MIX Annual Report FY 2010 - Microfinance Information Exchange

AuditedFinancialsStatements of ActivitiesFor the year ended June 30, 2010unrestricted Temporarily Restricted totalsRevenue:Contributions $75,000 $- $75,000In-kind contributions 26,028 - 26,028Grants and contracts 351,983 $1,828,866 2,180,849Consulting income 54,758 - 54,758Sales and other income 1,817 - 1,817Investment income 1,585 - 1,585Net assets released from restrictions $2,727,912 ($2,272,912) -Total Revenue $3,239,083 $ (899,046) $2,340,037Expenses:Program services $2,577,023 $- $2,577,023Supporting services:Management and general $491,567 $- $491,567Fundraising 78,399 $- 78,399Total supporting services $569,966 $- $569,966Total Expenses $3,146,989 $- $3,146,989Change in Net Assets $92,094 $(899,046) $(806,952)Net Assets, Beginning of Year 1,106,794 4,121,179 5,227,973Net Assets, End of Year $1,198,888 $3,222,133 $4,421,021PAge 28