Coast Guard Mutual Assistance
Income & Expenses

January 1 - November 30, 2008

 

    Current Month   

      Year To Date     
INCOME

 
Contributions $40,633 $1,733,835
 
Investment Income
Interest - Checking $158 $17,041
Dividends - Portfolio $6,018 $162,555
Interest - Portfolio $41,389 $251,364
Other Investment Income $0 $14,706
Realized Gains/Losses                  ($157,338) ($632,757)
Total Investment Income ($109,774) ($187,090)
Unrealized Gains/Losses ($191,304) ($2,953,716)
Less Portfolio Management Fees ($3,698) ($60,279)
Less Bank Fees                 ($978)                        ($14,106)
Total Investment Income Adjusted ($305,753) ($3,215,191)
Miscellaneous Income
Collection Agency Cash $446 $12,140
Grant Repayments $0 $0
Space and Facilities Donated $0 $0
Other Miscellaneous Income                  $0                $1,370
 
Total Miscellaneous Income                   $446                   $13,510
 
TOTAL INCOME               ($264,674)    ($1,467,846)
                                                       
EXPENSES
 
Program Expenses
SEG Grants $17,494 $355,663
Personal Grants $3,682 $78,250
Special Programs $995 $7,490
Education Loans 3% Refund $517 $12,096
Financial Counseling Fees $187 $2,897
Layette Program $346 $5,265
Outreach Program

$0

$1,114
Loans Declared Uncollectible $0 $2
Collection Agency Commission Expense $156 $4,178
Loans Converted to Grants $254 $31,812
Credit Reports $0 $1,274
Program - Printing $0 $2,338
Program - Postage, Mail & Shipping $0 $0
Other Program Expenses                          $0                          $427
 
Total Program Expenses $23,631 $502,804
Allowance for Loan Losses $0 $0
Loan Balance Adjustments $1,500 $0
 
Total Program Expenses Adjusted $25,131 $502,804
 

Page 1

  

 

       Current Month          Year To Date   
 
Fund Raising Expenses    
Fundraising - Printing $0 $48,176
Fundraising - Postage, Mail & Shipping $0 $31,187
Fundraising - Local Campaign Cost $0 $1,064
Credit Card Fees $45 $2,503
State Solicitation Registration Expenses $0 $8,189
Other Fund Raising Expenses                         $0                           $0
 
Total fund Raising Expenses $45 $91,119
 
Administrative Expenses
Employee Salary $40,840 $427,294
Employee Benefits $7,748 $69,114
Payroll Taxes $2,894 $32,370
Payroll Services $199 $2,139
Accounting Services $0 $15,575
Attorney Fees $0 $0
Computer Hardware $0 $0
Computer Hardware Maintenance $0 $0
Computer Software $0 $399
Computer Software Development $0 $0
Computer Software Maintenance $2,200 $30,050
Director's Insurance & Bonding $0 $1,714
Property Insurance $0 $2,522
Office Equipment $0 $0
Office Equipment Maintenance $0 $150
Office Supplies $0 $1,527
Admin - Postage, Mail & Shipping $0 $6
Admin - Printing $0 $3,584
Professional Development $0 $1,993
Space and Facilities Expense $0 $0
Depreciation $7,083 $77,913
Other Administrative Expenses $173 $1,426
 
Total Administrative Expenses $61,137 $667,777
 
TOTAL EXPENSES $86,312 $1,261,701
 
NET INCOME ($350,986) ($2,729,546)
 

Page 2

 

       Top of Page

   View Printable Report