XYZ NONPROFIT CORPORATION

BALANCE SHEET
2002 (A)
2003 (A)
ASSETS
Current assets
Cash
Investments
Accounts Receivables, net
Prepaid expense
Total Current Assets
Property and equipment, net
Land
Furniture and equipment
Leasehold improvements
Total property and equipment
TOTAL ASSETS

2004 (A)

$2,576.00
$12,000.00
$88,764.00
$956.00
$104,296.00

$20,904.00
$86,971.00
$12,000.00
$12,000.00
$47,884.00 $199,905.00
$1,270.00
$4,026.00
$82,058.00 $302,902.00

$192,300.00
$59,135.00
$35,539.00
$286,974.00

$193,372.00 $193,372.00
$61,053.00
$92,267.00
$23,380.00 $110,463.00
$277,805.00 $396,102.00

$391,270.00

$359,863.00 $699,004.00

$74,826.00
$57,888.00
$6,303.00
$0.00
$139,017.00

$39,951.00 $104,201.00
$45,954.00
$66,359.00
$8,070.00 $166,161.00
$0.00
$312.00
$93,975.00 $337,033.00

LIABILITIES AND NET ASSETS

LIABILITIES
Current liabilities
Accounts payable
Accrued payroll and related liabilities
Note payable (current portion)
Capital lease obligation (current portion)
Total current liabilities
Note payable (long term)
Capital lease obligation (long term)

$0.00
$171,229.00

$0.00
$166,004.00

Total liabilities

$310,246.00

$259,979.00 $338,937.00

NET ASSETS
Unrestricted
Temporarily restricted

($38,418.00) ($105,127.00) $27,202.00

$119,442.00 $205,011.00 $332,865.00

Total net assets

TOTAL LIABILITIES AND NET ASSETS

$1,904.00
$0.00

$81,024.00

$99,884.00 $360,067.00

$391,270.00

$359,863.00 $699,004.00

XYZ NON-PROFIT CORPORATION

INCOME STATEMENT
2002 (A)
2003 (A)
Revenue
Grant Income
Customer Fees
Other
Interest
Total Revenue
Expenses
Program services
Payroll and benefits
Supplies
Rent and Utilities
Telephone
Other
Management and other
Total Expenses
Excess revenues of expenses
Customer Count

2004 (A)

$617,169.00
$506,788.00
$39,567.00
$1,541.00

$632,889.00
$579,824.00
$31,362.00
$186.00

$1,078,837.00
$1,004,874.00
$107,370.00
$162.00

$1,165,065.00

$1,244,261.00

$2,191,243.00

$417,004.00
$125,101.20
$150,000.00
$24,000.00
$117,903.00
$351,000.00

$520,069.00
$171,622.77
$150,000.00
$24,000.00
$79,888.00
$371,101.00

$915,787.20
$320,525.52
$150,000.00
$24,000.00
$115,999.00
$445,819.00

$1,185,008.00

$1,316,681.00

$1,972,131.00

($19,943.00)

($72,420.00)

5962

6821

$219,112.00
11822

AXIA COLLEGE MATERIAL: APPENDIX D

XYZ NONPROFIT CORPORATION
STATEMENT OF CASH FLOW
2002 (A)

2003 (A)

2004 (A)

CASH FLOW FROM OPERATING ACTIVITIES

Excess revenues over expenses

($19,943.00) ($72,420.00) $219,112.00

Adjustments to reconcile cash provided (used) in operations

Depreciation
Decrease (increase) in accounts receivable
Decrease (increase) in prepaid expenses
Increase (decrease) in accounts payable
Increase (decrease) in accrued payroll and related expenses
Decrease (increase) in other assets

$21,311.00
$26,396.00
$36,452.00
($38,475.00) $132,160.00 ($110,950.00)
$307.00
($314.00)
($2,640.00)
$41,755.00 ($34,875.00) $64,250.00
$5,976.00 ($11,934.00) $20,405.00
$0.00
$0.00
($116.00)

Net cash provided (used) in operations

$10,931.00

$39,013.00

$226,513.00

CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of capital items

($248,787.00) ($17,227.00) ($154,649.00)

Net cash used by investing activities

($248,787.00) ($17,227.00) ($154,649.00)

CASH FLOW FROM FINANCING ACTIVITIES

Net proceeds from refinancing of loan
Decrease in loans
Capital lease obligations
Principle payments on capital lease obligation

$180,000.00
($2,468.00)
$0.00
$0.00

$3,539.00
($6,997.00)
$0.00
$0.00

$0.00
($7,913.00)
$2,243.00
($127.00)

Net cash provided (used) in financing activities

$177,532.00

($3,458.00)

($5,797.00)

Net increase (decrease) in cash

($60,324.00)

$18,328.00

$66,067.00

$62,900.00

$2,576.00

$20,904.00

$2,576.00

$20,904.00

$86,971.00

Cash, beginning of year

Cash, end of year