The Year of - Independence Center

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ASSETS
FY 2008
Cash/Investments
1,508,850
Accounts receivable/other current 1,998,639 assets
Net property, equipment/other 1,497,724
1,764,446
2,089,262
991,509
Total 5,005,213 assets 5,645,217
LIABILITIES & FUND BALANCE FY 2008
Current liabilities
295,083
Long term debt & notes payable 861,535
Net 3,848,595 assets
Total liabilities /fund 5,005,213 balance
502,536
330,338
4,812,343
5,645,217
(July 1, 2007 - June 30, 2008) INCOME STATEMENT
FY 2008
Contributions 242,845 357,508
637,112 Grants
Third party contracts 4,316,116
Rental/Sales 437,817
Interest/Other 353,825
Extraordinary gain on sale of building
0
Total
5,987,715
revenue
817,954
4,316,116
291,924
500,497
118,289
6,402,289
Program Services - 84%
General/Administrative - 13.4%
Development - 2.6%
Financial Statement
EXPENSES
Program services 4,789,168
FY 2008
4,611,009
General /Administrative 810,732 732,586
Development 102,896 140,472
Total Expenses 5,702,796 5,484,067
CHANGE IN ASSETS FY 2008
Before charity services 519,261 918,222
Less charity services**
-499,797
Total change in net
19,464
assets
-521,519
396,703
Net assets, beginning of the 2,119,580 year***
3,863,042
Net assets from capital campaign***
1,709,551
Net assets end of the 3,848,595 year***
552,597
4,812,342
**Year ended June 30, 2008, the center donated charitable service to the community in the amount of $521,519
***Preliminary financial statements pending final audits
For every dollar contributed to Independence Center, 84 cents is spent on programs and services.
In the 2008 fiscal year, the capital
campaign generated $877,347
toward the three-year goal of
$3.5 million dollars. If you are
interested in more information
about the Rebuilding Futures,
Restoring Lives capital campaign
or would like a tour of our facility,
please contact Associate Director
Beth Brown at 314-880-5405