Download - AFS Intercultural Programs

2007 AFS WORLDWIDE NETWORK
Balance Sheet (in US dollars) Statement of Activities (in US dollars)
ASSETS
PROGRAM REVENUES
Cash and Receivables
64,547,946
Investments
21,480,500 CONTRIBUTIONS RECEIVED
Property and Equipment
8,601,551 Corporations, Foundations and Government
Other Fixed Assets
1,375,996 AFS Volunteer Local Network
Prepaid Expenses and Deposits
16,455,252 Individual Donors
TOTAL ASSETS
112,461,245 Other Fundraising Income
LIABILITIES
Accounts Payable and Accrued Expenses
Mortgages
Loans
Deposits and Funds Held for Others
and Deferred Income
Other Liabilities
TOTAL LIABILITIES
NET ASSETS
Board Designated Funds
General Unrestricted
Temporarily Restricted
Permanently Restricted
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
AFS Intercultural Programs, Inc. (“AFS International”) is a not-for-profit organization incorporated under the laws of New York
State, USA, and is a tax-exempt organization under the Internal Revenue Code 501(c)(3) of the United States of America.
AFS Partner organizations (“Partners”) are incorporated under the laws of the country in which they are located and likewise
prepare financial statements and tax reports as required by the jurisdictions in their respective countries.
Each Partner undergoes an annual fiscal audit and presents to AFS International a copy of the independent auditor’s opinion
along with its financial statements. While rules and regulations vary among Partner nations, audits generally follow standards
consistent with U.S.–based GAAP (Generally Accepted Accounting Principles). The tables presented are not the result of
an audit performed by one firm, but represent combined information from audits performed by a number of independent
auditors around the world. The summary format of the tables reflects the combined financial activities in the AFS worldwide
Network of Partners. The information for 2007 has been gathered from the 2007 audited financial statements of 50 Partners
and includes AFS International. The 2008 figures presented on the opposite page are based on preliminary estimates,
pending completion of annual audits around the world.
Dr. Urs-Rainer von Arx
Vice President, Chief Financial & Operations Officer
15,482,489
335,010
888,402
36,644,819
2,676,044
56,026,764
27,441,669
12,703,607
11,174,233
5,114,972
56,434,481
112,461,245
Interest and Other Revenues
TOTAL REVENUES
Program Expenses
Administrative Expenses
Interest and Other Expenses
TOTAL EXPENSES
SURPLUS (DEFICIT)
125,387,788
18,195,688
400,720
1,547,117
1,594,520
2,993,875
150,119,708
(103,059,750)
(42,220,956)
(1,658,510)
(146,939,216)
3,180,492
1 Administrative expenses include both program and administrative personnel costs.
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