Loading...
HomeMy WebLinkAbout2000 . . w • � � ........,. ..... ..w........►.r r-o•..a.+�.-Asa-ar..v� ' J , L7z JOSEPH W. IRWIN, CPA & CO. RECEIVED 6 Sterlington Commons Greenport,NY 11944 (516) 477-3011 AUG 2 3 2000 (516) 477-9533 (fax) Southold Town Clerk Ms. Elizabeth Ann Neville, Town Clerk Town of Southold P.O. Box 1179 53095 Main Road Southold,NY 11971 Dear Ms. Neville, Please find attached financial statements for North Fork Animal Welfare League, Inc. for the periods March 31, 2000 and June 30, 2000 for your records. Sincer ly, VA Joseph . Irwin, CPA • • • RECEIVED AUG 2 3 2000 Joseph W. Irwin, CPA 6 Sterlington Commons Greenport,NY 11944 Southold Town Clerk (631)-477-3011 (631)-477-9533(fax) June 21, 2000 North Fork Animal Welfare League, Inc. P.O. Box 297 Southold, NY 11971 ACCOUNTANT'S REPORT We have compiled the accompanying statement of financial position of North Fork Animal Welfare League, Inc. (a Non-Profit Corporation) as of March 31, 1999 and 2000 and the related statements of activities for the 3 months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. 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 and statement of cash flows required by generally accepted accounting principles. If the omitted disclosures and statements were included in the financial statements, they might influence the user's conclusions, about the company's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters. VW, Joseph W. Irwin, CPA '. N F IMAL WELFARE LEAGUE INC • EXHIBIT A COMPARATIVE BALANCE SHEET PAGE 1 MAR. 31, 2000 MAR. 31, 1999 ASSETS Cash-SCNB General Checking $ 6,287 ($ 680) Cash-NFB Thrift Checking 38,169 23, 929 Cash-SCNB General Trust 375,539 343,208 Cash-SCNB Thrift Trust 69,152 66,326 CD-NFB 0 9,034 MM-NFB&T 5,253 5,081 Petty Cash/General 130 130 Petty Cash/Thrift 100 100 Security Deposits 600 600 TOTAL ASSETS 495,230 447,728 LIABILITIES Accounts Payable 1,884 145 Deferred Income 11,000 0 Federal Tax Payable 98 600 Other Taxes Payable 1,395 1,211 State W/H Tax Payable 919 786 Disability Withheld 0 48 Sales Tax Payable 160 266 Employee Health Ins. Payable 0 480 Insurance Payable 2,267 7,988 TOTAL LIABILITIES 17,723 11,524 FUND BALANCES Fund Balance League 412,398 348,892 Fund Balance Restr. Town ( 119,499) ( 67,932) Fund Balance Restr/Bldg. 100,000 100, 000 Fund Balance-Thrift Shop 84,608 55,244 TOTAL FUND BALANCES 477,507 436,204 TOTAL LIABILITIES & EQUITY 495,230 447,728 _ F ANIMAL WELFARE LEAGUE INC S EXHIBIT B COMPARATIVE INCOME STATEMENT PAGE 1 FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO MAR. 31, 2000 % MAR. 31, 1999 % REVENUES Dues $ 60 .1 $ 75 .1 Shelter Donations 16,057 20.6 8,923 13.9 Interest Income 1,068 1.4 3,037 4.7 Interest Income 2,928 3 .8 0 .0 Dividend Income 1,682 2 .2 2,170 3.4 Net Capital Gain (Loss) 3,896 5.0 5,549 8.6 Fund Raising Events 8,700 11.1 1,770 2.8 