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HomeMy WebLinkAbout09/2010P-,ECEIYED NOV 3 20~0 3outholtl Town NORTH FORK ANIMAL WELFARE LEAGUE INC FINANCIAL STATEMENTS SEPTEMBER 30, 2010 IRWIN & ODELL; CPAs LLC 6 Sterlington Commons Greenport, NY ] 1944 (631) 477-s011 (631) 477-9.533 (Fax) October 29, 2010 Board of Directors North Fork Animal Welfare League, Inc. Southold, NY 11971 We have compiled the accompanying Statement of Financial Position - income tax basis of North Fork Animal Welfare League, Inc. as of September 30, 2010 and 2009 and the related Statement of Activities - income tax basis for the 9 months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The financial statements have been prepared on the accounting basis used by the Company for Federal income tax purposes, which is a comprehensive basis of accounting other than generally accepted accounting principles. 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, CfA Partner, Irwin & Ordell, CPAs LLC 7:33 AM 10/30/10 Accrual Basis NORTH FORK ANIMAL WELFARE LEAGUE INC Balance Sheet As of September 30, 2010 ASSETS Current Assets Checking/Savings 1010. Cash-SCNB General Checking 1015 - Capital One Checking Total Checking/Savings Other Current Assets 1020 · Wells Fargo-Regular t030 · Wells Fargo-Restricted 1040. SCNB Money Market-Restricted 1050. Capital One CD 1080 · Petty Cash 1090. Security Deposits 1095. Prepaid Insurance Total Other Current Assets Total Current Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 · Accounts Payable Total Accounts Payable Other Current Liabilities 2050 · FICA/FWT Payable 2060. SWT Payable 2070. Other Payroll Taxes Payable 2090 · Deferred Income Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity 3000. Fund Balance League 3200 · Fund Balance Restricted-Troxel 3300 - Fund Balance Restricted-Grant Total Equity TOTAL LIABILITIES & EQUITY Sep 30, t 0 Sep 30, 09 40,257.20 45,087.75 6,029.75 0.00 46,286.95 45,087.75 427,746.62 439,864.59 299,541.84 290,617.38 10,012.10 0,00 0.00 6,020.73 230.00 230,00 5,000.00 5,000.00 9,944.90 6,555.78 752,475.46 748,288.48 798,762.41 793,376.23 798,762.41 793,376.23 6,510.48 121652.97 6,510.48 12,652.97 0.00 4,117.73 0.00 588.78 493.33 353.37 0.00 15,816.51 493.33 20,876.39 7,003.81 33,529.36 7,003.81 33,529.36 482,204.66 469,229.42 299,541.84 290,617.38 10,012.10 0.00 791,758.60 759,846.80 798,762.41 793,376.16 Page 1 of I 8:11 AM 10130110 Accrual Basis Income NORTH FORK ANIMAL WELFARE LEAGUE INC Profit & Loss January through September 2010 Resticted -Grant Restricted-Troxel Unrestricted Jan - Sep 10 Jan - Sep 09 Jan - Sep 10 Jan - Sep 09 Jan - Sep 10 Jan - Sep 09 4014. Shelter Donations 0.00 0.00 0.00 0.00 53,940.02 48,680.10 4015. Grants 10,000.00 0.00 0.00 0.00 0.00 0.00 4016 · Bequests 0.00 0.00 0.00 0.00 55,000.00 0.00 40t8 · Shannon Trust Fund Income 0.00 0.00 0,00 0,00 7,555.17 19,012,57 4019 - Interest Income 12.10 0.00 9,739.41 694.60 4,851.56 7,204.89 4021 - Accrued Interest Paid 0.00 0.00 -1,655.83 -723.59 -561.37 -7.28 4022 · Dividend Income 0.00 0.00 369.49 0.00 6,615.14 7,133.92 4023 · Net Gain(Loss) Stock Sales 0.00 0.00 0.00 577.03 790.41 -19,022.53 4024 · Fundraising Income 0.00 0.00 0.00 0.00 21,260.00 30,105.50 4030 - Dogs-Spade & Neutered 0.00 0.00 0.00 0.00 1,327.00 1,105.00 