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Statement of Activities 2003

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.


graphs
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.