HomeMy WebLinkAbout09/2013
RECEIVED
OCT 2 3 2013
Southold Town Clerk
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NORTH FORK ANIMAL WELFARE LEAGUE INC.
FINANCIAL STATEMENTS
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SEPTEMBER 30, 2013 & 2012
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IRWIN & ODELL, CPAs LLC
6 Sterlington Commons
Greenport, NY 11944
(631) 477-3011
(631) 477-9533 (Fax)
October 22, 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
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Animal Welfare League Inc. as of September 30, 2013 & 2012 and the related Statement
of Activities for the nine 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.
Joseph . Irwin, CP
Irwin & Odell, CPAs LLC .
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11:63 AM
10/22/i3 NORTH FORK ANIMAL WELFARE LEAGUE INC
Accrual Basis Balance Sheet
As of September 30, 2013
Sep 30, 13 Sep 30, 12
ASSETS
Current Assets
Checking/savings
1010 • CashSCNS General Checking 18,708.82 68,671.89
1012- Cash-SCNS Reshiicted-Troxel 18,511.25 0.00
1015- CashCapitel One Checking 3,686.67 4,731.43
1019 - Petty Cash 230.00 230.00
Total Checking/Savings 41,136]4 73,833.32
Other Current Assets
1020 - Wells Fargo Brokerage Accounts
1021 - Wells Fargo-Unrestricted 6827 328,440.52 502.578.18 'i.
1022 • Wells Fargo-Unmsucted 4076 693,511.54 0.00
1023 • Wells Fargo-Unmstdcmd 6969 101,136.33 0.00
1024 - Wells Fargo-Unrestricted 2210 100,16234 0.00
1025 - Wells Fargo-Unrestricted 6735 101,044.06 0.00
1026 - Wells Fargo-Restdctetl 304,113.68 322,999.04
7020 Wells Fargo Brokerage Accounts -Other 0.00 805,616.64
Total 1020- Wells Fargo Brokerage Accounts 1,628,408.47 1,631,194.06
1096 - Prepaid Insurance 5,093.53 6,865.60
1100 - Due From Restricted -Troxel 0A0 500.00
Total Other Current Assets 1,633,502.00 1,638,559.66
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Total Current Assets 1,674,638.74 1,712,192.98
Other Assets
1090 • Security Deposits 15,000.00 15,000.00
Total Other Assets 15,000.00 15,000.00
TOTAL ASSETS 1,609,638.74 1,727,192.98
LIABILITIES & EQUITY
Liabilities
Current Liabilities'.
Accounts Payable
2000• Accounts Payable 13,160.87 6,469.87
2010- Accounts Payable - EEVESC 0.00 4,814.45
Total Accounts Payable 13,160.67 11,284.32
Other Current Liabilities
2095 - Due to Fund Balance League 0.00 500.00.
Total Other Current Liabilities 07 500.00
Total Current Liabilities 13,160.67 11,784.32
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Total Liabilities 13,160.67 11,784.321
Equity
3000 - Fund Balance League 1,353,853.14 1,392,910.62
3200 - Fund Balance Restricted-Troxel 322,624.93 322,499.04
Total Equity
1,676,478.07 1,715,409.66
TOTAL LIABILITIES & EQUITY 1,609,638.74 1,72],193.90
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11:44 AM NORTH FORK ANIMAL WELFARE LEAGUE ING
_ 10122113 Profit & Loss
Accrual Basis January through September 2013
Jan - Sep 13 Jan - Sep 12
Income
4014 • Shelter Donations 58,767.34 58,523.59
4015 • Grants 15,060.00 0.00
4016 - Bequests 30,000.00 869,413.66
4018- Shannon Trust Fund Income 6,339.96 6,837.16
4019 - Interest Income 11,092.73 11,553.32
4020- Foreign Tax Paid -2.56 0.00
4021 - Accrued Interest paid -1,606.06 0.00
4022 • Dividend Income 7,717.04 5,545.87
4023- Net Gain(Loss) Stock Sales 21,434.53 14,020.90
4025- Fundraising
4026 • Fundraising Income 36,222.00 51,655.00
4027 • Fundraising Expenses -10,554.33 -10,950.04
Total 4025 • Fundraising 25,667.67 40,704.96
4030- Dogs-Spayed & Neutered 700.00 1,335.00
4032- Cats 15.00 195.00
4034 • Cats-Spayed & Neutered 165.00 467.00!!
4036- Memorials 5,365.00 5,696.00
4038- Guardian Angels 1,520.00 500.00 j'
4040, Rabies Clinic 980.00 433.25
4100 • Southold Town Income 160,473.89 155,800.01
4200 • Riverhead Town Income 130,352.44 0.00
4280 • Miscellaneous Income 670.16 1,930.59
Total Income 474,712.14 1,172,956.31
Expense
5000 - Salaries 227,703.11 153,891.37 j
5010- Payroll Taxes 18,245.12 17,939.33
5012 • Employee Benefits 33,661.58 24,987.57
5014- Kennel Supplies 37,125.62 15,561.82
5016- Dog Veterinarian Fees 20,303.34 17,128.07
5018- Repairs & Maintenance 4,066.31 585.00
5020 • Auto Expense 7,469.75 3,905.91
5022 • Travel Expense 350.10 0.00
5024 • Telephone 4,489.39 2,425.30
5028 - Office Expenses 5,099.55 4,614.93
5030- Insurance 14,081.90 9,500.00
5031 • Promotion/Grant Writer 20,206.35 0.00
5032 • Advertising 1,991.60 132.64
5034- Legal Fees 0.00 30,489.80
5035 • Accounting Expense 2,500.00 2,500.00
5036- Bookkeeping 9,150.00 5,850.00
5037- Licenses & Fees 330.40 625.00
5038- Cat Medical 21,449.01 10,458.37 j
5039 • Cat Food & Supplies 13,522.72 11,764.80
5040- Feral Cat Program 5,282.58 6,351.35
5044 • Garbage 1,816.22 1,759.50
5047 • Credit Card Fees 399.34 414.13
5048- Bank/investment Fees 4,968.20 53.00
5049- Payroll Processing 253.75 0.00 j
5050- Mailings 3,177.07 1,073.25
5052- Education 250.50 190.00
5062- Kennels 15,060.00 0.00
5065, Fences 1,600.00 0.00
5070 • 2007 Ford Ranger Truck 17,974.50 0.00
5075 • Computers/Periphials 5,247.42 0.00
5085- Miscellaneous Expenses 3,195.32 2,533.10
Total Expense 500,970.75 324,734.24
Net Income -26,258.61 848,222.07
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