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FINANCIAL ACCOUNTABILITY
YEAR ENDED DECEMBER 31, 1999
Cash
Balance C/F (First National Bank)
$ 11,135.25
REVENUE:
(a) Donations 126,869.00
(b) Life
Memberships($1,962) 0.00
(c) Interest by SBI Chicago
329.00
Other: Expenses
paid by the founder (200.00)
TOTAL
REVENUE
$
127,198.00
TOTAL
REVENUE & BALANCE FROM PREVIOUS YEAR $
138,333.25
LESS:
GRANTS
FOR THE SERVICES OBTAINED THROUGH
RECOGNIZED CHARITABLE ORGANIZATIONS:
(a) Scholarships or assistance to the poor students 21,245.00
(b) Care and assistance to the poor and needy 91,857.00
(c) Care and assistance to the disabled 1,100.00
TOTAL GRANTS $ 114,202.00
EXPENSES:
Filing
fees State and Federal 5.00
Bank
fees
126.00
SBI Transfer Cable Charges 175.00
TOTAL EXPENSES
$
306.00
REVENUE LESS GRANTS
& EXPENSES
$
23,825.25
CHANGES IN NET ASSET :
REALIZED $ 23,825.25
UNREALIZED (Trust Mr&Mrs.S.Mehta)
10,000.00
TOTAL
$ 33,825.25
STATEMENT OF POSITION
.
ASSETS:
Cash (First National Bank
Checking A/C) $ 20,144.25
Checks in transit
(8,550.00)
Cash 2,231.00
TOTAL CURRENT ASSET
$ 23,825.25
LIABILITIES AND NET ASSETS:
Future grants to be
determined for services $ 21,863.25
Life
Membership Fund
1,962.00
TOTAL $ 23,825.25
OUR GOAL IS TO USE ALL DONATIONS TO HELP THE NEEDY AND THE POOR. UR
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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