552
Fundraising Expanses _______________
$ 72,263 $ 88,240
TOTAL EXPENSES
_______________ ---------------
( 7,858) 7,905
NET PROFIT (LOSS) _______________
NORTH FORX ANIMAL WELFARE LEAGIIH
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
RESTRICTED
FOR TH8 PERIODS
JAN. 1, 2008
TO
MAR. 31, 2008
REVENUES
Interest Income $ 727
Net Capital Gaias(Losaea) 0
---------------
TOTAL REVENUES 727
EXPENSES
TOTAL EXPSN3S5 O
NST PROFIT (LOSS) 727
PAGE 1
JAN. 1, 2007
TO
MAR. 31, 2007
S 3,177
112
3,239
0
3,269