ANNUAL REPORT 2002 - Asha for Education

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