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Statement of Activities 2001

STATEMENT OF ACTIVITIES
For the year ending December 31, 2001


OPERATING REVENUE, GAINS & OTHER SUPPORT
Contributions, membership gifts and grants received $ 1,861,760
Change in contributions receivable (1,127,654)
Events 360,768
Merchandise and other revenues 18,936
Investment income 526,53
Investment expense (44,414)

TOTAL OPERATING REVENUE, GAINS & OTHER SUPPORT $ 1,595,933

OPERATING EXPENSES
Program Services
     Resource preservation & protection $ 754,827
     Education and outreach 424,766
Total Program Services $ 1,179,593
Supporting Services
     Development, fundraising and membership $ 51,927
     Management and general 88,288
Total Supporting Services $ 240,215

CHANGE IN NET ASSETS FROM OPERATIONS $ 176,125

NON-OPERATING INCOME
     Investment Income (Loss) $(1,353,374)
     Loss on Stock Sales (5,685)
     Loss on Disposal of Equipment (1,490)
Decrease in provision for uncollectible pledges 34,000
TOTAL NON-OPERATING INCOME $ (1,326,549)

TOTAL CHANGE IN NET ASSETS $(1,150,424)

NET ASSETS
     Beginning of year $ 14,896,396
     End of year $ 13,745,972

 

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 the law.

The Statement of Activity and Change in Net Assets in drawn from audited financial statements by Berry, Dunn, McNeil & Parker, Certified Public Accountants.

 

Unrestricted Gifts Received
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FUNDRAISING EXPENSES 1997 1998 1999 2000 2001 Total
TOTAL REVENUE $838,157 $1,070,627 $8,815,755 $2,030,952 $1,595,933 $14,351,424
FUNDRAISING 48,251 59,448 202,338 177,271 151,927 639,181
FUNDRAISING AS A % OF TOTAL REVENUE 5.76% 5.55% 2.30% 8.73% 9.52% 4.45%

 

All figures are derived from audited financials, not IRS Form 990.