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NORTH FORK ANIMAL WELFARE LEAGUE INC
FINANCIAL STATEMENTS
DECEMBER 31 2013 & 2012
IRWIN & ODLLL, CPAs LLC
6 Sterlington Commons
Greenporl, NY 11944
(631) 477-3011
(631) 477-9$33 (Fax)
January 22, 2014
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 December 31, 2013 & 2012 and the related Statement
of Activities for the years 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 boon 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.
V 404 ~el~41
Joseph V. Irwin, CPA/
Irwin & Odell, CPAs LLC
NORTH FORK ANIMAL WELFARE LEAGUE INC
Balance Sheet
As of December 31, 2013
Dec 31, 13 Dec 31, 12
ASSETS
Current Assets
Checking/Savings
1010 • Cash-SCNB General Checking 39,288.52 52,706.73
1012 • Cash-SCNB Restricted-Troxel 18,511.25 0.00
1015 • Cash-Capital One Checking 10,391.97 6,999.52
1018 • Petty Cash 230.00 230.00
Total Checking/Savings 68,421.74 59,93625
Other Current Assets
1020 • Wells Fargo Brokerage Accounts
1021 • Wells Fargo-Unrestricted 6827 331,213.67 1,311,798.78
1022 - Wells Fargo-Unrestlcted 4075 677,876.30 0.00
1023 • Wells Fargo-Unrestricted 6969 101,521.30 0.00
1024 • Wells Fargo-Unrestricted 2210 100,396.83 0.00
1025 • Wells Fargo-Unrestricted 5735 102,293.56 0.00
1026 • Wells Fargo-Restricted 304,113.71 323,003.89
Total 1020 - Wells Fargo Brokerage Accounts 1,617,415.37 1,634,802.67
1095 • Prepaid Insurance 3,245.00 5,664.63
1100 • Due From Restricted -Troxel 0.00 1,450.00
Total Other Current Assets 1,620,660.37 1,641,917.30
Total Current Assets 1,689,082.11 1;701,853.55
Other Assets
1090 • Security Deposit 15,000.00 15,000.00
Total Other Assets 15,000.00 15,000.00
TOTAL ASSETS 1,704,082.11 1,716,853.55
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 • Accounts Payable. 7,491.84 9,352.42
2010 • Accounts Payable - EEVESC 0.00 3,314.45
Total Accounts Payable 7,491.84 12,666.87
Other Current Liabilities
2060 • SWT Payable 268.91 0.00
2070 • Other Payroll Taxes Payable 76.86 0.00
2095 • Due to Fund Balance League 0.00 1,450.00
Total Other Current Liabilities 345.77 1,450.00
Page 1 of 2
NORTH FORK ANIMAL WELFARE LEAGUE INC
Balance Sheet
As of December 31, 2013
Dec 31,13 Dec 31,12
Total Current Liabilities 7,837.61 14,116.87
Total Liabilities 7,837.61 14,116.87
Equity
3000 • Fund Balance League 1,373,619.54 1,381,182.79
3200 • Fund Balance Restricted•Troxel 322,624.96 321,553.89
Total Equity 1,696,244.50 1,702,736.68
TOTAL LIABILITIES & EQUITY 1,704,082.11 1,716,853.55
Page 2 of 2
NORTH FORK ANIMAL WELFARE LEAGUE INC
Profit 8i Loss
January through 19.ecefnber 2013
Jan • Dec 13 Jan -
12
De_c
Income
4014 • Shelter Donations - 104,146.15 84,373.61
- 4015 • Grants 15,060.00 0.00
4016 - Bequests 30,000.60 869,413.66
4018 • Shannon Trust Fund Income 8,83.96 8,837.16
4019 • Interest Income 16,025.33 13,802.76
4020 • Foreign Tax Paid -3.38 0.00
4021 , Accrued Interest Paid -1,746.23 0.00
4022 • Dividend Income 16,279.19 6,905.04
4023 • Net Gain(Loss) Stock Sales 30,798.96 14,020.90
4025 • Fundralsing
4026 • Fundraising Income 43,447.00 62,571.00
4027 • Fundralsing Expenses .13,909.33 -14,275.04
Total 4025 • Fundraising 29,537.67 48,295.96
4029 • Dogs 267.00 0.00
4030 • Dogs-Spayed & Neutered 1,407.00 1,450.00
4032 • Gifts 15.00 195.00
4034 • Gats4poye0 & Neutered 425.00 752.00
4036 Memorlals 7,025.00 8,056.00
4038 QuarOkm Angels 4,099.63 2,170.00
4040 R44194 Clinic 1,218.00 599.25
4100 ' 30wthcld Town Income 215,315.73 208,587.50
4200, Riverhead Town Income 185,665.26 0.00
4280 , Miscellaneous income 1,110.16 1,930.59
Total Income 665,485.43 1,269,389.43
Expense
5000 • Executive Director 68,521,95 0.00
5005 Salaries 246,564.04 211,951.81
5010 Payroll Taxes 25,006.78 20,282.45
5012 Employee Benefits - 43,297.99 33,293.61
5014 Kennel Supplies 46,519.67 23,334.00
6016, Dog Veterinarian Fees 26,543.09 21,589.57
5018 • Repairs & Maintenance 4,261.31 905.48
5020 • Auto Expense 9,040.21 5,457.41
5012 • Travel Expense 2,022.00 0.00
5024 • Telephone 5,658.59 3,406.96
5028 • Office Expenses 7,488.63 5,698.64
5030 • Insurance 18,888.37 13,591.57
5031 • Promotion/Grant Writer 24,001.56 1,172.50
5032.• Advertising 3,28733 950.64
5034 • Legal Pees 0.00 33,183.05
5035 - Accounting Expense 2,500.00 2,500.00
5036- Bookkeeping 12,750.00 7,800.00
5037 • Licenses & Fees 388.90 625.00
5038 • Cat Medical 32,203.24 13,973.14
5039 • Cat Food & Supplies 20,084.46 15,872.25
5040- Feral Cat Program 8,162.65 9,266.00
5044 • Garbage 2,432.06 2,346.00
5047 • Credit Card Fees 508.15 541.04
5048 • Bank/Investment Fees 8,627.98 54.35
5049 • Payroll Processing 461.26 0.00
5050 • Mailings 5,763.25 2,947.58
5052- Education 1,100.50 190.00
5062- Kennels 15,060.00 0.00
6065- Fences 1,600.00 0.00
5070 • 2007 Ford Ranger Truck 17,974.50 0.00
5075 - Computers/Periphials 6,072.42 0.00
5085- Miscellaneous Expenses 5,186.32 2,706.29
Total Expense 671,977.61 433,839.34
Net Income. .6,492.18 835,650.09
Pagel
For Informational Purposes Only
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