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Home My WebLink About06/30/2007 •{ /~ ~~ /5'07 NORTH FORK ANIMAL WELFARE LEAGUE INC. FINANCIAL STATEMENTS JUNE 30, 2007 IRWIN & ODELL, CPAs LLC 6 Sterl ington Commons Greenport, NY 11944 (631) 477-3011 (631) 477-9533 (Fax) July 27, 2007 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, as of June 30, 2007 and 2006 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. Josep Ir n, CPA J~r~w ~~ Irwin & Odell, CPAs LLC ., NORTH FORK ANIMAL WELFARE LEAGUE COMPARATIVE BALANCE SHEET Aaeete Cash-SCNB General Checking UBS Financial Services-Regular SIBS Financial Services-Restricted NFB&T-Savings Petty Cash Security Deposits Prepaid Insurance TOTAL ASSETS LIABILITIES Accounts Payable Deferred Income SWT Payable Payroll Taxes Payable Disability Withheld TOTAL LIABILITIES Fund Balance League Fund Balance Restricted TOTAL FUND BALANCE JUNE 30, 2007 $ 27,239 404,282 276,924 5,510 230 0 9,351 723,536 3,022 14,623 610 891 0 19,146 427,466 276,924 --------------- 704,390 EXHIBIT A PAGE 1 JUNE 30, 2006 $ 36,608 403,226 263,405 5,474 230 600 4,136 713,679 15,610 14,061 481 464 ( 1) --------------- 30,615 419,657 263,405 -----------'--- 683,062 TOTAL LIABILITIES & EQUITY 723,536 713,677 _______________ _______________ NORTH PORK ANIMAL WELFARE LEAGUE COMPARATIVE INCOME STATEMHNT FOR THE PERIODS BXHIHIT B PAGE 1 JAN. 1, 2007 JAN. 1, 2006 TO TO JUNE 30, 2007 JUNE 30, 2006 REVENUES Donations $ 48,045 $ 29,992 Bequests 0 264,196 Trust Fund Income 6,749 4,955 Interest Income 10,466 3,951 Accrued Iatereat Paid ( 323) ( 791) Dividend Income 4,025 4,632 Net Capital Gains(Lossea) 4,088 ( 2,945) Fuadraiaing Events 6,340 0 Dogs S-N 280 360 Cats 50 60 Cats S-N 405 1,249 Memorials 5,865 3,245 Guardian Angela 133 668 Rabies Clinic 608 190 Tows Contract 87,740 84,365 Katrina Relief 0 63 Miscellaneous Income 778 --------------- 0 --------------- TOTAL REVENUES 175,249 --------------- 394,190 --------------- EXPENSES Salaries 85,053 75,018 Payroll Taxes 8,210 6,826 Employee Benefits 7,410 8,005 Kennel Supplies 12,295 13,712 Dog Veternarian 11,358 5,690 Repairs & Maintenance 14 193 Auto Expense 1,232 1,465 Travel Expense 135 914 Telephone 1,562 1,579 IItilitiea 431 1,163 Office Expenses 1,398 3,050 Insurance 6,000 4,200 Advertising 0 703 Liacenses & Fees 129 285 Professional Feea 4,258 7,030 Accounting Fees 2,000 2,000 Bookkeeping Feea 3,600 3,600 Hank/Investment Feea 113 60 Miscellaneous Expenses 1,156 359 Garbage Removal 1,305 1,318 Postage/Mailings 1,336 545 • NORTH FORK ANIMAL WELFARE LHAGIIH COMPARATIVE INCOME STATHMENT FOR THE PERIODS JAN. 1, 2007 TO JUNE 30, 2007 8ducation & Training $ 2,291 Katrina Expenses 0 Cat Veternarian 7,507 Cat Food 5,633 Fundraising Expenses 4,339 Truck Purchase 19,610 --------------- TOTAL EXPENSHS 168,379 --------------- NET PROFIT (LOSS) ( 13,130) --------------- HXHIHIT H PAGH 2 JAN. 1, 2006 TO JIINS 30, 2006 $ 4,162 1,659 5,863 5,179 1,074 0 155,652 238,538 --------------- NORTH FORK ANIMAL WELFARE LEAGIIE ' COMPARATIVE DSPARTMENTAL INCOME STATEMENT PAGE 1 UNRESTRICTED FOR THE PERIODS JAN. 1, 2007 JAN. 1, 2006 TO TO JUNE 30, 2007 JVNB 30, 2006 REVENUES $ 48,045 29,992 $ Doaationa 6 749 4,955 Trust Fund Income , 951 3 Iatereat Income 4,081 , Accrued Interest Paid ( 173) 0 Dividend Income 4,025 4,632 Net Capital Gains (Losses) 3,976 ( 2,945) Fuadraiaing Events 6,340 0 Dogs S-N 280 360 50 60 Cats 405 1,249 Cats S-N 5,865 3,245 Memorials Guardian Angels 133 668 Rabies Clinic 608 190 Town Contract 87,740 84,365 Rat Tina Relief 0 63 Miacellaneoua Income 778 0 TOTAL REVENUES 168,902 --------------- 130,785 --------------- EXPENSES 053 85 75,018 Salaries , Payroll Taxes 8,210 6,826 Employee Benefits 7,410 8,005 Kennel supplies 12,295 13,712 Dog veternarian 11,358 5,690 Repairs k Maintenance 14 193 Auto Expense 1,232 1,465 Travel Exp ease 135 914 Telephone 1,562 1,579 Utilities 431 1,163 Office Expenaea 1,400 3,050 Insurance 6,000 4,200 Advertising 0 703 Liacenaea & Feea 129 285 Professional Feea 4,258 7,030 Accounting Feea 2,000 2,000 Bookkeeping Feea 3,600 3,600 Miacellaneoua Expenaea 1,158 359 Garbage Removal 1,305 1,318 Postage/Mailings 1,338 545 Education & Training 2,291 4,162 • •. NORTH FORK ANIMAL WELFARE LEAGUE COMPARATIVE DEPARTMENTAL INCOME STATEMBNT UNRESTRICTED FOR THE PERIODS JAN. 1, 2007 TO JUNE 30, 2007 Katrina Expenses $ 0 Cat Veternarian 7,507 Cat Food 5,633 Fundraising Expenses 4,339 Truck Purchase 19,610 TOTAL EXPENSES 188,268 NET PROFIT (LOSS) ( 19,366) --------------- PAGE 2 JAN. 1, 2006 TO JUNG 30, 2006 $ 1,659 5,863 5,179 1,074 0 155,592 ( 24,807) ,. NORTH FORK ANIMAL WELFARE LEAGUE ` COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1 RESTRICTED FOR THE PERIODS JAN. 1, 2007 JAN. 1, 2006 TO TO JUNE 30, 2007 JUNE 30, 2006 REVENUE3 Bequeata $ 0 $ 264,196 Intereat Iacome 6,385 0 Accrued Intereat Paid 0 ( 791) Net Capital Gaina(Losaea) ------ 112 --------- 0 --------------- TOTAL REVENVES ----- 6,497 ---------- 263,405 --------------- EXPENSES Bank/Investment Feea ----- 150 -------'-- 0 --------------- TOTAL EXP8NSE3 150 0 NET PROFIT (LOSS) ----- 6,347 ---------- 263,405 ---------------