Statement of Activity For the Period Ended December 31, 2017 SUPPPORT: Grants and donations Fees
ABOVE AND BEYOND FAMILY RECOVERY CENTER
Statement of Financial Position DECEMBER 31, 2017
Expenses at a Glance
$ 1,333,638 51,325 $ 1,384,963
EXPENSES: Salaries and benefits Direct program expenses Fundraising Events Occupancy Information technology Training Office expenses Insurance Advertising Depreciation Professional fees Travel Real Estate Taxes Donations Other
604,976 160,719 62,796 47,229 36,486 22,293 131,452 20,604 54,618 68,501 4,878 20,854 7,019 1,520 1,860 $ 1,245,805
Support over expenses from operations
139,158
Interest expense
27,416
Net assets, beginning of year
175,345
Net assets, end of year
$
287,087
$
171,118 8,232 2,725 4,178 186,253
Program Expenses: 92%
Assets Current Assets Cash Accounts recievabel Employee pay advance Prepaid expenses
Management and General Expenses: 8% Fundraising Expenses: 0%
Fixed Assets Building and improvements Furniture and fixtures Accumulated depreciation
1,027,393 108,745 (151,248) 984,890 $ 1,171,143
Liabilities and Net Assets
OUR FISCAL POLICY Above and Beyond employs an Office Manager who is a capable fiscal agent who will be CPA Liscensed by our audit next year in addition to being a current practicing attorney in the State of Illinois. This said to fortify trust in the notion that we are responsible administrators of the gifts that are bestowed upon us by our donors. In addition, we follow the criteria developed and used by Charity Navigator, so that when our initial three years of existence, which they require prior to evaluation, has been satisfied, we will register in their top category as a “Four Star Charity”. This will assist intelligent givers, when they select a charity to support, to be guaranteed of our:
Current liabilities Accured interest Accured real estate taxes Accured payroll Total current liabilities Long term debt Bank loan Total liabilities Net Assets Unrestricted Net Assets
$
2,664 8,868 22,524 34,056 850,000 884,056
287,087 $ 1,171,143
• Financial Health, • Accountability, • Transparency. 2017 Annual Report | 9
