Now I'm no accountant but even I can see something is not quite right with these numbers ie: they earned $41,937 and they're expenses were $31,726 what happened to the missing $10,000?
Revenue and Expenses
Fiscal Year 2015
Fiscal Year 2015
Source: Self-reported by organization
Revenue | |
---|---|
Contributions, Grants, Gifts | $40,646 |
Program Services | $0 |
Membership Dues | $1,233 |
Special Events | $0 |
Other Revenue | $0 |
Total Revenue | $41,937 |
Expenses | |
---|---|
Program Services | $29,482 |
Administration | $2,244 |
Fundraising | $0 |
Payments to Affiliates | $0 |
Other Expenses | $0 |
Total Expenses | $31,726 |
Balance Sheet
Fiscal Year 2015
Source: Self-reported by organization
Assets | |
---|---|
Total Assets | $19,003 |
Liabilities | |
---|---|
Total Liabilities | $19,003 |
Fund Balance (EOY) | |
---|---|
Net Assets | $10,210 |
Ah there it is listed in "net assets" and the "Program Services" how did they go......
FUNDING NEEDS
Program description
As you can see they spent over $29,000 dollars on programs but as you can see no real explanation as to where it went "program services" and the programs helped no one ?
Aren't non profit organizations required to keep this type of paperwork up to date by law the tax office calls it "reporting".
It lists "population served" as "none" but that's not completely accurate as I'm sure the ex phone psychic in charge is enjoying her bounty of wine and such.....
more to come.....
No comments:
Post a Comment