HomeMy WebLinkAbout09/30/2007 & 2008R~CEIV~D
NORTH FORK ANIMAL WELFARE LEAGUE
FINANCIAL STATEMENTS
SEPTEMBER 30, 2007 & 2008
October 22, 2008
IRWIN & ODELL, CPAs LLC
6 Sterlington Commons
Greenport, NY 11944
(631) 477-3011
(631) 477-9533 (Fax)
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 9 months ended September 30, 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
are not designed for those who are not informed about such matters.
Joseph W. Irwin,
Irwin & Odell, CPAs LLC
NORTH FORK ANIMAL WELFARE LEAGUE EXHIBIT A
COMPARATIVE BALANCE SHEET PAGE 1
Assets
Cash-SCNB General Checking
UBS Financial Services-Regular
UBS Financial Services-Restricted
CAP ONE-CD
Petty Cash
Prepaid Insurance
TOTAL ASSETS
SEP. 30, 2008 SEP. 30, 2007
$ 41,127 $ 26,703
425,481 409,168
290,349 280,379
5,934 5,565
230 230
6,678 11,751
769,799 733,796
LIABILITIES
Accounts Payable
FICA/FWT Payable
SWT Payable
Payroll Taxes Payable
Disability Withheld
TOTAL LIABILITIES
9,621 13,239
3,804 0
698 545
579 391
o (
14,702 t4,174
Fund Balance League
Fund Balance Restricted
TOTAL FUND BALANCE
464,748 439,241
290,349 280,379
755,097 719,620
TOTAL LIABILITIES & EQUITY 769,799 733,794
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE INCOME STATEMENT
FOR THE PERIODS
EXHIBIT B
PAGE 1
JAN. 1, 2008
TO
SEP. 30, 2008
JAN. 1, 2007
TO
SEP. 30, 2007
REVENUES
Donations
Bequests
Trust Fund Income
Interest Income
Interest Income-Treasury
Accrued Interest Paid
Dividend Income
Net Capital Gains(Losses)
Fundraising Events
Dogs S-N
Cats
Cats S-N
Memorials
Guardian Angels
Rabies Clinic
Town Contract
Miscellaneous Income
TOTAL REVENUES
EXPENSES
Salaries
Payroll Taxes
Employee Benefits
Kennel Supplies
Dog Veternarian
Repairs & Maintenance
Auto Expense
Travel Expense
Telephone
Utilities
Office Expenses
Insurance
Advertising
Liscenses & Fees
Professional Fees
Accounting Fees
Bookkeeping Fees
Bank/Investment Fees
Miscellaneous Expenses
Garbage Removal
Postage/Mailings
$ 60,795 $ 69,294
5,000 0
5,367 6,749
13,497 16,304
0 2,796
(59) (690)
7,891 4,025
(3,988) 4,367
28,380 26,494
615 610
345 50
433 520
6,334 6,585
169 200
526 703
135,119 131,609
1,722 2,916
262,146
130,224
12,292
13,757
16,187
13,138
1,121
3,178
0
2,852
664
2,047
9,000
767
713
15,112
2,000
5,400
233
1,539
1,910
1,721
272,532
128,676
11,938
11,005
17,922
15,497
1,191
1,718
135
2,380
753
1,648
9,000
389
129
7,358
2,000
5,400
282
1,643
1,942
1,338
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE INCOME STATEMENT
FOR THE PERIODS
EXHIBIT B
PAGE 2
JAN. 1, 2008
TO
SEP. 30, 2008
JAN. 1, 2007
TO
SEP. 30, 2007
Education & Training
Cat Veternarian
Cat Food
Fundraising Expenses
Truck Purchase
TOTAL EXPENSES
$ 28 $ 2,515
7,222 13,576
4,421 7,483
4,475 4,904
0 19,610
250,001
270,432
NET PROFIT (LOSS) 12,145 2,100
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
UNRESTRICTED
FOR THE PERIODS
PAGE 1
JAN. 1, 2008
TO
SEP. 30, 2008
JAN. 1, 2007
TO
SEP. 30, 2007
REVENUES
Donations
Bequests
Trust Fund Income
Interest Income
Interest Income-Treasury
Accrued Interest Paid
Dividend Income
Net Capital Gains(Losses)
Fundraising Events
Dogs S-N
Cats
Cats S-N
Memorials
Guardian Angels
Rabies Clinic
Town Contract
Miscellaneous Income
TOTAL REVENUES
EXPENSES
Salaries
Payroll Taxes
Employee Benefits
Kennel Supplies
Do9 Veternarian
Repairs & Maintenance
Auto Expense
Travel Expense
Telephone
Utilities
Office Expenses
Insurance
Advertising
Liscenses & Fees
Professional Fees
Accountin9 Fees
Bookkeepin9 Fees
Bank/Investment Fees
Miscellaneous Expenses
Garbage Removal
$ 60,795
5,000
5,367
7,407
0
59)
7,891
4,017)
28,380
615
345
433
6,334
169
526
135,119
1,722
256,027
130,224
12,292
13,757
16,187
13,138
1,121
3,178
0
2,852
664
2,047
9,000
767
713
15,112
2,000
5,400
83
1,539
1,910
$ 69,294
0
6,749
6,413
2,796
361)
4,025
3,976
26,494
610
50
520
6,585
200
703
131,609
2,916
262,579
128,676
11,938
11,005
17,922
15,497
1,191
1,718
135
2,380
753
1,650
9,000
389
129
7,358
2,000
5,400
132
1,643
1,942
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
UNRESTRICTED
FOR THE PERIODS
PAGE 2
JAN. 1, 2008
TO
SEP. 30, 2008
JAN. 1, 2007
TO
SEP. 30, 2007
Postage/Mailings
Education & Training
Cat Veternarian
Cat Food
Fundraising Expenses
Truck Purchase
TOTAL EXPENSES
$ 1,721 $ 1,338
28 2,515
7,222 13,576
4,421 7,483
4,475 4,904
0 19,610
249,851
270,284
NET PROFIT (LOSS) 6,176 ( 7,705)
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
RESTRICTED
FOR THE PERIODS
PAGE 1
JAN. 1, 2008
TO
SEP. 30, 2008
JAN. 1, 2007
TO
SEP. 30, 2007
REVENUES
Interest Income
Accrued Interest Paid
Net Capital Gains(Losses)
TOTAL REVENUES
EXPENSES
Bank/Investment Fees
TOTAL EXPENSES
$ 6,090 $ 9,891
0 ( 330)
29 391
6,119
150
150
9,952
150
150
NET PROFIT (LOSS) 5,969 9,802