HomeMy WebLinkAbout06/30/2007 & 2008RECEIVED
dUL 1 6 2008
Southekl Town Clerk
NORTH FORK ANIMAL WELFARE LEAGUE
FINANCIAL STATEMENTS
JUNE 30, 2007 & 2008
July 15, 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 6 months ended June 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.
~ph W/rwin, CP
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
JUNE 30, 2008 JUNE 30, 2007
$ 43,115 $ 27,239
420,439 404,282
288,648 276,924
5,884 5,510
230 230
8,852 9,351
767,168 723,536
LIABILITIES
Accounts Payable
Deferred Income
SWT Payable
Payroll Taxes Payable
Disability Withheld
TOTAL LIABILITIES
11,224 3,022
15,208 14,623
667 610
707 891
1) 0
27,805 19,146
Fund Balance League
Fund Balance Restricted
TOTAL FUND BALANCE
450,715 427,466
288,648 276,924
739,363 704,390
TOTAL LIABILITIES & EQUITY 767,168 723,536
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE INCOME STATEMENT
FOR THE PERIODS
EXHIBIT B
PAGE 1
JAN. 1, 2008
TO
JUNE 30, 2008
JAN. 1, 2007
TO
JUNE 30, 2007
REVENUES Donations
Trust Fund Income
Interest Income
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
Education & Training
Cat Veternarian
$ 35,979 $ 48,045
4,552 6,749
9,439 10,466
(59) (173)
5,166 4,025
(3,999) 4,088
10,890 6,340
275 280
345 50
313 405
1,884 5,865
0 133
263 608
89,494 87,740
490 778
155,032
82,570
8,108
9,342
10,133
6,842
1,121
2,054
0
1,699
489
1,130
7,000
526
713
5,575
2,000
3,600
212
704
1,078
1,721
28
4,519
175,399
85,053
8,210
7,410
12,295
11,358
14
1,232
135
1,562
431
1,398
6,000
0
129
4,258
2,000
3,600
263
1,158
t,305
1,338
2,291
7,507
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE INCOME STATEMENT
FOR THE PERIODS
EXHIBIT B
PAGE 2
JAN. 1, 2008
TO
JUNE 30, 2008
JAN. 1, 2007
TO
JUNE 30, 2007
Cat Food
Fundraising Expenses
Truck Purchase
TOTAL EXPENSES
$ 2,982 $ 5,633
4,475 4,339
0 19,610
t58,621
188,529
NET PROFIT (LOSS) ( 3,589) ( 13,130)
COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1
UNRESTRICTED
FOR THE PERIODS
JAN. 1, 2008 JAN. 1, 2007
TO TO
JUNE 30, 2008 JUNE 30, 2007
REVENUES
Donations $ 35,979 $ 48,045
Trust Fund Income 4,552 6,749
Interest Income 5,039 4,081
Accrued Interest Paid (59) (173)
Dividend Income 5,166 4,025
Net Capital Gains(Losses) (4,017) 3,976
Fundraising Events 10,890 6,340
Dogs S-N 275 280
Cats 345 50
Cats S-N 313 405
Memorials 1,884 5,865
Guardian Angels 0 133
Rabies Clinic 263 608
Town Contract 89,494 87,740
Miscellaneous Income 490 778
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
Education & Training
150,614
168,902
82,570 85,053
8,108 8,210
9,342 7,410
10,133 12,295
6,842 11,358
1,121 14
2,054 1,232
0 135
1,699 !,562
489 431
1,131 1,400
7,000 6,000
526 0
713 129
5,575 4,258
2,000 2,000
3,600 3,600
62 113
704 1,158
1,078 1,305
1,721 1,338
28 2,291
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
UNRESTRICTED
FOR THE PERIODS
PAGE 2
JAN. 1, 2008
TO
JUNE 30, 2008
JAN. 1, 2007
TO
JUNE 30, 2007
Cat Veternarian
Cat Food
Fundraising Expenses
Truck Purchase
TOTAL EXPENSES
$ 4,519 $ 7,507
2,982 5,633
4,475 4,339
0 19,610
158,472
188,381
NET PROFIT (LOSS} ( 7,858} ( 19,479)
NORTH FORK ANIMAL WELFARE LEAGUE
COMPARATIVE DEPARTMENTAL INCOME STATEMENT
RESTRICTED
FOR THE PERIODS
PAGE 1
JAN. 1, 2008
TO
JUNE 30, 2008
JAN. 1, 2007
TO
JUNE 30, 2007
REVENUES
Interest Income
Net Capital Gains(Losses)
TOTAL REVENUES
EXPENSES
Bank/Investment Fees
TOTAL EXPENSES
$ 4,400 $ 6,385
18 112
4,418
150
150
6,497
150
150
NET PROFIT {LOSS) 4,268 6,347