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TakingITGlobal Annual Report 2009

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42 Revenue & Expenses United States Audited Statement in US dollars 2009 2008 ASSETS Cash 127,732 56,864 Unconditional promises to give 16,500 4,042 Accounts receivable 7,355 16,353 Security deposit - 2,250 Property and equipment, at cost, (net of accumulated depreciation) 20,956 4,023 Total Assets $ 172,543 $ 83,532 LIABILITIES & NET ASSETS Liabilities Accounts payable and accrued expenses 20,675 8,489 Grants payable 2,500 - 23,175 8,489 Commitment and contingency NET ASSETS Unrestricted 5,096 53,563 Temporarily restricted 144,272 21,480 Total Net Assets 149,368 75,043 Total Liabilities & Net Assets $ 172,543 $ 83,532 2009 2008 ChANgES IN uNRESTRICTED NET ASSETS Revenue and Other Support Grants and contributions 111,482 314,021 Donated services 51,305 36,678 Service contracts 27,040 94,449 Administrative fees - 7,500 Interest Income 219 844 190,046 453,492 NET ASSETS RELEASED FROM RESTRICTIONS Satisfaction of time and program restrictions 11,581 2,467 Total Unrestricted Revenue and Other Support 201,627 455,959 ExPENSES Program Services 163,308 354,674 Supporting Services Management and general 84,686 101,735 Fundraising 2,100 4,590 Total Supporting Services 86,786 106,325 Total Expenses 250,094 460,999 Decrease in Unrestricted Net Assets (48,467) (5,040) ChANgES IN TEMPORARILy RESTRICTED NET ASSETS Contributions 134,373 21,480 Net assets released from restrictions (11,581) (2,467) Increase in Temporarily Restricted Net Assets 122,792 19,013 Increase in net assets 74,325 13,973 Net assets, beginning of year 75,043 61,070 Net assets, End of Year $ 149,368 $ 75,043

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