Great Things Every Day... - American Red Cross of the Quad Cities ...

Chapter Chapter Financials
Financials
Consolidated Statement of Revenue and Expenses*
Statement of Activities and Changes in Net Assets as of June 30, 2007
June 30, 2007 June 30, 2006
Revenue:
United Way and Combined Federal Campaign $517,144 $534,992
Contributions 347,591 309,753
Grants and Contracts 72,199 112,948
Donated Services, Supplies, and Space 83,519 87,145
Special Events (Net) 131,615 155,935
Bequests 35,382 29,445
Interests and Dividends 72,459 71,591
Class Fees and Resale 357,087 262,700
Total Revenue $1,616,996 $1,564,509
Expenses:
Program Services:
Armed Forces Emergency Services $78,690 $73,426
Disaster Services 499,065 507,880
Health and Safety Services 687,079 552,557
Youth and Community Volunteer Services 114,834 103,022
National Organization Services 165,389 151,749
Supporting Services:
Fundraising 222,902 204,359
Management and General 195,253 197,670
Total Expenses $1,963,212 $1,790,663
Other Revenue and (Expenses):
Net Assets Transferred From Another Red Cross Unit $24,633 $219,895**
Inter Red Cross and Other Revenues 17,529 0
Net Gain/Loss on Sale of Fixed Assets 0 7,000
Net Realized and Unrealized Gains
On Investments 384,345 148,602
Total Other $426,507 $375,497
Total Change in Net Assets $80,291 $149,343
Net Assets Beginning of Year 5,158,872 5,009,529
Net Assets End of Year 5,239,163 5,158,872
*A complete set of audited financial statements is available at the chapter for review. Audit completed by Carpentier, Mitchell, Goddard & Company,
LLC.
**Certain changes in the accounting for the operations of the Henry County Service Center were corrected during the year ending June 30, 2006, as a result
of new guidance from national headquarters.