Dogs 100 .1 0 .0 Dogs S-N ( 20) .0 225 .4 Cats 335 .4 303 .5 Cats S-N 310 .4 275 .4 Memorials 655 .8 1,130 1.8 Rabies Clinic 1 .0 108 .2 Sponsorship Income 855 1.1 280 .4 Town Contract Income 33,000 42 .3 31,500 49.1 Thrift Shop Sales 8,427 10.8 8,854 13.8 Total Revenues 78,054 100.0 64,199 100.0 EXPENSES Rent-Thrift 1,800 2.3 1,800 2.8 Salaries 32,004 41.0 29,349 45.7 Payroll Taxes 2,274 2.9 4,434 6.9 Employee Benefits 3,755 4.8 2,198 3.4 Kennel Supplies 3,725 4.8 6,943 10.8 Veternarian Fees 2,658 3 .4 4,241 6.6 Repairs & Maintenance 1,756 2.2 74 .1 Auto Expense 35 .0 532 .8 Travel Expenses 168 .2 0 .0 Telephone 867 1.1 509 .8 Utilities 3,422 4.4 3,462 5.4 Office Expense 364 .5 568 .9 Insurance 1,500 1.9 1, 800 2.8 Advertising 1,046 1.3 1,644 2.6 Bookkeeping 1,500 1.9 1,500 2.3 Bank Charges 55 .1 76 .1 Miscellaneous 125 .2 1,108 1.7 Garbage 605 .8 584 .9 Postage 879 1.1 53 .1 Education Expenses 165 .2 35 .1 Cat Medical & Supplies 3,063 3.9 2,637 4.1 Cat Food 2,123 2 .7 475 .7 " 410L F ANIMAL WELFARE LEAGUE INC 4111 EXHIBIT B . COMPARATIVE INCOME STATEMENT PAGE 2 FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO MAR. 31, 2000 % MAR. 31, 1999 % Fund Raising Expenses $ 2,113 2.7 $ 587 .9 Investment Fees 1,019 1.3 991 1.5 TOTAL EXPENSES 67,021 85.9 65,600 102.2 Net Profit(Loss) 11,033 14.1 ( 1,401) 2.2 41, F ANIMAL WELFARE LEAGUE INC 40 COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1 League FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO MAR. 31, 2000 % MAR. 31, 1999 % REVENUES Dues $ 60 .2 $ 75 .3 Shelter Donations 16,057 43 .8 8,923 37.4 Interest Income 1,068 2 .9 3,037 12.7 Interest Income 2,928 8.0 0 .0 Dividend Income 1,682 4.6 2,170 9.1 Net Capital Gain (Loss) 3,896 10.6 5,549 23.3 Fund Raising Events 8,700 23.8 1,770 7.4 Dogs 100 .3 0 .0 Dogs S-N ( 20) .1 225 .9 Cats 335 .9 303 1.3 Cats S-N 310 .8 275 1.2 Memorials 655 1.8 1,130 4.7 Rabies Clinic 1 .0 108 .5 Sponsorship Income 855 2.3 280 1.2 Total Revenues 36,627 100.0 23,845 100.0 EXPENSES Salaries 10,565 28.8 9,783 41.0 Payroll Taxes 758 2.1 1,478 6.2 Employee Benefits 1,251 3.4 732 3.1 Kennel Supplies 493 1.3 2,434 10.2 Veternarian Fees 2,658 7.3 4,241 17.8 Repairs & Maintenance 329 .9 12 .1 Auto Expense 12 .0 195 .8 Travel Expenses 56 .2 0 .0 Telephone 265 .7 137 .6 Utilities 898 2.5 800 3.4 Office Expense 166 .5 287 1.2 Insurance 500 1.4 600 2.5 Advertising 1,046 2.9 1,644 6.9 Bookkeeping 500 1.4 500 2.1 Bank Charges 18 .0 25 .1 Miscellaneous 125 .3 1,064 4.5 Garbage 130 .4 180 .8 Postage 879 2 .4 53 .2 Education Expenses 165 .5 35 .1 Cat Medical & Supplies 3,063 8.4 2,637 11.1 Cat Food 2,123 5.8 475 2.0 Fund Raising Expenses 2,113 5.8 587 2.5 Investment Fees 1,019 2.8 991 4.2 410L F ANIMAL WELFARE LEAGUE INC • COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 2 League FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO