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HomeMy WebLinkAbout03/2014 & 2013 '2©;y fa VIE D APR 3 0 2014 Soulhlu' Town ',710 NORTH FORK ANIMAL WELFARE LEAGUE INC FINANCIAL STATEMENTS MARCH 31 , 2014 & 2013 IRWIN & ODELL, CPAs LLC 6 Sterlington Commons Greenport, NY 11944 (631) 477-3011 (631) 477-9533 (Fax) April 24, 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 March 31, 2014 & 2013 and the related Statement of Activities for the year 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 inforined about such matters. A • Joseph W. Irwin, PA Irwin & Odell, CPAs LLC 11:14 AM NORTH FORK ANIMAL WELFARE LEAGUE INC 04/24/14 Balance Sheet Accrual Basis As of March 31, 2014 Mar 31,14 Mar 31, 13 ASSETS Current Assets Checking/Savings 1010• Cash-SCNB General Checking 72,283.03 41,679.58 1012•Cash-SCNB Restricted-Troxel 3,554.00 1,436.00 1015• Cash-Capital One Checking 14,421.92 9,151.52 1018• Petty Cash 230.00 230.00 Total Checking/Savings 90,488.95 52,497.10 Other Current Assets 1020•Wells Fargo Brokerage Accounts 1021 -Wells Fargo-Unrestricted 6827 333,150.92 502,578.18 1022•Wells Fargo-Unresticted 4075 676,913.82 0.00 1023 Wells Fargo-Unrestricted 6969 102,127.28 0.00 1024 Wells Fargo-Unrestricted 2210 103,376.37 0.00 1025•Wells Fargo-Unrestricted 5735 103,634.80 0.00 1026•Wells Fargo-Restricted 304,598.74 324,103.23 1020•Wells Fargo Brokerage Accounts-Other 0.00 812,448.01 Total 1020•Wells Fargo Brokerage Accounts 1,623,801.93 1,639,129.42 1095• Prepaid Insurance 3,841.70 3,959.49 1100- Due From Restricted-Troxel 0.00 2,900.00 Total Other Current Assets 1,627,643.63 1,645,988.91 Total Current Assets 1,718,132.58 1,698,486.01 Other Assets 1090• Security Deposit 15,000.00 15,000.00 Total Other Assets 15,000.00 15,000.00 TOTAL ASSETS 1,733,132.58 1,713,486.01 LIABILITIES&EQUITY Liabilities Current Liabilities Accounts Payable 2000•Accounts Payable 9,165.72 16,977.48 Total Accounts Payable 9,165.72 16,977.48 Other Current Liabilities 2050- FICA/FWT Payable 0.00 6,981.68 2060• SWT Payable 0.00 1,086.50 2070• Other Payroll Taxes Payable 1,960.68 769.76 2095- Due to Fund Balance League 0.00 2,900.00 Total Other Current Liabilities 1,960.68 11,737.94 Total Current Liabilities 11,126.40 28,715.42 Total Liabilities 11,126.40 28,715.42 Equity 3000 Fund Balance League 1,402,847.62 1,409,339.80 3200 Fund Balance Restricted-Troxel 293,396.88 293,396.88 Net Income 25,761.68 -17,966.09 Total Equity 1,722,006.18 1,684,770.59 TOTAL LIABILITIES&EQUITY 1,733,132.58 1,713,486.01 Page 1 11:27 AM NORTH FORK ANIMAL WELFARE LEAGUE INC 04/24/14 Profit & Loss Accrual Basis January through March 2014 Jan-Mar 14 Jan-Mar 13 Income 4014-Shelter Donations 16,945.51 24,429.56 4015- Grants 0.00 15,060.00 4016- Bequests 48,064.39 0.00 4019- Interest Income 3,528.63 3,311.42 4020- Foreign Tax Paid -20.91 0.00 4021 -Accrued Interest Paid -30.55 0.00 4022- Dividend Income 4,014.98 1,015.33 4023• Net Gain(Loss)Stock Sales 1,868.44 0.00 4025• Fundraising 4026• Fundraising Income 10,640.00 0.00 4027• Fundraising Expenses -3,068.00 -382.00 Total 4025• Fundraising 7,572.00 -382.00 4030- Dogs-Spayed&Neutered 355.00 145.00 4031 • Petco 300.00 0.00 4034• Cats-Spayed&Neutered 410.00 0.00 4036• Memorials 7,645.00 960.00 4038• Guardian Angels 786.00 1,325.00 