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Statement of Activities 2004

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.

graphs
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.