2022 PCI Media Annual Report
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<strong>PCI</strong> - MEDIA IMPACT, INC.<br />
STATEMENTS OF FINANCIAL POSITION<br />
DECEMBER 31, <strong>2022</strong> AND 2021<br />
Assets <strong>2022</strong> 2021<br />
Cash and cash equivalents $278,797 $399,388<br />
Contributions and grants receivable 4,064,567 158,178<br />
Prepaid expenses and other assets 33,726 6,990<br />
Equipment, net 23,067 49,805<br />
Total Assets $4,400,157 $614,361<br />
Liabilities and Net Assets (Deficit)<br />
Liabilities<br />
Accounts payable and accrued expenses $321,026 $292,475<br />
Loans payable 1,504,528 1,004,528<br />
Total Liabilities 1,825,554 1,297,003<br />
Commitments and Contingencies<br />
Net Assets (Deficit)<br />
Without donor restrictions<br />
Operating 1,297,105 (1,457,185)<br />
Board designated 33,145 33,145<br />
Total Without Donor Restrictions 1,330,250<br />
(1,424,040)<br />
With Donor Restrictions 1,244,353 741,398<br />
Total Net Assets (Deficit) 2,574,603 (682,642)<br />
Total Liabilities and Net Assets (Deficit) $4,400,157 $614,361<br />
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