Financial Statements
, continued
Statement Of Activities
Expenses 2007
Year Ended September 30, 2007 (With Comparative Totals For 2006) 2007 Temporarily 2006 Unrestricted Restricted Total Total
Support and Revenue Grants $ 43,055,704 $ 1,125,627 $ 44,181,331 $ 33,602,561 In-kind contributions — 2,498,138 2,498,138 3,896,590 Individual and corporate contributions 1,079,616 — 1,079,616 1,152,920 Subcontract revenue 262,697 12,000 274,697 838,318 Shipping reimbursables/subsidies — 122,100 122,100 142,127 Program income 86,144 — 86,144 41,077 Other income 283,031 16,626 299,657 903,580 Net assets released from restrictions: Satisfaction of program restrictions 2,912,853 (2,912,853) — — Total support and revenue 47,680,045 861,638 48,541,683 40,577,173 Expenses Program services: Creating Economic Opportunities 31,097,752 Promoting Social Progress 5,609,826 Strengthening Communities and Civil Society 4,119,239 Responding to Natural Disasters 1,643,236 Total program services 42,470,053 Supporting services: Management and general 4,957,626 Development 282,133 Total supporting services 5,239,759
— 4,957,626 4,142,623 — 282,133 92,812 — 5,239,759 4,235,435
Total expenses 47,709,812 Increase (decrease) in net assets (29,767)
— 47,709,812 40,532,415 861,638 831,871 44,758
— 31,097,752 — 5,609,826 — 4,119,239 — 1,643,236 — 42,470,053
18,945,713 4,596,619 6,636,714 6,117,934 36,296,980
Net Assets Beginning 2,414,071 671,328 3,085,399 3,040,641 Ending $ 2,384,304 $ 1,532,966 $ 3,917,270 $ 3,085,399
Creating Economic Opportunities 65.18%
Development 0.59% Management and General 10.39%
Promoting Social Progress 11.76% Responding to Natural Strengthening Disasters 3.44% Communities and Civil Society 8.63%
sources of revenue 2007 Grants 91.465%
Other Income 0.170% Program Income 0.177% Subgrant Revenue 0.566%
Individual and Corporate Contributions 7.370% Shipping Reimbursements and Subsidies 0.252%
Statement Of Functional Expenses Year Ended September 30, 2007 (With Comparative Totals For 2006) 2007 Program Services Supporting Services Creating Promoting Strengthening Responding Total Total Economic Social Communities to Natural Program Management Supporting Total Opportunities Progress and Civil Society Disasters Services and General Development Services Total 2006
PVO subproject expense $24,501,395 $2,104,602 $1,335,579 $1,063,713 $29,005,289 $— $— $— $29,005,289 $19,661,477 Salaries and benefits 4,352,060 452,326 1,164,087 429,648 6,398,121 2,650,192 142,082 2,792,274 9,190,395 8,881,845 Operations and material support 1,617,166 2,961,652 967,825 58,684 5,605,327 1,443,612 43,170 1,486,782 7,092,109 9,329,432 Travel and related expenses 506,851 7,687 197,417 63,436 775,391 242,250 42,522 284,772 1,060,163 724,087 Consultants and professional fees 65,341 3,226 335,732 15,511 419,810 490,115 54,359 544,474 964,284 1,076,884 Telephone 17,887 2,903 50,603 224 71,617 62,096 — 62,096 133,713 74,280 Shipping and related expenses 695 66,916 34,882 9,170 111,663 17,319 — 17,319 128,982 44,531 Project vehicles and equipment 36,357 10,514 12,141 2,850 61,862 52,042 — 52,042 113,904 548,433 Conference and meetings — — 20,973 — 20,973 — — — 20,973 23,692 Other — — — — — — — — — 167,754 Total expenses $31,097,752 $5,609,826 $4,119,239 $1,643,236 $42,470,053 $4,957,626 $282,133 $5,239,759 $47,709,812 $40,532,415
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