Wings of Hope
Financial Reports
|
Balance Sheet
As of December 31, 2007
|
Dec 31, 07 |
| ASSETS |
|
 Current Assets |
|
| Checking/Savings |
|
| Checking - United Bank |
655.96
|
| Paypal |
1,814.82
|
| Total Checking/Savings |
2,470.78
|
| Total Current Assets |
2,470.78
|
| TOTAL ASSETS |
2,470.78
|
|
|
| LIABILITIES & EQUITY |
|
| Equity |
992.14
|
| Opening Bal Equity |
992.14
|
| Net Income |
1,478.64
|
| Total Equity |
2,470.78
|
| TOTAL LIABILITIES & EQUITY |
2,470.78
|
Profit & Loss
January through December 2007
|
Jan - Dec 07
|
| Ordinary Income/Expense |
|
| Income |
|
| Contributed support |
|
| Gifts in kind - goods |
1,095.00
|
| Total Contributed support |
1,095.00
|
|
|
| Earned revenues |
|
| Miscellaneous revenue |
0.29
|
| Total Earned revenues |
0.29
|
|
|
| Special events |
|
| Special events - gift revenue |
1,525.00
|
| Special events - non-gift rev |
2,285.00
|
| Total Special events |
3,810.00
|
|
|
| Total Income |
4,905.29
|
|
|
| Expense |
|
| Business expenses |
|
| Bank Fees |
60.18
|
| Organizational (corp) expenses |
70.00
|
| Total Business expenses |
130.18
|
|
|
| Misc expenses |
|
| Outside computer services |
100.00
|
| Total Misc expenses |
100.00
|
|
|
| Non-personnel expenses |
|
| Donated materials & supplies |
2,595.00
|
| Postage, shipping, delivery |
101.47
|
| Total Non-personnel expenses |
2,696.47
|
|
|
| Other personnel expenses |
|
| Accounting fees |
500.00
|
| Total Other personnel expenses |
500.00
|
|
|
| Total Expense |
3,426.65
|
|
|
| Net Ordinary Income |
1,478.64
|
|
|
| Net Income |
1,478.64
|
|
|
