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ANNUAL FINANCIAL REPORT
For Fiscal Year 2007
Covering the Period from January 1, 2007 through
December 31, 2007
Prepared by Sue
Kluk, Arnie Janssen and Hugh Brady
|
Table 1: STATEMENT OF FINANCIAL
POSITION |
|
As of December 31, 2007 |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
$9,002.00 |
|
Prepaid Expenses |
|
|
$0.00 |
|
Equipment |
|
|
$0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
|
$9,002.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND NET ASSETS |
|
|
|
|
|
|
|
|
Accounts Payable |
|
|
$0.00 |
|
Accrued Expenses |
|
|
$0.00 |
|
|
|
|
|
|
|
Net Assets - Unrestricted |
|
$9,002.00 |
|
|
|
|
|
|
|
TOTAL LIABILITIES AND NET
ASSETS |
$9,002.00 |
Table 2: STATEMENT OF ACTIVITIES
|
|
|
For the year ended December
31, 2007
|
|
SUPPORT AND REVENUE |
|
|
|
|
|
|
|
|
|
|
|
Individual Contribuitions |
|
$5,687.00 |
|
|
Fundraisers |
|
|
$1,967.00 |
|
|
Membership Dues |
|
|
$1,725.00 |
|
|
|
|
|
|
|
|
|
TOTAL SUPPORT AND REVENUE |
|
$9,379.00 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
Program Services |
|
|
$1,075.00 |
$1,075.00 |
|
|
|
|
|
|
|
|
Support Services |
|
|
|
|
|
|
Management & General |
$1,145.00 |
|
|
|
Membership |
|
$60.00 |
|
|
|
Fundraising |
|
$0.00 |
|
|
|
Publicity |
|
|
$1,033.00 |
$2,238.00 |
|
|
|
|
|
|
|
|
NAMI Illinois Dues |
|
|
$1,175.00 |
$1,175.00 |
|
|
|
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
$4,488.00 |
|
|
|
|
|
|
|
|
Change in Net Assets |
|
|
$4,891.00 |
|
|
|
|
|
|
|
|
NET ASSETS - Beginning of year |
|
$4,111.00 |
|
|
|
|
|
|
|
|
NET ASSETS - End of year |
|
|
$9,002.00 |
|
Table 3: STATEMENT OF
FUNCTIONAL EXPENSES |
For the
year ended December 31, 2007
|
|
PROGRAM SERVICES |
|
|
Hospitality |
|
$464.00 |
|
Family to Family Class |
$261.00 |
|
Peer to Peer Class |
|
$200.00 |
|
Professional Meetings |
$150.00 |
|
Total |
|
|
$1,075.00 |
|
|
|
|
|
|
|
|
|
|
|
SUPPORT SERVICES |
|
|
Management & General |
|
|
Administrative* |
|
$970.00 |
|
PO Box |
|
|
$128.00 |
|
Technology |
|
$47.00 |
|
Total |
|
|
$1,145.00 |
|
|
|
|
|
|
Fundraising |
|
$0.00 |
|
Membership |
|
$60.00 |
|
Publicity |
|
|
$1,033.00 |
|
Total |
|
|
$1,093.00 |
|
|
|
|
|
|
NAMI Illinois Dues |
|
$1,175.00 |
|
|
|
|
|
|
|
|
|
|
|
*Includes $750 application fee
to IRS
for 501(c)3 tax-exempt status
|
|
Table 4: STATEMENT OF CASH
FLOWS |
AS OF
DECEMBER 31, 2007
|
|
|
CASH FLOWS FROM OPERATING
ACTIVITIES |
|
|
|
|
|
|
|
|
|
Cash -beginning of year |
|
|
$4,111.00 |
|
|
|
|
|
|
|
|
Net Cash Increases from
Operating Activites |
$9,379.00 |
|
|
|
|
|
|
|
|
Less Net Cash used by Operating
Activities |
|
-$4,488.00 |
|
|
|
|
|
|
|
|
Cash - end of year |
|
|
|
$9,002.00 |
|
|
|
|
|
|
|
|
Change in Net Assets |
|
|
$4,891.00 |
NOTES TO FINANCIAL
STATEMENTS
NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
General: NAMI Barrington Area is a nonprofit
organization incorporated under the Illinois General Not-For-Profit
Corporation Act. It is an affiliate of the National Alliance on Mental
Illness and NAMI Illinois.
NAMI Barrington Area is exempt from federal income
taxes under Section 501(c)(3) of the Internal Revenue Code.
Basis of Accounting: The accompanying financial
statements have been prepared on the cash basis of accounting.
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