2011 Financial Statements - Hindu Temple of Oklahoma

INDIA CULTURAL FOUNDATION
Statement of Financial Position
December 31, 2011
UNAUDITED
Temporarily Permanently 2010
Assets Unrestricted Restricted Restricted Total Total
Cash & Equivalents 225,692 225,692 268,035
Securities 0 0 0
Furniture & Equipment
Furniture & Office Equipment 82,026 82,026 71,640
(Less) Accumulated Depreciation (47,290) (47,290) (35,032)
Real Estate
Land 71,136 71,136 71,136
Buildings 3,126,999 3,126,999 3,126,999
Mobile Home 35,767 35,767 35,767
(Less) Accumulated Depreciation (403,533) (403,533) (324,463)
Deities 48,059 48,059 48,059
TOTAL ASSETS 3,138,855 0 0 3,138,855 0 3,262,140
Liabilities & Net Assets
Payroll Taxes 2,982 2,982 2,882
Insurance Claim Receipts 40,886 40,886 2,882
Notes Payable - Banks 550,965 550,965 712,393
TOTAL LIABILITIES 594,833 0 0 594,833 715,275
Net Assets 2,544,022 0 0 2,544,022 2,546,866
TOTAL LIABILITIES AND NET ASSETS 3,138,855 0 0 3,138,855 3,262,140
The attached notes are an integral part of these financial statements

INDIA CULTURAL FOUNDATION
Statement of Activities
December 31, 2011
UNAUDITED
Temporarily Permanently 2010
Unrestricted Restricted Restricted Total Total
REVENUES
Donations 448,901 448,901 420,977
Interest & Dividends 198 198 0
Realized Gains from Securities Sales 0 0 0
Unrealized Gains on Securities 0 0 0
Various and Sundry 0 0 0
TOTAL REVENUES 449,099 0 0 449,099 420,977
EXPENSES
Program Services
Religious Rites 428,288 428,288 360,360
Donations to Other Charities 6,626 6,626 6,234
Supporting Services
Administration 13,758 13,758 12,586
Fundraising 3,271 3,271 1,397
TOTAL EXPENSES 451,943 0 0 451,943 380,577
Increase (Decrease) in net assets (2,844) 0 0 (2,844) 40,399
Net Assets, beginning of period 2,546,866 0 0 2,546,866 2,506,466
Net Assets, end of period 2,544,022 0 0 2,544,022 2,546,866
The attached notes are an integral part of these financial statements

INDIA CULTURAL FOUNDATION
Statement of Functional Expenses
December 31, 2011
UNAUDITED Program Services Supporting Services Total 2010
Religious Rites Donations to Administration Fundraising Total
Other Charities
Expenses
Equipment and Other Rentals 9,733 0 135 0 9,868 5,241
Repairs and Maintainance 10,109 0 783 0 10,892 13,321
Web Site 926 0 0 0 926 239
Printing 5,278 0 122 1,780 7,180 3,482
Postage & Freight 0 0 1,597 0 1,597 7,436
Insurance 29,868 0 0 0 29,868 10,944
Interest 29,519 0 0 0 29,519 36,200
Bank Charges 757 0 0 0 757 1,077
Appraisal Fees 0 0 0 0 0 0
Supplies 24,118 0 72 0 24,190 15,038
Flowers 6,974 0 0 0 6,974 6,127
Licences & Permits 0 0 0 0 0 17
Dues & Subscriptions 0 0 0 0 0 770
Security 6,910 0 1,316 0 8,226 2,434
Gas & Electric 21,526 0 0 0 21,526 19,001
Telephone 4,612 0 0 0 4,612 4,702
Janitorial 31,363 0 0 0 31,363 30,840
Automotive Expense 1,835 0 0 0 1,835 1,334
Travel, Visiting Priests, Entertainers Expense 11,033 0 0 713 11,746 1,366
Fund Raising Expense 0 0 0 0 0 0
Special Event Expense 3,016 0 0 0 3,016 5,356
Travel 4,927 0 0 0 4,927 6,005
Meals 19,585 0 0 0 19,585 7,611
Legal & Accounting 0 0 6,460 0 6,460 3,675
Contract Services 8,402 0 0 0 8,402 4,187
Payroll, Taxes, Insurance and Retirement Expense 95,046 0 0 0 95,046 80,290
Penalties & Interest 0 0 0 0 0 514
Parsonage Allowance 17,050 0 0 0 17,050 17,700
Youth Group 0 0 0 0 0 0
Various & Sundry 0 0 0 0 0 0
Asset Writeoffs 0 0 0 0 0 0
Donations to other Charities 0 5,050 0 0 5,050 5,139
Total Expenses before Depreciation 342,587 5,050 10,485 2,493 360,615 290,047
Depreciation Expense 85,701 1,576 3,273 778 91,328 90,530
Total Expenses 428,288 6,626 13,758 3,271 451,943 380,577
The attached notes are an integral part of these financial statements

INDIA CULTURAL FOUNDATION
Statement of Cash Flows
December 31, 2011
UNAUDITED
2011 2010
Cash Flows from operating activities
Increase (decrease) in net assets (2,843) 40,399
Add back non cash items 1
Depreciation 91,328 90,530
Increase(decrease) in operating assets: 0 0
Increase(decrease) in operating liabilities:
Payroll Taxes 100 694
Insurance Proceeds Received not yet used 40,885
Net cash provided by operating activities 129,471 131,623
Cash flows from investing activities:
Purchase of fixed assets (10,386) (29,367)
Cash flows from financing activities: (161,428) (34,746)
Net increase (decrease) in cash (42,343) 67,511
Cash and equivalents, beginning of period 268,035 200,524
Cash and equivalents, end of period 225,692 268,035
The attached notes are an integral part of these financial statements