 |
STATEMENT OF ACTIVITIES
For the year ending December 31, 2003
 |
|
OPERATING REVENUE, GAINS & OTHER SUPPORT |
| Contributions, grants and memberships received |
$ 1,278,406 |
| Change in contributions receivable |
25,142 |
| Events |
265,415 |
| Merchandise and other revenues |
65,905 |
| Investment income |
622,727 |
| Investment expense |
(52,000) |
| Loss on disposal of equipment |
(259) |
|
|
TOTAL OPERATING REVENUE, GAINS & OTHER SUPPORT |
$ 2,205,336 |
|
|
OPERATING EXPENSES |
| Program Services | |
| Resource preservation & protection |
$ 922,228 |
| Education and outreach |
242,395 |
| Total Program Services |
$ 1,164,623 |
| Supporting Services | |
| Development, fundraising and membership |
$ 150,141 |
| Management and general |
92,838 |
| Total Supporting Services |
$ 242,979 |
|
| TOTAL OPERATING EXPENSES |
$ 1,407,602 |
|
| CHANGE IN NET ASSETS FROM OPERATIONS |
$ 797,734 |
|
| NON-OPERATING GAIN (LOSS) |
| Investment Income |
$2,018,100 |
| Loss on Stock Sales |
(2,190) |
| Decrease in provision for uncollectible pledges |
8,800 |
| TOTAL NON-OPERATING GAIN |
$ 2,024,710) |
|
| TOTAL CHANGE IN NET ASSETS |
$2,822,444 |
|
| NET ASSETS |
| Beginning of year |
$ 11,802,222 |
| End of year |
$ 14,624,666 |
|
|
NOTES TO FINANCIAL STATEMENTS
Friends of Acadia is a nonprofit, tax exempt organization under Section 501(c)(3) of the Internal
RevenueCode,a publicly supported organizationas definedbySection170(b)A-6. Contributions are
tax deductible to the extent provided by law. The five-year average of fundraising cost is 5.11%.
An independent auditor's report is available upon request.
|
| | 1999 | 2000 | 2001 | 2002 | 2003 | Total |
| TOTAL OPERATINGREVENUE | 8,815,755 | 2,030,952 | 1,595,933 |
1,330,302 | 2,205,336 | $15,978,278 |
| FUNDRAISING EXPENSES | 202,338 | 177,271 | 151,927 | 134,679 | 150,141 | $816,302 |
| FUNDRAISING AS A % OF TOTAL REVENUE | 2.30% | 8.73% | 9.52% | 10.12% | 6.81% | 5.11% |
| All figures are derived from audited financials, not IRS Form 990. |
|
|
|
|
|
