ANNUAL REPORT 2002 - Asha for Education

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Consolidated Statement of Financial ConditionFINANCIAL YEAR 2002Assets:Cash - non-interest bearingSavings and temporary cashinvestmentsLand and buildingOther assetsTotal AssetsLiabilities:Accounts payableGrants payableOther liabilitiesTotal LiabilitiesNet Assets or Fund BalanceBeginning of Year 200212,450.001,215,983.000.0024,580.00 10.000.000.000.001,253,013.00End of Year 200222,520.001,372,530.000.000.000.000.000.000.001,395,050.001200 Shares of IBM Corporation were donated which had not been liquidated as of the close of 2001. These are recorded atFMV as of Dec 28, 2001.ANNUALREPORT2002pg: 25
Consolidated Statement of IncomeFINANCIAL YEAR 2002Fiscal YearRevenues:Direct public supportIndirect public supportGovernment contributions (grants)Total contributions, gifts and grantsMembership DuesInvestment IncomeGross revenue from sale of assets otherthan inventoryLess: Cost or other basisNet income from sale of assets other thaninventoryGross revenue through special events andactivitiesLess: Fundraising expensesNet income from special events andactivitiesGross sales of inventory, less returns andallowancesLess: Cost of goods soldNet income from sale of inventoryOther revenuesTotal RevenuesExpenses:Grants and similar amounts paidManagement, general and other expensesTotal ExpensesNet Income2001626,698.0080,472.000.00707,170.000.0021,422.000.000.000.00577,887.00183,225.00394,662.0035,582.0028,572.007,010.000.001,130,264.00848,899.003,519.00 3852,418.00277,846.002002664,263.00139,786.000.00804,049.000.0014,693.0016,755.0024,580.00-7,825.00 2482,745.00180,924.00301,821.0028,908.0017,268.0011,640.003,969.001,128,347.00970,166.0016,144.00 4986,310.00142,037.002The stock donation of 200 IBM shares (earmarked for the ReAD project) received at the end of fiscal 2001 was liquidated as per the donor's instructions. The net proceeds of $16,755.00 were sent to the project.3Includes banking fees of approximately $900.00, newsletters printing and posting expenses and other general and administrative expenses.4Includes banking fees of approximately $1,566, credit card processing fees of approximately $2,415, newsletters printing and posting expense of approximately $2,675, publicity and advertisements expense of$6,968, PO Box rentals expense of $118 and other general and administrative expenses. The substantial increase in this category from 2001 is due to including costs for Work an Hour 2002 in this category asopposed to fundraising costs. A substantial part of this cost was borne by Asha for Education volunteers.ANNUALREPORT2002pg: 26
Page 4 and 5: There has been a marked increase in
Page 7 and 8: Asha raises funds for its projects
Page 9 and 10: Afull expression of Pandey's vision
Page 11 and 12: Asha has come a long way since the
Page 13 and 14: Asha-Zurich was started in conjunct
Page 15 and 16: Asha for education supports a large
Page 17 and 18: Gyanganga: Jherli is one of the mos
Page 19 and 20: Asha-India Conference: December 27-
Page 21 and 22: Here are some of the other similarp
Page 23 and 24: TeamAccomplishing a task like runni
Page 25: Chapter-Wise Financial SummaryChapt
Page 29 and 30: Chapter-Wise Projects SupportSeattl
Page 31 and 32: Appendices: USA Chapter ContactsAri
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ANNUAL REPORT 2002 - Asha for Education

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