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2008 STATEMENT OF FINANCIAL ACTIVITY
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Statement of Activity and Changes in Net Assets* |
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Year Ended December 31, 2008 |
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Unrestricted |
Temporarily Restricted |
Total 2008 |
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Revenue and Support |
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Contributions |
$3,718,621 |
$260,000 |
$3,978,621 |
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Rental and other |
76,701 |
-- |
76,701 |
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Investment Income |
(461,577) |
-- |
(461,577) |
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Net assets released from restrictions |
374,826 |
(374,826) |
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Total Revenue and Support |
3,708,571 |
(114,826) |
3,593,745 |
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Program Services Expenses |
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Research and Publications |
1,850,336 |
-- |
1,850,336 |
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Grassroots and Membership |
591,932 |
-- |
591,932 |
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Special projects |
1,402,687 |
-- |
1,402,687 |
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Total Program Services |
3,844,955 |
-- |
3,844,955 |
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Support Services |
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Resource development |
612,839 |
-- |
612,839 |
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Management and general |
484,728 |
-- |
484,728 |
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Total Support Services |
1,097,567.00 |
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1,097,567.00 |
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Total Expenses |
4,942,522.00 |
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4,942,522.00 |
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Change in Net Assets |
(1,233,951) |
(114,826) |
(1,348,777) |
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Net Assets, Beginning of Year |
2,180,967 |
247,044 |
2,428,011 |
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Net Assets, End of Year |
$ 947,016 |
$ 132,218 |
$ 1,079,234 |
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*The above information has been audited. To receive a copy
of the PTC's audited financial statements, please contact
us. |
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Statement of Financial Position* |
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December 31, 2008 |
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ASSETS |
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CURRENT ASSETS |
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Cash and Cash Equivalents |
$299,273 |
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Investments |
678,213 |
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Prepaid Expenses |
35,279 |
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Total Current Assets |
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1,012,765 |
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Property and Equipment - net |
483,789 |
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Deposits |
25,156 |
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Total Assets |
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$ 1,521,710 |
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LIABILITIES AND NET ASSETS |
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LIABILITIES |
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Accounts payable and accrued expenses |
$ 206,625 |
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Accrued wages |
45,089 |
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Due to MRC |
2,984 |
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Deferred lease incentive |
87,002 |
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Income taxes payable |
295 |
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Capital lease obligation |
61,267 |
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Long-term debt |
39,214 |
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Total Liabilities |
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$ 442,476 |
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NET ASSETS |
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Unrestricted |
$ 947,016 |
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Temporarily restricted |
132,218 |
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Total Net Assets |
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$ 1,079,234 |
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Total Liabilities and Net Assets |
$ 1,521,710 |
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*The above information has been audited. To receive a copy
of the PTC's audited financial statements, please contact
us. |
Expenses:
Revenue:
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