HomeMy WebLinkAbout06/2013 ~-30_~-~
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NORTH FORK ANIMAL WELFARE LEAGUE INC.
FINANCIAL STATEMENTS
JUNE 3 0, 2013 & 2012
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RECEIVED
JUL 2 5 2013
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IRWIN c& ODELL, CPAs LLC
6 Sterlington Commons
Greenport, NY 11944 I
(631) 477-3011
(631) 477-9533 (Fax)
July 24, 2013
Board of Directors
North Fork Animal Welfare League Inc..
Southold, NY 11971
We have compiled the accompanying Statement of Financial Position of North Fork
Animal Welfare League Inc. as of June 30, 2013 & 2012 and the related Statement of
Activities for the six 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 cash 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.
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G'H (N' tom.
Josep W.Irwin, A
Irwin & Odell, CPAs LLC
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NORTH FORK ANIMAL WELFARE LEAGUE INC !
E~alance Sheet
AS of June 30, 2013
Jun 3Q 13 Jun 30, 12
ASSETS
Current Assets
CheckinglSavings-
1010 • CashSCNB General Checking 26,601.30 88,345.25
1012 • CashSCNB Restricted-Troxel 18,511.25 0.00
1015 •Cash-Capital One Checking 9,276.02 3,771.63
1018 • Petty Cash 230.00 230.00
- Total Checking/Savings - 54,618.57 92,346.88
Other Current Assets
1020 • Wells Fargo Brokerage Accounts
1021 ~ Wells Fargo-Unrestricted 6827 318,732.53 502,578.18
1022 • Wells Fargo-Unresticted 4075 693,128.41 0.00
1023 ~ Wells Fargo-Unrestricted 6969 100,105.08 0.00
1024 ~ Wells Fargo-Unrestricted 2210 99,872.01 0.00
1025 • Wells Fargo-Unrestricted 5735 99,532.79 0.00
1026 • Wells Fargo-Restricted 303,244.48 321,150.34
Tota11020 • Wells Fargo Brokerage Accounts 1,614,615.30 823,728.52
1095 • Prepaid Insurance 4,793.76 8,527.90',
Total Other Current Assets 1,619,409.06 832,256.42
Total Current Assets 1,674,027.63 924,603.30
Other Assets
1090 • Security Deposits 15,000.00 15,000.00 - ;
Total Other Assets 15,000.00 15,000.00
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TOTAL ASSETS ~ 1,689,027.63 939,603.30
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LIABILITIES 8 EQUITY
Liabilities
Current Liabilities -
Accounts Payable it
2000 • Accounts Payable 12,737.62 16,658.38 ~
2010 • Accounts Payable - EEVESC 0.00 6,314.45
Total Accounts Payable 12,731.62 22,972.83
Other Current Liabilities
2070 • Other Payroll Taxes Payable 495.28 161.85
Total Other Current Liabilities 495.28 161.85 ~
Total Current Liabilities 13,226.90 23,134.68
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NORTH FORK ANIMAL WELFARE LEAGUE INC
balance Sheet
As of June 30, 2013
Jun 30, 13 Jun 30, 12
Total Liabilities 13,226.90 23,134.68
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Equity
-3000 • Fund Balance League 1,354,045.00 595,318.28
3200 ~ Fund Balance Restricted-Troxel 321,755.73 321,150.34
3300-Grants 0.00 0.00
Total Equity ~ 1,675,800.73 916,468.62 -
TOTAL LIABILITIES & EQUITY 1,689,027.63 939,603.30
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NORTH FORK ANIMAL WELFARE LEAGUE INC
Profit & Loss
January through June 2013
Jan-Jun 13 Jan -Jun 12
Income
4014 • Shelter Donations 40,379.52 36,896.32
4015 • Grants 15,060.00 0.00
4016 • Bequests 30,000.00 68,413.66
4018 • Shannon Trust Fund Income 6,339.96 6,837.16 -
- 4019 Interest Income 7,482.19 7,526.11
4021 • Accrued Interest Paid -1,256.54 0.00
4022 • Dividend Income 4,316.35 4,313.79
4023 • Net Gain(Loss) Stock Sales 12,676.35 11,814.65
4024 • Fundraising Income 13,307.00 22,772.00
4025 • Fundraising Expenses -7,827.83 -8,149.04
4030 •Dogs-Spayed & Neutered 315.00 1,115.00
4032 • Cats 0.00 195.00
4034 •Cats-Spayed & Neutered 0.00 370.00
4036 • Memorials 1,849.00 3,170.00
4038 ~ Guardian Angels 1,325.00 0.00
4040 • Rabies Clinic 485.00 201.00
4100 • Southold Town Income 106,102.91 103,012.52 -
4200 • Riverhead Town Income - 74,568.70 0.00
4280 • Miscellaneous Income 316.48 1,781.79
Total income 305,439.09 260,269.96
Expense
5000 • Salaries 140,301.77 103,023.12
5010 ~ Payroll Taxes 11,346.73 11,478.93
5012 • Employee Benefits 25,795.02 16,620.00
5014 • Kennel Supplies 22,262.50 9,825.05
5016 • Dog Veterinarian Fees 10,964.74 11,198.04
5018 • Repairs & Maintenance 3,676.31 390.00
5020 • Auto Expense 4,595.05 3,124.46
5024 • Telephone 3,288.61 1,510.64
5028 • Office Expenees 3,413.74 2,781.20
5030 • Insurance 6,500.00 6,500.00
5031 • PromotionlGrant Writer 19,654.60 0.00
- 5032 • Advertising 432.56 0.00
5034 • Legal Fees -0.00 15,585.84
5035 • Accounting Expense 2,500.00 2,500.00 -
5036 • Bookkeeping 5,550.00 3,900.00 ~
5037 • Licenses S Permits 330.40 125.00
5038 • Cat Medical 12,202.75 6,199.53
5039 • Cat Food S Supplies 7,383.77 6,565.45 ;
5040 • Feral Cat Program 4,398.00 5,341.35
5044 • Garbage 1,200.38 1,173.00 li
5047 • Credit Card Fees 311.50 281.93 I
5048 • Bank/lnvestment Fees 3,171.85 10.00
5049 • Payroll Processing 59.45 0.00
5050 • Mailings ~ 2,993.07 190.00
5052 • Education 250.50 150.00
5062 • Kennels 15,060.00 0.00
5070 • 2007 Ford Ranger Truck 17,974.50 0.00
5075 • ComputerslPeriphials 5,247.42 0.00
5085 • Miscellaneous Expenses 1,507.82 2,515.39
Total Expense 332,375.04 210,988.93
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Net Income -26,935.95 49,281.03 j~
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