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Financial Statements
Pennsylvania Credit Union Foundation, Inc.
Balance Sheet
December 31, 2010 (unaudited)
| CURRENT ASSETS |
CASH EQUIVALENTS UNRESTRICTED
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Mid-Atlantic S1 (Share Draft)
Mid-Atlantic S4 (Overnight Inv)
Members 1st Operating Share Draft
Members 1st - Savings
CDs
|
$2,014.31
165,513.23
72,480.26
2,251.20
377,927.64 |
Total Cash Equivalents Unrestricted
|
$620,186.64 |
| CASH EQUIVALENTS RESTRICTED |
Members 1st - Restric. Share Draft
Members 1st - Restric. Savings |
$28,604.90
25.00 |
| Total Cash Equivalents Restricted |
$28,629.90 |
| RECEIVABLES |
Total Receivables
|
$0.00 |
OTHER CURRENT ASSETS
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| Prepaid Insurance |
$728.00 |
| Total Other Current Assets |
$728.00 |
| TOTAL ASSETS |
$649,544.54 |
| LIABILITIES & FUND BALANCE |
| LIABILITIES |
Accounts Payable
Restricted Funds (In/Out)
Future Salary Payable
I/C Due to PSI
I/C Due to PCUA |
$5,400.00
28,600.00
4,800.00
43.27
4,655.44 |
| Total Accounts Payable |
$43,498.71 |
| TOTAL LIABILITIES |
$43,498.71 |
| FUND BALANCE |
| Fund Balance - General |
$557,215.15 |
| TOTAL FUND BALANCE |
$557,215.15 |
| NET GAIN OR (LOSS) |
$48,830.68 |
| TOTAL LIABILITIES & FUND BALANCE |
$649,544.54 |
Consolidated Statement of Revenue & Disbursements
December 31, 2010 (unaudited)
REVENUE
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| Investments/Interest |
$4,203.42 |
| Total Investment Income |
$4,203.42 |
Direct Contributions
Special Events Contributions
Promotional Contributions
Major Contributor
Employee Contributions
CIF
Advertising
Special Events Sponsors |
$6,195.00
20,449.98
0
144,092.00
7,319.88
19,661.13
2,065.00
31,050.00 |
| Total Operating Income |
$230,832.99 |
TOTAL REVENUE
|
$235,036.41 |
| OPERATING EXPENSES |
Personnel Costs
Travel
Training
Governance Expenses
Professional Services
Telephone
Postage
Supplies & Services
Marketing Expense
Fundraising Expense
Operational Expense
Other/Misc Expense |
$48,603.76
1,226.76
0.00
1,566.76
4,650.00
0.00
1,305.72
123.76
1,749.00
9,711.32
122.00
501.66 |
| TOTAL OPERATING EXPENSES |
$69,560.74 |
| OPERATING GAIN (LOSS) |
$165,475.67 |
| NON-OPERATING EXPENSES |
|
Project Grants
Disaster Relief Grants |
$113,329.99
3,200.00 |
| Total Non-Operating Expenses |
$116,529.99 |
Net Gain (Loss) Before Taxes
|
$48,945.68 |
| Corporate Tax |
$115.00 |
| Net Gain (Loss) After Taxes |
$48,830.68 |
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
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