Michigan Nature Association: 2018 Year in Review

Page 21

Financial Summary Fiscal Year 2017-2018 This condensed financial statement for the fiscal year beginning October 1, 2017 and ending September 30, 2018 is based on an audit prepared by the independent certified public accounting firm of Flegal and Melnik CPA. Copies of the audit and MNA’s Form 990 Report to the Internal Revenue Service for FYE 2018 are available upon request.

Expenses 2018

Administration & Fundraising 14%

ASSETS Cash

48,199

331,490

179,186

275,950

6,048,844

6,292,451

778,648

632,848

12,501,067

12,045,014

87,949

91,958

19,643,893

19,671,711

6,509

29,188

Payroll and Payroll Taxes

28,855

27,003

Annuity Liability

23,273

19,534

TOTAL LIABILITIES

58,637

75,725

Receivables

Conservation 50%

Outreach & Education 36%

Investments at Market Value Property and Equipment Sanctuary Properties Other Assets TOTAL ASSETS LIABILITIES

Income

Accounts Payable

Grants & Restricted 6%

Contributions 42%

2017

Endowment 46%

Miscellaneous 6%

TOTAL NET ASSETS

19,585,256

19,595,986

TOTAL LIABILITIES AND NET ASSETS

19,643,893

19,671,711


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