Overall, our 2006 revenues were $2,987,857 and costs were $2,535,558 (expenses plus land and asset purchases). We are proud that over 95% of all costs was spent within our project countries, building capacity where it is needed most.
NATURE AND CULTURE INTERNATIONAL
Statement of Financial Position
December 31, 2006
(unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 1,019,918
Grant receivables 36,213
Prepaid expenses 3,670
Total current assets 1,059,801
PROPERTY & EQUIPMENT, at cost
Land 1,294,688
Building & improvements 226,242
Furniture and equipment 42,695
Vehicles 164,605
Less accum. depreciation (100,126)
Total property & equipment 1,628,104
Total assets $ 2,687,905
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Accounts payable &
accrued expenses $ 14,880
Deferred revenue – grants 568,981
Total current liabilities 583,861
NET ASSETS
CY change in net assets 955,398
Unrestricted 575,844
Temporarily restricted 122,802
Permanently restricted 450,000
Total net assets 2,104,044
Total liabilities & net assets $ 2,687,905
NATURE AND CULTURE INTERNATIONAL
Statement of Activities
For the year ended December 31, 2006
(unaudited)
REVENUES
Grants & Contributions $ 2,806,271
Fees 148,859
Other 19,635
Interest 13,092
Total revenues $ 2,987,857
EXPENSES
Project grants 712,178
Salaries & related benefits 713,855
Travel 117,192
Supplies 135,043
Consultants 142,796
Auto 56,868
Publications 19,461
Outside services 11,089
Depreciation 34,499
Other direct costs 89,478
Total expenses 2,032,459
CHANGE IN NET ASSETS
Land and buildings 503,499
Other 248,301
Total change in net assets 955,398
NET ASSETS AT Jan. 1, 2006 1,148,646
NET ASSETS AT Dec. 31, 2006 $ 2,104,044
Gurrera & Associates, 2005 . 5665 Oberlin Drive, Suite 200, San Diego, CA 92121 (858) 457-5581.
