Financials
 

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Financials
 

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In an effort to make it easier for people to see where were we are financially versus where we need to be, (which can be found in the FAQs section), we are publishing our financial information here, on the web site. 

The IRS requires that non-profit organizations submit form 990 if their income exceeds $25,000 per year.  Since we are a long way from that, we are not required to file a form 990.  However, we are providing the same information that would be required.  We are simply using a more expeditious format.

In order to keep expenses as low as possible so that we can preserve as much of the income as possible, board members have donated many of the normal expenses of running a business.  For example, board members have donated the costs of printing and mailing brochures .  In all, we have printed and distributed over 2,000 brochures.  The cost of professionally printing 100 brochures was about $100.  So you can see how this would have eaten into our account. Other things donated along the way are long distance phone calls, office equipment, laser printer, brochure folders, lots of toner, not to mention the expense of travel to and from skunk shows that we would not ordinarily have attended (in order to have a booth).

In addition, for the first two years of our existence, all the items sold at the ASRR booth at the skunk shows were donated, from the purchase of the materials to the labor to embroider and make the items.  We had several people in the skunk community who also donated items to be sold or auctioned off over the years.  This helped preserve the money coming in greatly.

Unfortunately, it didn't take many years before we realized that the skunk community at it's current rate of participation would not be able to support the costs of the tests alone.   We have since redirected the bulk of our energy towards lining up donations of supplies and services from various facilities as well as turning in requests for grant money.  While we have been successful at getting commitments for donated supplies and services, we have not yet found anyone ready to give us grant money to cover the remaining expenses.  However, we are in the early stages and are not discouraged.  Grant money can sometimes take time and persistence and we understand that.

The following is the yearly financial information for Aspen Skunk Rabies Research, Inc., updated January 30, 2007

2007 Income/Expense Statement

Income

 

 

Donations

710.61

 

Sale of goods (3 mugs)

31.50

 

Interest (on CD)

286.76

 

Total

1,028.87

Expenses

 

 

Printing, postage, phone

33.95

 

Cost of goods sold

0

 

Incorporation/ legal fees

106.25

 

Paypal fees

1.80

 

Conference/travel expense

0

 

Internet fees

95.40

 

 

 

 

Total

237.40

 

Balance towards savings

791.47

Balance Sheet

Assets

 

 

Previous Cash/ savings

13,980.07

 

Cash/ savings added

791.47

 

 

 

 

Total

14,771.54

Liabilities

 

 

None

0

 

 

2006 Income/Expense Statement

Income

 

 

Donations

626.13

 

Sale of goods

31.50

 

Interest

384.96

 

Total

1,042.59

Expenses

 

 

Printing, postage, phone

9.95

 

Cost of good sold

0

 

Incorporation/ legal fees

81.25

 

Paypal fees

1.80

 

Conference/travel expense

0

 

Internet fees

95.40

 

 

 

 

Total

188.40

 

Balance towards savings

854.19

Balance Sheet

Assets

 

 

Previous Cash/ savings

13,125.88

 

Cash/ savings added

854.19

 

 

 

 

Total

13,980.07

Liabilities

 

 

None

0

 

2005 Income/Expense Statement

Income

 

 

Donations

1,144.11

 

Sale of goods

35.50

 

Interest

295.90

 

Total

1,475.51

Expenses

 

 

Printing, postage, phone

11.65

 

Cost of good sold

0

 

Incorporation/ legal fees

71.25

 

Paypal fees

14.73

 

Conference/travel expense

0

 

Internet fees

95.40

 

 

 

 

Total

193.03

 

Balance towards savings

1,282.48

 

Balance Sheet

Assets

 

 

Previous Cash/ savings

11,843.40

 

Cash/ savings added

1,282.48

 

 

 

 

Total

13,125.88

Liabilities

 

 

None

0

 

 

2004 Income/Expense Statement

Income

 

 

Donations

883.79

 

Sale of goods

0

 

Interest

73.13

 

Total

956.92

Expenses

 

 

Printing, postage, phone

0

 

Cost of good sold

0

 

Incorporation/ legal fees

71.25

 

Bank fees*

-90

 

Conference/travel expense

0

 

Internet fees

101.30

 

 

 

 

Total

82.55

 

Balance towards savings

874.37

 

Balance Sheet

Assets

 

 

Previous Cash/ savings

10,926.84

 

Cash/ savings added

874.37

 

 

 

 

Total

11,801.21

Liabilities

 

 

None

0

 

 *Previous bank fees were returned due to our non-profit status

2003 Income/Expense Statement

Income

 

 

Donations

1025.87

 

Sale of goods

149.00

 

Interest

81.77

 

Total

1256.64

Expenses

 

 

Printing, postage, phone

0

 

Cost of good sold

0

 

Incorporation/ legal fees

71.25

 

Bank fees

60

 

Conference/travel expense

0

 

Internet fees

98.78

 

 

 

 

Total

230.03

 

Balance towards savings

1026.61

Balance Sheet

Assets

 

 

Previous Cash/ savings

9,900.23

 

Cash/ savings added

1026.61

 

 

 

 

Total

10,926.84

Liabilities

 

 

None

0

 

2002 Income/Expense Statement

Income

 

 

Donations

928.90

 

Sale of goods

531.50

 

Interest

198.20

 

Total

1,658.60

Expenses

 

Printing, postage, phone

66.82

 

Cost of good sold

0

 

Incorporation/ legal fees

61.25

 

Bank fees

36

 

Conference/travel expense

1136.93

 

Internet fees

0

 

 

 

 

Total

1301

 

Balance towards savings

357.60

Balance Sheet

Assets

 

 

Previous Cash/ savings

9542.63

 

Cash/ savings added

357.60

 

 

 

 

Total

9,900.23

Liabilities

 

 

None

0

2001 Income/Expense Statement

Income

 

 

Donations

923.50

 

Sale of goods

4207.05

 

Interest

161.48

 

Total

5292.03

Expenses

 

 

Printing, postage, phone

107.18

 

Cost of good sold

1446.62

 

Incorporation/ legal fees

211.25

 

Bank fees

6

 

Conference/travel expense

791.50

 

Internet fees

70

 

Total

2632.55

 

Balance towards savings

2659.48

Balance Sheet 

Assets

 

 

Previous Cash/ savings

6883.15

 

Cash/ savings added

2659.48

 

 

 

 

Total

9542.63

Liabilities

 

 

None

0

2000 Income/Expense Statement

Income

 

 

Donations

1565

 

Sale of goods

5381.98

 

Interest

0

 

Total

6946.98

Expenses

 

 

Printing, postage, phone

0

 

Cost of good sold

1459.58

 

Incorporation/ legal fees

91.25

 

Bank fees

18

 

Conference/travel expense

0

 

Internet fees

0

 

Total

1568.83

 

Balance towards savings

5378.15

Balance Sheet 

Assets

 

 

Previous Cash/ savings

1505.00

 

Cash/ savings added

5378.15

 

 

 

 

Total                    

6883.15

Liabilities

 

 

None

0

1999 Income/Expense Statement

Income

 

 

Donations

1482

 

Sale of goods

1115

 

Interest

0

 

Bad checks

-184

 

Total

2413

Expenses

 

 

Printing, postage, phone

0

 

Cost of good sold

0

 

Incorporation/ legal fees

595

 

Bank fees

18

 

Conference/travel expense

225

 

Internet fees

70

 

 

 

 

Total

908

 

Balance towards savings

1505

Balance Sheet

Assets

 

 

Previous Cash/ savings

0

 

Cash/ savings added

1505

 

 

 

 

Total

1505

Liabilities

 

 

None

0

 

 

 

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