Balance Sheet

6:22 PM 12/27/09	Wings of Hope, Inc.  Balance Sheet
Accrual Basis	As of December 27, 2009

Dec 27, 09
ASSETS
Current Assets
Checking/Savings
Checking - United Bank	2,679.67
PayPal	1,037.5
Total Checking/Savings	3,717.19
Total Current Assets	3,717.19
TOTAL ASSETS	3,717.19
LIABILITIES & EQUITY
Equity
Opening Bal Equity	992.14
Retained Earnings	3,400.03
Net Income	-674.98
Total Equity	3,717.19
TOTAL LIABILITIES & EQUITY	3,717.19

Profit & Loss

2:24 PM 12/27/09	Wings of Hope, Inc.  Profit & Loss
Accrual Basis	January through December 31, 2008

Jan - Dec 09
Ordinary Income/Expense
Income
Auction
Auction - Revenue	2,948.00
Total Auction	2,948.00
Contributed support
Gifts in kind - goods	4,593.00
Indiv/business contribution	233.16
Total Contributed support	4,826.16
Total Income	7,774.16
Expense
Business expenses
Bank Fees	21.26
Organizational (corp) expenses	50.00
Total Business expenses	71.26
Misc expenses
Web expenses	109.45
Total Misc expenses	109.45
Non-personnel expenses
Donated materials & supplies	4,593.00
Postage, shipping, delivery	271.85
Rental Expense	1,145.50
Supplies	511.23
Total Non-personnel expenses	6,521.58
Other personnel expenses
Accounting fees	800.00
Professional fees - other	340.00
Travel Expense	606.85
Total Other personnel expenses	1,746.85
Total Expenses	8,449.14
Net Ordinary Income	-674.98
NET INCOME	-674.98