978-741-0077 Voice, information@ilcnsca.org, 27 Congress Street, Suite 107, Salem, MA 01970

Annual Report 2010

Financially

We received a total of $679,921 revenues for our operation during fiscal year 10, July 1, 2009 through June 30, 2010.

Per the spreadsheet below from our Uniform Financial Report for FY'10, ILCNSCA Total Revenue, Gains, and Other Support increased by $20,233.00 from the prior fiscal year ‘09.

Expenses increased overall from FY'09 to FY'10 by $8,558. We ended the FY'10 year with $17,972 overall change in our Net Assets from our Special events, including the Second Annual Benefit Concert, Music for Independent Living, and a successful Calendar Raffle, along with donations from members and Salem Five Charitable Foundation as well as a surprise donation from Marblehead Bank.

Overall ILCNSCA finances were rated as still going in the right direction in our '10 audit, conducted by Neal A. Price and Co. The Board reviewed and approved the '10 audit at the September 15, 2010 Board meeting with the auditors. We have filed our Uniform Financial Report (UFR) with the state Comptroller's office based upon this audit as well as our FY'10 taxes and Public Charities statement.

We are pleased to be able to feel confident in our finances and our financial operating systems based upon our audit results. We hope to move forward despite the current global economic situation.

ORGANIZATION : Independent Living Center of the North Shore and Cape Ann, Inc.

STATEMENT OF ACTIVITIES FOR THE YEAR ENDED: June 30, 2010

FEIN: 042949473

REVENUES, GAINS, AND OTHER SUPPORT UNRESTRICTED THIS YEAR LAST YEAR
Contributions, Gifts, Legacies, Bequests & Special Events $15,703 $15,703 $5,943
Grants $5,500 $5,500 $0
Program Service Fees $652,084 $652,084 $644,712
Investment Revenue $624 $624 $1,006
Other $6,010 $6,010 $8,027
TOTAL REVENUE, GAINS, AND OTHER SUPPORT $679,921 $679,921 $659,688
EXPENSES AND LOSSES
Administration (Management & General) $107,986 $107,986 $129,128
Total Program Services $553,963 $553,963 $524,263
TOTAL EXPENSES $661,949 $661,949 $653,391
TOTAL EXPENSES AND LOSSES $661,949 $661,949 $653,391
CHANGES IN NET ASSETS
TOTAL CHANGES IN NET ASSETS: $17,972 $17,972 $6,314
NET ASSETS AT BEGINNING OF YEAR $128,017 $128,017 $121,703
NET ASSETS AT END OF YEAR $145,989 $145,989 $128,017
Services and avvocacy for an independent life

Towns We Serve

  • Beverly
  • Danvers
  • Essex
  • Gloucester
  • Hamilton
  • Ipswich
  • Lynn
  • Lynnfield
  • Manchester By-The-Sea
  • Marblehead
  • Melrose
  • Middleton
  • Nahant
  • North Reading
  • Peabody
  • Reading
  • Rockport
  • Rowley
  • Salem
  • Saugus
  • Stoneham
  • Swampscott
  • Topsfield
  • Wakefield
  • Wenham


©2009 Independent Living Center of the North Shore and Cape Ann. All Rights Reserved.
Website designed and developed by Sperling Interactive.