HomeMy WebLinkAbout12/31/2008£~C. EIVT. D
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NORTH FORK ANIMAL WELFARE LEAGUE
FINANCIAL STATEMENTS
DECEMBER 31, 2008
IRWIN & ODELL, CPAs LLC
6 Sterlington Commons
Greenport, NY 11944
(631) 477-3011
(631) 477-9533 (Fax)
January 23, 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 Welfare League Inc, for the years ended December 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
are not designed for those who are not informed about such matters.
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
DEC. 31, 2008
DEC. 31, 2007
$ 61,948 $ 41,228
425,081 415,356
290,936 283,653
5,983 5,565
230 230
5,604 6,845
789,782 752,877
LIABILITIES
Accounts Payable
Deferred Income
FICA/FWT Payable
SWT Payable
Payroll Taxes Payable
Disability Withheld
TOTAL LIABILITIES
8,204
15,208
3,635
711
251
1)
28,008
9,207
0
12
424
280
2)
9,921
Fund Balance League
Fund Balance Restricted
TOTAL FUND BALANCE
470,836
290,936
761,772
459,299
283,653
742,952
TOTAL LIABILITIES & EQUITY 789,780 752,873
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE INCOME STATEMENT
FOR THE PERIODS
EXHIBIT B
PAGE 1
JAN. 1, 2008
TO
DEC. 31, 2008
JAN. 1, 2007
TO
DEC. 31, 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
Feral Cats S-N
Memorials
Guardian Angels
Rabies Clinic
Town Contract
Miscellaneous Income
$ 96,930
5,000
5,367
16,676
0
59)
10,592
9,544)
29,425
1,080
345
538
0
8,319
1,424
6O8
180,743
2,010
$ 111,244
0
15,347
21,474
2,796
690)
6,848
5,843
26,494
720
50
550
100
7,213
1,547
852
175,479
3,130
TOTAL REVENUES
349,454
378,997
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
172,813
15,845
15,403
21,642
19,954
1,154
4,035
0
3,663
917
3,946
14,095
1,336
713
16,783
2,000
7,200
321
1,600
2,371
173,130
15,663
12,830
24,363
22,511
1,191
2,581
135
3,124
1,025
2,103
14,382
469
129
8,298
2,000
7,200
290
3,767
2,578
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE INCOME STATEMENT
FOR THE PERIODS
EXHIBIT B
PAGE 2
JAN. 1, 2008
TO
DEC. 31, 2008
JAN. 1, 2007
TO
DEC. 31, 2007
Postage/Mailings
Education & Training
Cat Veternarian
Cat Food
Fundraising Expenses
Truck Purchase
TOTAL EXPENSES
$ 2,495 $ 2,225
259 2,515
11,690 18,702
5,724 7,840
4,675 4,904
0 19,610
330,634
353,565
NET PROFIT (LOSS} 18,820 25,432
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
UNRESTRICTED
FOR THE PERIODS
PAGE 1
JAN. 1, 2008
TO
DEC. 31, 2008
JAN. 1, 2007
TO
DEC. 31, 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
Feral Cats S-N
Memorials
Guardian Angels
Rabies Clinic
Town Contract
Miscellaneous Income
TOTAL REVENUES
$ 96,930 $ 111,244
5,000 0
5,367 15,347
10,625 8,310
0 2,796
(59) (361)
10,592 6,848
(10,287) 5,451
29,425 26,494
1,080 720
345 50
538 550
0 100
8,319 7,213
1,424 1,547
608 852
180,743 175,479
2,010 3,130
342,660
365,770
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
172,813
15,845
15,403
21,642
19,954
1,154
4,035
0
3,663
917
3,945
14,095
1,336
713
16,783
2,000
7,200
83
1,600
173,130
15,663
12,830
24,363
22,511
1,191
2,581
135
3,124
1,025
2,103
14,382
469
129
8,298
2,000
7,200
140
3,767
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
UNRESTRICTED
FOR THE PERIODS
PAGE 2
JAN. 1, 2008
TO
DEC. 31, 2008
JAN. 1, 2007
TO
DEC. 31, 2007
Garbage Removal
Postage/Mailings
Education & Training
Cat Veternarian
Cat Food
Fundraising Expenses
Truck Purchase
TOTAL EXPENSES
$ 2,371 $ 2,578
2,495 2,225
259 2,515
11,690 18,702
5,724 7,840
4,675 4,904
0 19,610
330,395
353,415
NET PROFIT (LOSS) 12,265 12,355
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
RESTRICTED
FOR THE PERIODS
PAGE 1
JAN. 1, 2008
TO
DEC. 31, 2008
JAN. 1, 2007
TO
DEC. 31, 2007
REVENUES
Interest Income
Accrued Interest Paid
Net Capital Gains(Losses)
TOTAL REVENUES
EXPENSES
Bank/Investment Fees
TOTAL EXPENSES
$ 6,051 $ 13,164
0 ( 330)
743 391
6,794
238
238
13,225
150
150
NET PROFIT (LOSS) 6,556 13,075
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