Financials CATHOLIC LEGAL IMMIGRATION NETWORK, INC. STATEMENT OF FINANCIAL POSITION December 31, 2012 – (With Summarized Financial Information for December 31, 2011) 2012
2011
$1,565,973
$ 921,352
28,066
489,486
ASSETS CURRENT ASSETS Cash and cash equivalents Accounts receivable (net of allowance for doubtful accounts of $10,400 for 2012 and 2011) Contributions receivable
436,145
291,423
Federal grants receivable
81,866
130,655
Prepaid expenses and other current assets
55,362
181,764
Certificates of deposit
1,615,149
1,448,078
TOTAL CURRENT ASSETS
3,782,561
3,462,758
INVESTMENTS
1,602,381
1,500,688
13,114
14,154
3,144
3,144
$5,401,200
$4,980,744
FIXED ASSETS, net DEPOSITS TOTAL ASSETS LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable
$ 338,513
$ 626,258
Accrued expenses
453,178
391,007
Deferred revenue
397,129
325,790
Deferred rent and lease incentive
16,380
21,059
TOTAL CURRENT LIABILITIES
1,205,200
1,364,114
TOTAL LIABILITIES
1,205,200
1,380,494
2,469,697
2,169,911
NET ASSETS Unrestricted Unrestricted – Board designated Total unrestricted Temporarily restricted TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS
558,532
508,705
3,028,229
2,678,616
1,167,771
921,634
4,196,000
3,600,250
$5,401,200
$4,980,744
The accompanying notes are an integral part of these financial statements.
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C AT H O L I C L E G A L I M M I G R AT I O N N E T W O R K , I N C .