2005 Annual Report - Parents Television Council
2005 Annual Report - Parents Television Council
2005 Annual Report - Parents Television Council
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<strong>2005</strong> STATEMENT<br />
OF FINANCIAL ACTIVITY<br />
PARENTS TELEVISION COUNCIL<br />
STATEMENT OF ACTIVITY AND CHANGES IN NET ASSETS*<br />
Year Ended December 31, <strong>2005</strong><br />
Temporarily Total<br />
Unrestricted Restricted <strong>2005</strong><br />
Revenue and Support<br />
Contributions $3,545,481 $785,039 $4,330,520<br />
Rental and Other 106,363 –– 106,363<br />
Investment Income 66,955 –– 66,955<br />
Net Assets Released<br />
from Restrictions 554,888 (554,888) ––<br />
Total Revenue and Support $4,273,687 $230,151 $4,503,838<br />
Program Services Expenses<br />
Research and Publications $1,413,299 –– $1,413,299<br />
Grassroots and Membership 621,977 –– 621,977<br />
Corporate Programs and<br />
Industry Affairs 915,883 –– 915,883<br />
Total Program Services $2,951,159 –– $2,951,159<br />
Support Services Expenses<br />
Resource Development $778,511 –– $778,511<br />
Management and General 363,781 –– 363,781<br />
Total Support Services $1,142,292 –– $1,142,292<br />
Total Expenses $4,093,451 –– $4,093,451<br />
Change in Net Assets 180,236 230,151 410,387<br />
Net Assets, Beginning of Year 1,791,781 171,733 1,963,514<br />
Net Assets, End of Year $1,972,017 $401,884 $2,373,901<br />
PARENTS TELEVISION COUNCIL<br />
STATEMENT OF FINANCIAL POSITION*<br />
December 31, <strong>2005</strong><br />
ASSETS<br />
Current Assets<br />
Cash and Cash Equivalents $ 1,076,157<br />
Pledges Receivable 140,885<br />
Prepaid Expenses 17,365<br />
Total Current Assets 1,234,407<br />
Investments 1,292,704<br />
Property and Equipment - net 84,389<br />
Deposits 11,242<br />
Total Assets $2,622,742<br />
LIABILITIES AND NET ASSETS<br />
Current Liabilities<br />
Accounts Payable $ 96,803<br />
Accrued Expenses 108,007<br />
Due to MRC 8,660<br />
Deferred Rent 15,072<br />
Capital Lease Obligation 9,160<br />
Total Current Liabilities 237,702<br />
Capital Lease Obligation 11,139<br />
Total Liabilities 248,841<br />
Net Assets<br />
Unrestricted $1,972,017<br />
Temporarily Restricted 401,884<br />
Total Net Assets $2,373,901<br />
Total Liabilities and Net Assets $2,622,742<br />
* These are unaudited financial statements and are subject to change. Final audited financial<br />
statements for the year ending <strong>2005</strong> will be available in May of 2006, following the completion of<br />
the formal audit process to be conducted by Holthouse Carlin & Van Trigt LLP. For a copy of our<br />
audited financial statements, please write: <strong>Parents</strong> <strong>Television</strong> <strong>Council</strong>, Attn: Finance Department,<br />
707 Wilshire Boulevard, Suite 2075, Los Angeles, CA 90017<br />
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