MAR. 31, 2000 MAR. 31, 1999 TOTAL EXPENSES $ 29,132 79.5 $ 28,890 121.2 Net Profit (Loss) 7,495 20.5 ( 5, 045) 21.2 • • . Ilk ` F ANIMAL WELFARE LEAGUE INC 4111 COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1 Town FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO MAR. 31, 2000 % MAR. 31, 1999 % REVENUES Town Contract Income $ 33,000 100.0 $ 31,500 100.0 Total Revenues 33,000 100.0 31,500 100.0 EXPENSES Salaries 21,439 65.0 19,566 62.1 Payroll Taxes 1,516 4.6 2,956 9.4 Employee Benefits 2,503 7.6 1,465 4.7 Kennel Supplies 3,232 9.8 4,509 14.3 Repairs & Maintenance 1,383 4.2 47 .1 Auto Expense 23 .1 338 1.1 Travel Expenses 112 .3 0 .0 Telephone 530 1.6 274 .9 Utilities 1,795 5.4 1,600 5.1 Office Expense 91 .3 155 .5 Insurance 1,000 3.0 1,200 3.8 Bookkeeping 1,000 3.0 1,000 3.2 Bank Charges 37 .1 51 .2 Garbage 431 1.3 360 1.1 TOTAL EXPENSES 35,092 106.3 33,521 106.4 Net Profit (Loss) ( 2,092) 6.3 ( 2,021) 6.4 • ,, F ANIMAL WELFARE LEAGUE INC • COMPARATIVE DEPARTMENTAL INCOME STATEMENT PAGE 1 Thrift Shop FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO MAR. 31, 2000 % MAR. 31, 1999 % REVENUES Thrift Shop Sales $ 8,427 100.0 $ 8,854 100.0 Total Revenues 8,427 100.0 8,854 100.0 EXPENSES Rent-Thrift 1,800 21.4 1,800 20.3 Repairs & Maintenance 45 .5 15 .2 Telephone 72 .9 99 1.1 Utilities 729 8.7 1,061 12.0 Office Expense 107 1.3 126 1.4 Miscellaneous 0 .0 44 .5 Garbage 44 .5 44 .5 TOTAL EXPENSES 2,797 33 .2 3,189 36.0 Net Profit(Loss) 5,630 66.8 5,665 64.0 • REC *5EIVED AUG 2 3 MOO Joseph W. Irwin, CPA 6 Sterlington Commons Greenport, NY 11944 Southold Town Clerk (631)-477-3011 (631)-477-9533(fax) August 21, 2000 North Fork Animal Welfare League, Inc. P.O. Box 297 Southold, NY 11971 ACCOUNTANT'S REPORT We have compiled the accompanying statement of financial position of North Fork Animal Welfare League, Inc. (a Non-Profit Corporation) as of June 30, 1999 and 2000 and the related statements of activities for the 6 months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. 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 and statement of cash flows required by generally accepted accounting principles. If the omitted disclosures and statements were included in the financial statements, they might influence the user's conclusions, about the company's financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters. p Aj/Ls • Joseph W. Irwin, CPA • N 0410IMAL WELFARE LEAGUE INC 411EXHIBIT A COMPARATIVE BALANCE SHEET PAGE 1 JUNE 30, 2000 JUNE 30, 1999 ASSETS Cash-SCNB General Checking $ 16,761 $ 5, 078 Cash-NFB Thrift Checking 34,436 26,011 Cash-SCNB General Trust 387,650 346,390 Cash-SCNB Thrift Trust 70,265 67,078 CD-NFB 0 9,034 MM-NFB&T 5,323 5,114 Petty Cash/General 130 130 Petty Cash/Thrift 100 100 Security Deposits 600 600 Prepaid Insurance 4, 880 0 TOTAL ASSETS 520,145 459,535 LIABILITIES