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STATEMENT OF ACTIVITIES
For the year ending December 31, 2002
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|
OPERATING REVENUE, GAINS & OTHER SUPPORT |
| Contributions, membership gifts and grants received |
$ 1,010,829 |
| Change in contributions receivable |
(144,201) |
| Events |
249,008 |
| Merchandise and other revenues |
21,267 |
| Investment income |
239,747 |
| Investment expense |
(46,348) |
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TOTAL OPERATING REVENUE, GAINS & OTHER SUPPORT |
$ 1,330,302 |
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OPERATING EXPENSES |
| Program Services | |
| Resource preservation & protection |
$ 597,718 |
| Education and outreach |
370,515 |
| Total Program Services |
$ 968,233 |
| Supporting Services | |
| Development, fundraising and membership |
$ 134,679 |
| Management and general |
90,373 |
| Total Supporting Services |
$ 225,052 |
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| TOTAL OPERATING EXPENSES |
$ 1,193,285 |
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| CHANGE IN NET ASSETS FROM OPERATIONS |
$ 137,017 |
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| NON-OPERATING INCOME (EXPENSE) |
| Investment Loss |
$(2,070,017) |
| Loss on Stock Sales |
(1,750) |
| Decrease in provision for uncollectible pledges |
(9,000) |
| NET NON-OPERATING INCOME |
$ (2,080,767) |
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| TOTAL CHANGE IN NET ASSETS |
$(1,943,750) |
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| NET ASSETS |
| Beginning of year |
$ 13,745,972 |
| End of year |
$ 11,802,222 |
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NOTES TO FINANCIAL STATEMENTS
Friends of Acadia is a nonprofit, tax exempt organization under Section 501(c)(3) of the Internal
RevenueCode,a publiclysupportedorganizationas definedbySection170(b)A-6. Contributions are
tax deductible to the extent provided by law. The five-year average of fundraising cost is 4.89%.
An independent auditor's report is available upon request.
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1998 | 1999 | 2000 | 2001 | 2002 | Total |
| TOTAL REVENUE | $1,070,627 | $8,815,755 | $2,030,952 | $1,595,933 |
$1,330,302 | $14,843,569 |
| FUNDRAISING EXPENSES | 59,448 | 202,338 | 177,271 | 151,927 | 134,679 | 725,609 |
| FUNDRAISING AS A % OF TOTAL REVENUE | 5.55% | 2.30% | 8.73% | 9.52% | 10.12% | 4.89% |
| All figures are derived from audited financials, not IRS Form 990. |
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