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Financial Statements
Pennsylvania Credit Union Foundation, Inc.
Balance Sheet
December 31, 2009
| 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
|
$3,109.63
243,186.21
74,822.22
2,225.79
250,122.30 |
Total Cash Equivalents Unrestricted
|
$573,478.44 |
| CASH EQUIVALENTS RESTRICTED |
Members 1st - Restric. Share Draft
Members 1st - Restric. Savings |
$64.41
32.61 |
| Total Cash Equivalents Restricted |
$97.02 |
| RECEIVABLES |
| Interest Receivable |
59.34 |
Total Receivables
|
$59.34 |
OTHER CURRENT ASSETS
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| Prepaid Insurance |
$728.00 |
| Total Other Current Assets |
$728.00 |
| TOTAL ASSETS |
$574,362.80 |
| LIABILITIES & FUND BALANCE |
| LIABILITIES |
Accounts Payable
Future Salary Payable
I/C Due to PSI
I/C Due to PCUA |
$4,500.00
5,200.00
115.42
7,332.23 |
| Total Accounts Payable |
$17,147.65 |
| TOTAL LIABILITIES |
$17,147.65 |
| FUND BALANCE |
| Fund Balance - General |
$594,664.24 |
| TOTAL FUND BALANCE |
$594,664.24 |
| NET GAIN OR (LOSS) |
($37,449.09) |
| TOTAL LIABILITIES & FUND BALANCE |
$574,362.80 |
Statement of Revenue & Disbursements
December 31, 2009
REVENUE
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| Investments/Interest |
$2,828.34 |
| Total Investment Income |
$2,828.34 |
Direct Contributions
Special Events Contributions
Promotional Contributions
Major Contributor
Employee Contributions
CIF
Advertising
Special Events Sponsor |
$12,728.00
19,664.27
0
131,230.00
6,546.80
21,101.62
1,745.00
26,925.00 |
| Total Operating Income |
$219,940.69 |
TOTAL REVENUE
|
$222,769.03 |
| OPERATING EXPENSES |
Personnel Costs
Travel
Training
Governance Expenses
Professional Services
Telephone
Postage
Supplies & Services
Marketing Expense
Fundraising Expense
Other/Misc Expense |
$48,585.40
2,658.94
155.00
2,209.74
6,390.00
36.70
1,453.41
265.77
3,129.22
12,034.97
209.97 |
| TOTAL OPERATING EXPENSES |
$77,129.12 |
| OPERATING GAIN (LOSS) |
$145,639.91 |
| NON-OPERATING EXPENSES |
|
Project Grants
Disaster Relief Grants |
$182,992.00
0.00 |
| Total Non-Operating Expenses |
$182,992.00 |
Net Gain (Loss) Before Taxes
|
($37,352.09) |
| Corporate Tax |
$97.00 |
| Net Gain (Loss) After Taxes |
($37,449.09) |
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- Foundation
- Board of Directors
- Faces of the Foundation
- Reports
- Statements
- Grants
- Grant Criteria
- Donors
- Project Successes
- Student Branches
- Comments
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