|
|
Financial Statements
Pennsylvania Credit Union Foundation, Inc.
Balance Sheet
December 31, 2011 (unaudited)
| CURRENT ASSETS |
CASH EQUIVALENTS UNRESTRICTED
|
|
Mid-Atlantic S1 (Share Draft)
Mid-Atlantic S4 (Overnight Inv)
Members 1st Operating Share Draft
Members 1st - Savings
CDs
|
$3,728
110,707
121,877
2,256
302,791 |
Total Cash Equivalents Unrestricted
|
$541,359 |
| CASH EQUIVALENTS RESTRICTED |
Members 1st - Restric. Share Draft
Members 1st - Restric. Savings |
$10,288
25 |
| Total Cash Equivalents Restricted |
$10,313 |
| RECEIVABLES |
Total Receivables
|
$0 |
OTHER CURRENT ASSETS
|
|
| Prepaid Insurance |
$728 |
| Total Other Current Assets |
$728 |
| TOTAL ASSETS |
$552,400 |
| LIABILITIES & FUND BALANCE |
| LIABILITIES |
Accounts Payable
Restricted Funds (In/Out)
Future Salary Payable
I/C Due to PSI
I/C Due to PCUA |
$4,800
10,262
4,900
199
4,366 |
| Total Accounts Payable |
$24,527 |
| TOTAL LIABILITIES |
$24,527 |
| FUND BALANCE |
| Fund Balance - General |
$606,046 |
| TOTAL FUND BALANCE |
$606,046 |
| NET GAIN OR (LOSS) |
($78,173) |
| TOTAL LIABILITIES & FUND BALANCE |
$552,400 |
Consolidated Statement of Revenue & Disbursements
December 31, 2011 (unaudited)
REVENUE
|
Investments/Interest
Direct Contributions
Special Events Contributions
Major Contributor
Employee Contributions
CIF
Advertising
Special Events Sponsors
Miscellaneous |
$4,818
1,266
21,122
131,401
7,152
11,679
2,445
36,090
5,250 |
TOTAL REVENUE
|
$221,223 |
| EXPENSES |
Personnel Costs
Travel
Training
Governance Expenses
Professional Services
Telephone
Postage
Supplies & Services
Researcj & Development
Marketing Expense
Fundraising Expense
Operational Expense
Miscellaneous Expense |
$45,741
1,855
1,022
2,104
4,800
273
3,112
0
9,216
1,804
10,812
164
373 |
| TOTAL OPERATING EXPENSES |
$81,276 |
| OPERATING GAIN (LOSS) |
$139,947 |
| NON-OPERATING EXPENSES |
|
Project Grants
Disaster Relief Grants |
$111,120
107,000 |
| Total Non-Operating Expenses |
$218,120 |
Net Gain (Loss) Before Taxes
|
($78,173) |
| Corporate Tax |
$0 |
| Net Gain (Loss) After Taxes |
($78,173) |
For more information about the Foundation, call or e-mail Joseph Wambach, Executive Director at 800-932-0661, ext. 5244, or write:
Pennsylvania Credit Union Foundation
4309 North Front Street
Harrisburg, PA 17110
|
- Foundation
- Board of Directors
- Donors
- Faces of the Foundation
- Grants
- Grant Criteria
- Haiti Project
- Project Successes
- Reports
- Statements
- Student Branches
- Comments
- Board Access
|