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STATEMENT OF ACTIVITIES
For the year ending December 31, 2004
 |
|
OPERATING REVENUE, GAINS & OTHER SUPPORT
|
| Contributions, grants and memberships received |
$ 1,382,926 |
| Change in contributions receivable |
227,500 |
| Events |
453,614 |
| Merchandise and other revenues |
88,773 |
| Investment income |
662,964 |
| Investment expense |
(43,279) |
|
|
TOTAL OPERATING REVENUE, GAINS & OTHER SUPPORT |
$ 2,772,498 |
|
|
OPERATING EXPENSES |
| Program Services | |
| Resource preservation & protection |
$ 1,204,561 |
| Education and outreach |
228,445 |
| Total Program Services |
$ 1,433,006 |
| Supporting Services | |
| Development, fundraising and membership |
$ 216,711 |
| Management and general |
82,601 |
| Total Supporting Services |
$ 299,312 |
|
| TOTAL OPERATING EXPENSES |
$ 1,732,318 |
|
| CHANGE IN NET ASSETS FROM OPERATIONS |
$ 1,040,180 |
|
| NON-OPERATING GAIN (LOSS) |
| Investment Income |
$851,504 |
| Gain on Stock Sales |
2,365 |
| TOTAL NON-OPERATING GAIN |
$ 853,869 |
|
| TOTAL CHANGE IN NET ASSETS |
$1,894,049 |
|
| NET ASSETS |
| Beginning of year |
$ 14,624,666 |
| End of year |
$ 16,518,715 |
|
NOTES TO FINANCIAL STATEMENTS
Friends of Acadia is a nonprofit, tax exempt organization under Section 501(c)(3) of the Internal
Revenue Code, a publicly supported organization as defined by Section 170(b) A-6. Contributions are
tax deductible to the extent provided by law. The six-year average of fundraising cost is 5.51%.
An independent auditor's report is available upon request.
|
| | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | Total |
| TOTAL OPERATINGREVENUE |
8,815,755 |
2,030,952 |
1,595,933 |
1,330,302 |
2,205,336 |
2,772,498 |
$18,749,286 |
| FUNDRAISING EXPENSES |
202,338 |
177,271 |
151,927 |
134,679 |
150,141 |
216,711 |
$1,033,013 |
| FUNDRAISING AS A % OF TOTAL REVENUE |
2.30% |
8.73% |
9.52% |
10.12% |
6.81% |
7.82% |
5.51% |
| All figures are derived from audited financials, not IRS Form 990. |
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