Coast Guard Mutual Assistance
Income & Expenses

January 1 - December 31, 2007

 

    Current Month   

      Year To Date     
INCOME

Contributions $238,479 $2,041,832
Investment Income
Interest - Checking $3,714 $43,952
Dividends - Portfolio $14,140 $152,434
Interest - Portfolio $8,273 $319,504
Other Investment Income $11,311 $11,311
Realized Gains/Losses                  $11,830 $197,740
Total Investment Income $49,268 $927,011
Unrealized Gains/Losses ($155,464) $294,865
Less Portfolio Management Fees ($6,303) ($77,709)
Less Bank Fees                 ($594)                        ($15,088)
Total Investment Income Adjusted ($113,021) $927,011
Miscellaneous Income
Collection Agency Cash $545 $29,095
Grant Repayments $0 $0
Space and Facilities Donated $107,189 $107,189
Other Miscellaneous Income                      ($15,084)                      $529
Total Miscellaneous Income                   $92,650                   $136,1813
TOTAL INCOME               $218,109    $3,105,655
                                                     
EXPENSES
Program Expenses
SEG Grants $36,211 $398,863
Personal Grants $9,719 $44,509
Special Programs ($32) $8,347
Education Loans 3% Refund $306 $16,150
Financial Counseling Fees $168 $2,683
Layette Program $289 $2,754
Outreach Program

$0

$4,473
Loans Declared Uncollectible $91,318 $91,318
Collection Agency Commission Expense $191 $11,447
Loans Converted to Grants $4,106 $21,230
Credit Reports $205 $2,323
Program - Printing $0 $0
Program - Postage, Mail & Shipping $0 $0
Other Program Expenses                          $158                          $158
Total Program Expenses $142,639 $604,254
Allowance for Loan Losses $0 $0
Loan Balance Adjustments $0 ($50)
 
Total Program Expenses Adjusted $142,639 $604,204

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     Current Month          Year To Date   
Fund Raising Expenses    
Fundraising - Printing $0 $46,427
Fundraising - Postage, Mail & Shipping $16,000 $32,930
Fundraising - Local Campaign Cost $0 $755
Credit Card Fees $66 $2,379
State Solicitation Registration Expenses $0 $8,279
Other Fund Raising Expenses                         $0                           $90
Total fund Raising Expenses $16,066 $90,859
Administrative Expenses
Employee Salary $44,711 $376,591
Employee Benefits $3,621 $61,031
Payroll Taxes $2,955 $28,058
Payroll Services $215 $3,657
Accounting Services $0 $14,500
Attorney Fees $0 $225
Computer Hardware $0 $0
Computer Hardware Maintenance $0 $0
Computer Software $0 $501
Computer Software Development $8,824 $8,824
Computer Software Maintenance $3,513 $46,858
Director's Insurance & Bonding $0 $1,731
Property Insurance $0 $2,617
Office Equipment $0 $0
Office Equipment Maintenance $0 $420
Office Supplies $267 $1,962
Admin - Postage, Mail & Shipping $0 $6
Admin - Printing $0 $5,261
Professional Development $2,400 $4,153
Space and Facilities Expense $107,189 $107,189
Depreciation  $7,083 $84,996
Other Administrative Expenses $675 $1,552
Total Administrative Expenses $181,452 $750,132
TOTAL EXPENSES $340,157 $1,445,196
 
NET INCOME ($122,048) $1,660,459

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