• 1997
• 1998

Revenue and Expenses: Fiscal Year Ending May 31, 1999

Revenue			Expenses
Contributions $32,475 Government Grants $0 Program Services $2,978,016 Investments $453,352 Special Events $0 Sales $0 Other $0			Program Services $1,736,539 Administration $656,430 Other $0 Total Expenditures $2,392,969
Total Revenue	$3,463,843		NET GAIN/LOSS	$1,070,874

Balance Sheet: Fiscal Year Ending May 31, 1999

Notes
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

 

Assets	Jun 1, 1998	May 31, 1999	Change
Cash & Equivalent	$439,300	$169,689	$(269,611)
Accounts Receivable	$426,283	$558,825	$132,542
Pledges & Grants Receivable	$0	$0	$0
Receivables/Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investments/Securities	$5,856,454	$7,251,218	$1,394,764
Investments/Other	$0	$0	$0
Fixed Assets	$4,392,218	$4,167,024	$(225,194)
Other	$37,107	$29,603	$(7,504)
Total Assets	$11,151,362	$12,176,359	$1,024,997
Liabilities	Jun 1, 1998	May 31, 1999	Change
Accounts Payable	$143,605	$194,379	$50,774
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$143,605	$194,379	$50,774
FUND BALANCE	$11,007,757	$11,981,980	$974,223

Laborers for JUSTICE© 1997-2000 All Rights reserved. Not for republication on the internet without permission. 
Jim McGough, Director
6304 N Francisco Av.
Chicago, Il 60659
773-878-1002 (tel)
773-409-1503(eFax number)
thelaborers@thelaborers.net