Accounts Payable 2,580 1,998 Deferred Income 11,000 10,500 Federal Tax Payable ' 1,375 2, 817 Other Taxes Payable 913 919 State W/H Tax Payable 628 802 Sales Tax Payable 121 399 Employee Health Ins. Payable 0 933 Insurance Payable 0 2,824 TOTAL LIABILITIES 16,617 21,192 FUND BALANCES Fund Balance League 430,172 343, 106 Prior Period Adjustment ( 9,034) 0 Fund Balance Restr. Town ( 110,059) ( 68,492) Fund Balance Restr/Bldg. 100,000 100,000 Fund Balance-Thrift Shop 92,447 63,729 TOTAL FUND BALANCES 503,526 438,343 TOTAL LIABILITIES & EQUITY 520,143 459,535 V • 410N F ANIMAL WELFARE LEAGUE INC Am EXHIBIT B • COMPARATIVE INCOME STATEMENT INV PAGE 1 FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO JUNE 30, 2000 % JUNE 30, 1999 % REVENUES Dues $ 3, 805 2.2 $ 3,425 2.6 Shelter Donations 23,843 14.1 20, 951 15.9 Interest Income-Treasury 2,745 1.6 5,317 4.0 Interest Income 3,711 2.2 0 .0 Dividend Income 3,635 2.1 3,970 3.0 Net Capital Gain (Loss) 13,832 8.2 6,448 4.9 Fund Raising Events 18, 635 11.0 3, 948 3.0 Dogs 100 .1 25 .0 Dogs S-N 200 .1 440 .3 Cats 10,635 6.3 848 .6 Cats S-N 300 .2 355 .3 Memorials 1,318 .8 1,505 1.1 Guardian Angels 0 .0 585 .4 Rabies Clinic • 21 .0 109 .1 Sponsorship Income 1,565 .9 665 .5 Town Contract Income 66,000 39.0 63,000 47.9 Thrift Shop Sales 18,829 11.1 19,886 15.1 Misc. Income 100 .1 0 .0 Total Revenues 169,274 100.0 131,477 100.0 EXPENSES Cat Medical & Supplies 4,752 2.8 5,455 4.1 Cat Food 2,994 1.8 1,388 1.1 Investment Fees 2, 038 1.2 2, 002 1.5 Fund Raising Expenses 4,282 2.5 2,318 1.8 Rent-Thrift 3, 600 2.1 3,600 2.7 Salaries 63,251 37.4 58, 821 44.7 Payroll Taxes 6,010 3.6 6, 933 5.3 Employee Benefits 4,786 2.8 3,663 2.8 Kennel Supplies 12,076 7.1 15,472 11.8 Veternarian Fees 6,294 3.7 6, 918 5.3 Repairs & Maintenance 2,319 1.4 309 .2 Auto Expense 658 .4 735 .6 Travel Expenses 320 .2 0 .0 Telephone 1,398 .8 1,371 1.0 Utilities 5,255 3.1 5,062 3.9 Office Expense 726 .4 706 .5 Insurance 3,000 1.8 3,600 2.7 Advertising 2,735 1.6 5,349 4.1 Professional Fees 225 .1 100 .1 Bookkeeping 3,000 1.8 3, 000 2.3 r r IN F ANIMAL WELFARE LEAGUE INC . EXHIBIT B • COMPARATIVE INCOME STATEMENT PAGE 2 FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO JUNE 30, 2000 % JUNE 30, 1999 % Bank Charges $ 70 .0 $ 150 .1 Miscellaneous 209 .1 2,459 1.9 Garbage 1, 101 .7 1, 139 .9 Postage 959 .6 142 .1 Education Expenses 165 .1 47 .0 TOTAL EXPENSES 132,223 78.1 130,739 99.4 Net Profit(Loss) 37,051 21.9 738 .6 r N F ANIMAL WELFARE LEAGUE INC • COM TIVE DEPARTMENTAL INCOME STATT PAGE 1 League FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO JUNE 30, 2000 % JUNE 30, 1999 % REVENUES Dues $ 3,805 4.5 $ 3,425 7.0 Shelter Donations 23, 843 28.2 20, 951 43.1 Interest Income-Treasury 2,745 3.3 5,317 10.9 Interest Income 3,711 4.4 0 .0 Dividend Income 3,635 4.3 3, 970 8.2 Net Capital Gain (Loss) 13,832 