4040• Rabies Clinic 236.00 181.00 4100- Southold Town Income 54,370.98 52,787.55 4200• Riverhead Town Income 56,127.74 18,594.58 4280• Miscellaneous Income 709.43 0.00 Total Income 202,882.64 117,427.44 Expense 5005-Salaries 102,725.96 60,301.56 5010• Payroll Taxes 8,944.60 5,976.36 5012• Employee Benefits 6,676.21 8,230.72 5014• Kennel Supplies 11,299.65 8,138.74 5016• Dog Veterinarian Fees 7,284.09 2,814.35 5018• Repairs&Maintenance 202.45 3,106.31 5020•Auto Expense 1,191.63 1,547.30 5024• Telephone 1,599.44 2,014.25 5028• Office Expenses 2,622.52 2,208.23 5030• Insurance 4,548.99 3,000.00 5031 - Promotion/Grant Writer 1,333.75 8,829.15 5032•Advertising 0.00 71.56 5036• Bookkeeping 3,700.00 1,950.00 5037• Licenses&Fees 359.00 55.40 5038• Cat Medical 9,169.46 7,380.77 5039•Cat Food&Supplies 5,686.86 4,099.35 5040• Feral Cat Program 3,222.59 1,759.20 5041 • Petco Expenses 374.84 0.00 5044• Garbage 615.84 586.50 5047• Credit Card Fees -29.95 201.00 5048• Bank/investment Fees 3,790.56 115.00 5049• Payroll Processing 193.50 0.00 5050• Mailings 450.00 200.00 5052• Education 1,050.00 0.00 5062• Kennels 0.00 7,530.00 5075• Computers/Periphials 0.00 5,247.42 5085• Miscellaneous Expenses 108.97 30.36 Total Expense 177,120.96 135,393.53 Net Income 25,761.68 -17,966.09 Page 1 FOR INFORMATIONAL PURPOSES ONLY 11:27 AM NORTH FORK ANIMAL WELFARE LEAGUE INC 04124114 Profit&Loss Accrual Basis January through March 2014 Restricted-Troxel Restricted-Grant Unrestricted-Riverhead Unrestricted-Southold Unrestricted-League TOTAL 4014-Shelter Donations 0.00 0.00 0.00 0.00 1,395.00 0.00 2,833.00 0.00 12,717.51 24,429.56 16,945.51 24,429.56 4015-Grants 0.00 0.00 0.00 15,060.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15,060.00 4016-Bequests 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48,064.39 0.00 48,064.39 0.00 4019-Interest Income 485.03 1,099.34 0.00 0.00 0.00 0.00 0.00 0.00 3,043.60 2,212.08 3,528.63 3,311.42 4020-Foreign Tax Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -20.91 0.00 -20.91 0.00 4021-Accrued Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30.55 0.00 -30.55 0.00 4022-Dividend Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,014.98 1,015.33 4,014.98 1,015.33 4023•Net Gain(Loss)Stock Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,868.44 0.00 1,868.44 0.00 4025-Fundraising 4026-Fundraising Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,640.00 0.00 10,640.00 0.00 4027-Fundraising Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -3,068.00 -382.00 -3,068.00 -382.00 Total 4025-Fundraising 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,572.00 -382.00 7,572.00 -382.00 4030•Dogs-Spayed&Neutered 0.00 0.00 0.00 0.00 0.00 0.00 355.00 145.00 0.00 0.00 355.00 145.00 4031•Petco 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 300.00 0.00 300.00 0.00 4034-Cats-Spayed&Neutered 0.00 0.00 0.00 0.00 0.00 0.00 410.00 0.00 0.00 0.00 410.00 0.00 4036-Memorials 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,645.00 960.00 7,645.00 960.00 4038-Guardian Angels 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 786.00 1,325.00 786.00 1,325.00 4040-Rabies Clinic 0.00 0.00 0.00 0.00 236.00 0.00 0.00 181.00 0.00 0.00 236.00 181.00 4100-Southold Town Income 0.00 0.00 0.00 0.00 0.00 0.00 54,370.98 