4032 - Cats 0.00 0.00 0.00 0.00 0.00 20.00 4034 · Cats-Spade & Neutered 0.00 0.00 0.00 0.00 685.00 270.00 4036. Memorials 0.00 0.00 0.00 0.00 11,064.00 3,690.00 4038. Guardian Angels 0.00 0.00 0.00 0.00 1,165.00 550.00 4040 - Rabies Clinic 0.00 0.00 0.00 0.00 307.00 669.00 4t00 - Town Income 0.00 0.00 0.00 0.00 146,144.52 140,523.60 4280 · Miscellaneous Income 0.00 0.00 0.00 0.00 787.00 1,412.00 Total Income 10,012.10 0.00 8,453.07 548.04 310,931.45 241,346.77 Expense 5000 · Salaries 0.00 0.00 0.00 0.00 150,221.85 138,277.74 50t0 · Payroll Taxes 0.00 0.00 0.00 0.00 13,348.19 12,694.28 5012 - Employee Benefits 0.00 0.00 0.00 0.00 17,702.67 13,723.46 5014 · Kennel Supplies 0.00 0.00 0.00 0.00 17,192.23 22,560.74 5016 - Dog Veternarian Fees 0.00 0.00 0.00 0.00 13,670.01 10,505.61 5018 ' Repairs & Maintenance 0.00 0.00 0.00 0.00 1,040.06 2,032.02 5020 ' Auto Expense 0.00 0.00 0.00 0.00 2,751.65 1,881.50 5024. Telephone 0.00 0.00 0.00 0.00 1,571.78 2,114.83 5026 · Utilities 0.00 0.00 0.00 0.00 0.00 282.98 5028 · Office Expenses 0.00 0.00 0.00 0.00 4,087.69 7,943.48 6030 - Insurance 0.00 0.00 0.00 0.00 10,000.00 10,000.00 5032 - Advertising 0.00 0.00 0.00 0.00 241.00 452.82 5034 · Legal Fees 0.00 0.00 0.00 0.00 6,679.52 1,626.99 6035 · Accounting Expense 0.00 0.00 0.00 0.00 2,500.00 2,250.00 6036 · Bookkeeping 0.00 0.00 0.00 0.00 5,400.00 5,400.00 5037. Liscenses & Permits 0.00 0.00 0.00 0.00 572.00 125.00 5038. Cat Medical & Supplies 0.00 0.00 0.00 0.00 4,950.90 7,786.35 5039 · Cat Food 0.00 0.00 0.00 0.00 8,760.14 9,157.64 5040 · Bank/Investment Fees 0.00 0.00 0.00 150.00 187.30 187.50 5041 · Credit Card Fees 0.00 0.00 0.00 0.00 541.48 0.00 5044 - Garbage 0.00 0.00 0.00 0.00 1,869.50 2,200.00 5046 - Fundraising Expenses 0.00 0.00 0.00 0.00 5,702.36 10,123.09 5050 · Mailings 0.00 0.00 0.00 0.00 784.22 372.00 5052 · Education 0.00 0.00 0.00 0.00 1,613.33 505.00 8060 · Vehicles 0.00 0.00 0.00 0.00 3,000.00 0.00 TOTAL Jan-Sep 10 53,940.02 10,000.00 55,000.00 7,556.17 14,603.07 -2,217.20 6,984.63 790.41 21,260.00 1,327.00 0.00 685.00 11,064.00 1,165.00 307.00 146,144.52 787.00 329,396.62 150,221.85 13,348.19 17,702.67 17,192.23 13,670.01 1,040.06 2,751.65 1,571.78 0.00 4,087.69 10,000.00 241.00 6,679.52 2,500.00 5,400.00 572.00 4,950.90 8,760.14 187,30 541.48 1,869,50 5,702,36 784.22 1,613.33 3,000.00 Jan - Sep 09 48,680.10 0.00 0.00 19,012.57 7,899.49 -730.87 7,133.92 -18,445.50 30,105.50 1,105.00 20.00 270.00 3,690.00 550.00 669.00 140,523.60 1,412.00 241,894.81 138,277.74 12~94.28 13,723.46 22,560.74 10,505.61 2,032.02 1,881.50 2,114.83 282.98 7,943.48 10,000.00 452.82 1,626.99 2,250.00 5,400.00 125.00 7,786.35 9,157.64 337,50 0.00 2,200.00 10,123.09 372.00 505.00 0.00 Page 1 8:1t AM 10/30/10 Accrual Basis 5065. Fences 5070. Miscellaneous Expenses TotalExpense Net Income NORTH FORK ANIMAL WELFARE LEAGUE INC Profit & Loss January through September 2010 Resticted-Grant Restricted-Troxel UnrestHcted TOTAL Jan- Sep 10 Jan- Sep 09 Jan- Sep 10 Jan- Sep 09 Jan- Sep t0 Jan- Sep 09 Jan- Sep 10 Jan- Sep 09 0.00 0.00 0.00 0.00 2,418.00 0.00 2,418.00 0.00 0.00 0.00 0.00 0.00 1,712.00 1,097.21 1,712.00 1,097.21 0.00 0.00 0.00 150.00 278,517.88 263,300.24 278,517.88 263,450.24 I0,0t2.t0 0.00 8,453.07 398.04 32,413.57 -21,953.47 90,878.74 -2t,555.43 Page 2