|
Financials
Tubman Family Alliance
Statements of Financial Position
December 31, 2004 and 2003
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ASSETS
| CURRENT ASSETS |
2004 |
2003 |
| Cash and cash equivalents |
201,198 |
1,001,199 |
| Investments |
95,209 |
71,518 |
| Inventory |
15,037 |
14,900 |
| Pledges and grants receivable |
1,025,727 |
799,513 |
| Prepaid expenses |
77,642 |
76,215 |
| Total Current Assets |
1,414,813 |
1,963,345 |
| |
|
|
| PROPERTY AND EQUIPMENT |
6,264,091 |
6,153,135 |
| |
|
|
| TOTAL ASSETS |
$ 7,678,904 |
$ 8,116,480 |
LIABILITIES AND NET ASSETS
| CURRENT LIABILITIES |
|
|
| Accounts payable |
$86,388 |
$100,692 |
| Accrued salaries and benefits |
257,570 |
362,390 |
| Accrued expenses |
1,793 |
1,818 |
| Refundable advances |
175,864 |
6,938 |
Current maturities of capital lease
obligations |
|
|
| Total Current Liabilities |
541,431 |
471,838 |
| |
|
|
| LONG-TERM LIABILITIES |
|
|
| Long-term debt |
698,099 |
698,099 |
| Accrued interest |
65,753 |
58,772 |
| Deferred loan agreements |
673,465 |
673,465 |
| Capital lease obligation, less current maturities |
85,875 |
- |
| Total Long-Term Liabilities |
1,523,192 |
1,430,336 |
| Total Liabilities |
2,064,623 |
1,902,174 |
| |
|
|
| NET ASSETS |
|
|
| Unrestricted, undesignated |
974,055 |
1,417,895 |
| Designated for shelter support |
130,000 |
130,000 |
| Designated for cash flow reserve |
427,075 |
377,339 |
| Designated for repair and replacement reserve |
73,123
|
175,296 |
| Total Unrestricted |
1,604,253 |
2,100,530 |
| Temporarily restricted |
3,971,082 |
4,074,830 |
| Permanently restricted |
38,946 |
38,946 |
| Total Net Assets |
5,614,281 |
6,214,306 |
| |
|
|
TOTAL LIABILITIES AND NET ASSETS |
$7,678,904 |
$8,116,480 |
| |
|
|
|
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