52,787.55 0.00 0.00 54,370.98 52,787.55 4200-Riverhead Town Income 0.00 0.00 0.00 0.00 56,127.74 18,594.58 0.00 0.00 0.00 0.00 56,127.74 18,594.58 4280-Miscellaneous Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 709.43 0.00 709.43 0.00 Total Income 485.03 1,099.34 0.00 15,060.00 57,758.74 18,594.58 57,968.98 53,113.55 86,669.89 29,559.97 202,882.64 117,427.44 Expense 5005-Salaries 0.00 0.00 0.00 0.00 45,225.26 8,653.08 50,000.70 51,648.48 7,500.00 0.00 102,725.96 60,301.56 5010-Payroll Taxes 0.00 0.00 0.00 0.00 3,935.62 785.26 4,382.85 5,191.10 626.13 0.00 8,944.60 5,976.36 5012.Employee Benefits 0.00 0.00 0.00 0.00 0.00 0.00 6,676.21 8,230.72 0.00 0.00 6,676.21 8,230.72 5014-Kennel Supplies 0.00 0.00 0.00 0.00 4,520.20 1,907.62 6,758.38 6,231.12 21.07 0.00 11,299.65 8,138.74 5016-Dog Veterinarian Fees 0.00 0.00 0.00 0.00 1,502.19 0.00 4,571.90 2,814.35 1,210.00 0.00 7,284.09 2,814.35 5018-Repairs&Maintenance 0.00 0.00 0.00 0.00 202.45 112.20 0.00 2,994.11 0.00 0.00 202.45 3,106.31 5020-Auto Expense 0.00 0.00 0.00 0.00 849.22 0.00 280.90 1,547.30 61.51 0.00 1,191.63 1,547.30 5024•Telephone 0.00 0.00 0.00 0.00 677.22 676.08 922.22 1,338.17 0.00 0.00 1,599.44 2,014.25 5028•Office Expenses 0.00 0.00 0.00 0.00 371.67 469.47 424.40 1,738.76 1,826.45 0.00 2,622.52 2,208.23 5030-Insurance 0.00 0.00 0.00 0.00 1,651.36 600.46 1,684.55 2,399.54 1,213.08 0.00 4,548.99 3,000.00 5031-Promotion/Grant Writer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,333.75 8,829.15 1,333.75 8,829.15 5032•Advertising 0.00 0.00 0.00 0.00 0.00 71.56 0.00 0.00 0.00 0.00 0.00 71.56 5036-Bookkeeping 0.00 0.00 0.00 0.00 1,850.00 0.00 1,850.00 1,950.00 0.00 0.00 3,700.00 1,950.00 5037-Licenses&Fees 0.00 0.00 0.00 0.00 9.00 0.00 0.00 55.40 350.00 0.00 359.00 55.40 5038-Cat Medical 0.00 0.00 0.00 0.00 2,045.32 0.00 4,084.14 7,380.77 3,040.00 0.00 9,169.46 7,380.77 5039-Cat Food&Supplies 0.00 0.00 0.00 0.00 0.00 0.00 5,686.86 4,099.35 0.00 0.00 5,686.86 4,099.35 5040-Feral Cat Program 0.00 0.00 0.00 0.00 0.00 0.00 1,984.08 1,759.20 1,238.51 0.00 3,222.59 1,759.20 5041-Petco Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 374.84 0.00 374.84 0.00 5044-Garbage 0.00 0.00 0.00 0.00 0.00 0.00 615.84 586.50 0.00 0.00 615.84 586.50 5047-Credit Card Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -29.95 201.00 -29.95 201.00 5048-Bank/Investment Fees 45.00 15.00 0.00 0.00 0.00 0.00 0.00 0.00 3,745.56 100.00 3,790.56 115.00 5049-Payroll Processing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 193.50 0.00 193.50 0.00 5050.Mailings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 450.00 200.00 450.00 200.00 5052-Education 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,050.00 0.00 1,050.00 0.00 5062•Kennels 0.00 0.00 0.00 7,530.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,530.00 5075•Computers/Periphials 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,247.42 0.00 5,247.42 5085-Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00 30.36 0.00 0.00 108.97 0.00 108.97 30.36 Total Expense 45.00 15.00 0.00 7,530.00 62,839.51 13,306.09 89,923.03 99,964.87 24,313.42 14,577.57 177,120.96 135,393.53 Net Income 440.03 1,084.34 0.00 7,530.00 -5,080.77 5,288.49 -31,954.05 -46,851.32 62,356.47 14,982.40 25,761.68 -17,966.09 Page 1