2015 FINANCIAL INFORMATION
Source of Funds
Contributions 20,235
Program Income 25,899
Other Income 884
Total Income $47,018
The $2,393.00 difference between Income and Expenses for Explosion of Kindness is inventory on hand that has not been shipped out the door at the end of the year. If you look below you can see that printing cost (signs) in the Explosion of Kindness program was $9,790 for the year 2015. However, the actual cost we paid out to print the signs in 2015 was $11,666.44. In accrual accounting, the cost does not get counted as an expense until the inventory item is shipped or delivered.
Expenses
Program Expenses 37,472
Fundraising Expenses 3551
Admin Expenses 3,655
Total Expenses $44,678
Income in Excess of Expenses 2340*
Net Assets Beginning of Year 554
Net Assets End of Year $2,894
Total Liabilities $4,857
