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.