16.4 6,448 13.3 Fund Raising Events 18,635 22.1 3, 948 8.1 Dogs 100 .1 25 .1 Dogs S-N 200 .2 440 .9 Cats 10,635 12.6 848 1.7 Cats S-N 300 .4 355 .7 Memorials 1,318 1.6 1,505 3.1 Guardian Angels ' 0 .0 585 1.2 Rabies Clinic 21 .0 109 .2 Sponsorship Income 1,565 1.9 665 1.4 Misc. Income 100 .1 0 .0 Total Revenues 84,445 100.0 48,591 100.0 EXPENSES Cat Medical & Supplies 4,752 5.6 5,455 11.2 Cat Food 2, 994 3.5 1,388 2.9 Investment Fees 2,038 2.4 2,002 4.1 Fund Raising Expenses 4,282 5.1 2,318 4.8 Salaries 21, 082 25.0 19, 605 40.3 Payroll Taxes 2,003 2.4 2,311 4.8 Employee Benefits 1,595 1.9 1,221 2.5 Kennel Supplies 4,832 5.7 6,551 13.5 Veternarian Fees 6,294 7.5 6,918 14.2 Repairs & Maintenance 713 .8 83 .2 Auto Expense 219 .3 262 .5 Travel Expenses 107 .1 0 .0 Telephone 410 .5 390 .8 Utilities 1,367 1.6 1,156 2.4 Office Expense 179 .2 358 .7 Insurance 1,000 1.2 1,200 2.5 Advertising 2,729 3.2 5,349 11.0 Professional Fees 225 .3 33 .1 Bookkeeping 1,000 1.2 1,000 2.1 Bank Charges 18 .0 50 .1 Miscellaneous 125 .1 1,246 2.6 t • N F ANIMAL WELFARE LEAGUE INC Alb COM TIVE DEPARTMENTAL INCOME STAT NT PAGE 2 League FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO JUNE 30, 2000 $ JUNE 30, 1999 Garbage $ 96 .1 $ 350 .7 Postage 950 1.1 128 .3 Education Expenses 165 .2 47 .1 TOTAL EXPENSES 59,175 70.1 59,421 122.3 Net Profit(Loss) 25,270 29.9 ( 10, 830) 22.3 N F ANIMAL WELFARE LEAGUE INC CO TIVE DEPARTMENTAL INCOME STAIWNT PAGE 1 Town FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO JUNE 30, 2000 % JUNE 30, 1999 % REVENUES Town Contract Income $ 66,000 100.0 $ 63,000 100.0 Total Revenues 66,000 100.0 63,000 100.0 EXPENSES Salaries 42,168 63.9 39,216 62.2 Payroll Taxes 4,007 6.1 4,622 7.3 Employee Benefits 3,190 4.8 2,442 3.9 Kennel Supplies 7,243 11.0 8,920 14.2 Repairs & Maintenance 1, 545 2.3 166 .3 Auto Expense w 438 .7 473 .8 Travel Expenses 213 .3 0 .0 Telephone 820 1.2 779 1.2 Utilities 2,734 4.1 2,312 3.7 Office Expense 352 .5 208 .3 Insurance 2,000 3.0 2,400 3.8 Advertising 6 .0 0 .0 Professional Fees 0 .0 67 .1 Bookkeeping 2, 000 3.0 2,000 3.2 Bank Charges 37 .1 100 .2 Miscellaneous 7 .0 1,162 1.8 Garbage 917 1.4 701 1.1 Postage 9 .0 14 .0 TOTAL EXPENSES 67,686 102.6 65,582 104.1 Net Profit(Loss) ( 1, 686) 2.6 ( 2, 582) 4.1 Z , e N F ANIMAL WELFARE LEAGUE INC - COM TIVE DEPARTMENTAL INCOME STANT PAGE 1 Thrift Shop FOR THE PERIODS JAN. 1, 2000 JAN. 1, 1999 TO TO JUNE 30, 2000 % JUNE 30, 1999 % REVENUES Thrift Shop Sales $ 18, 829 100.0 $ 19, 886 100.0 Total Revenues 18,829 100.0 19, 886 100.0 EXPENSES Rent-Thrift 3,600 19.1 3,600 18.1 Repairs & Maintenance 61 .3 60 .3 Telephone 168 .9 202 1.0 Utilities 1, 155 6.1 1,595 8.0 Office Expense 195 1.0 141 .7 Bank Charges 15 .1 0 .0 Miscellaneous 77 .4 51 .3 Garbage 89 .5 88 .4 TOTAL EXPENSES 5,360 28.5 5,737 28.8 Net Profit(Loss) 13,469 71.5 14,149 71.2