A N N U A L R E P O R T 2 0 0 7 - Southwest Center for HIV/AIDS

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A U D I T E D F I N A N C I A L S T A T E M E N T S F O R 2 0 0 6 *
STATEMENT OF FINANCIAL POSITION
December 31, 2006
(with comparative totals at December 31, 2005)
A S S E T S
2006 2005
CURRENT ASSETS
Cash and cash equivalents $108,512 $78,817
Grants and other receivables, net 517,941 354,281
Pledges receivable 25,270 23,288
Inventory 31,329 27,487
Prepaid expenses and other current assets 14,235 31,741
TOTAL CURRENT ASSETS 697,287 515,614
PROPERTY AND EQUIPMENT, net 32,082 64,501
TOTAL ASSETS $729,369 $580,115
L I A B I L I T I E S A N D N E T A S S E T S
CURRENT LIABILITIES
Accounts payable $225,656 $157,655
Accrued expenses 23,086 15,012
Deferred revenue 29,097 33,777
TOTAL CURRENT LIABILITIES 277,839 206,444
C O M M I T M E N T S A N D C O N T I N G E N C I E S
NET ASSETS
Unrestricted 426,061 336,432
Temporarily restricted 25,469 37,239
TOTAL NET ASSETS 451,530 373,671
TOTAL LIABILITIES AND NET ASSETS $729,369 $580,115
*Audited 2007 financial statements will be available on Body Positive’s Web site, www.bodypositive.org, beginning June 1, 2008.