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FINANCIAL ACCOUNTABILITY
YEAR ENDED DECEMBER 31, 2000
Cash
Balance C/F $23,825
REVENUE:
(a) Donations $85,782
(b) Life
Memberships($2,112) 150
(c) Interest Income
1,092
Expenses
paid by the founder (200)
TOTAL REVENUE $ 87,024
TOTAL
REVENUE AND BALANCE FROM PREVIOUS YEAR $110,849
LESS:
GRANTS
FOR THE SERVICES OBTAINED THROUGH
RECOGNIZED CHARITABLE ORGANIZATIONS
(a) Scholarships or assistance to the poor students $33,946
(b)
Care and assistance to the poor and needy $34,699
(c) Care and assistance to the disabled $5,300
TOTAL GRANTS $73,945
EXPENSES:
Filing fees
State and Federal
$5
Bank (SBI)
Transfer Cable Charges
$131
TOTAL EXPENSES $136
REVENUE
LESS GRANTS & EXPENSES $36,768
CHANGES IN NET ASSET REALIZED $39,894
UNREALIZED (Trust Mr&Mrs.S.Mehta)
$10,000
TOTAL
$ 49,894
STATEMENT OF POSITION
ASSETS:
Cash SBI- Chicago
$10,422
Cash SBI-Ajmer
$1,929
?
Securities Painewebber, Inc (Unrealized 17,876) $27,543
TOTAL
CURRENT ASSET
$39,894
LIABILITIES AND NET ASSETS:
Future grants for
services (Unrealized
17,876) $37,782
Life
Membership Fund $2,112
TOTAL $ 39,894
OUR GOAL IS TO USE ALL DONATIONS TO HELP THE NEEDY AND THE POOR. OUR
SERVICES ARE FREE.
Health and Happiness, Inc. is
a 501(c)(3) charitable organization for purposes under the Internal Revenue
Code.
Gifts and contributions
are tax deductible as allowed by law.
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