LEGAL ADVERTISEMENT
The St. John’s/St. Vincent’s Home for Children, Inc., a private, non-profit organization, 501(c)(3), owned by the Roman Catholic Diocese of Wheeling-Charleston, pursuant to WV Code 16-5F-1, et. seq. and WV C.S.R. 65-13-3, hereby submits a financial disclosure requirement for the FY ending 6/30/15. All information is available for public inspection and copying at the Health Care Cost Review Authority, 100 Dee Drive, Charleston, WV 25311.
STATEMENTS OF FINANCIAL POSITION
ASSETS:
Current Assets:
Unrestricted cash $500,953
Restricted Cash $8,548
Total cash and cash equivalents $509,501
Account Receivable net $122,133
Other Receivables $13,764
Prepaids $16,190
Investments at Fair Market Value $6,025
Property & Equipment, net $1,499,647
Total Current Assets $2,167,260
LIABILITIES:
Current Liabilities:
Accounts payable $11,285
Accrued expenses $13,418
Total current liabilities $24,703
Net assets:
Unrestricted
Undesignated $1,779,767
Board Designated $354,242
Total Unrestricted $2,134,009
Temporarily restricted $8,548
Total net assets $2,142,557
Total liabilities and net assests $2,167,260
STATEMENT OF ACTIVITIES
SUPPORT:
Government revenue and support $869,839
Diocese of Wheeling-Charleston $174,000
Rental Income $19,200
Contributions $152,315
Grants $18,001
Fundraising income $14,360
Interest Revenue $10,718
Royalty Revenue $392
Unrealized Gain $1,037
Loss from disposal of assets $(413)
Miscellaneous $10,987
TOTAL SUPPORT AND REVENUE $1,270,436
Net assets released from restrictions $14,243
FUNCTIONAL EXPENSES:
Program Services $864,612
Management and general expenses $170,711
Fundraising $68,068
TOTAL FUNCTIONAL EXPENSES $1,103,391
INCREASE IN NET ASSETS $167,045
NET ASSETS, BEGINNING OF YEAR $1,975,512
NET ASSETS, END OF YEAR $2,142,557
STATEMENT OF CASH FLOWS
Cash Flows from Operating Activities:
Increase in net assets $167,045
Adjustments to reconcile increase in net
assets to net cash provided by operating
activities:
Depreciation $72,733
Loss on Disposal of property
& equipment $413
Unrealized gain on investment $(1.037)
(Increase) decrease in operating
assets:
Accounts receivable $(33,921)
Other receivables $4,458
Prepaids $18,146
Increase (decrease) in operating liabilities:
Accounts payable $(759)
Accrued expenses $2,533
Net cash provided by operating activities $229,611
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment $(35,313)
Net cash used by investing activities $(35,313)
CASH FLOWS FROM FINANCING ACTIVITIES:
payment on long-term debt $(70,080)
Net cash provided (used) by financing
activities $(70,080)
Increase in cash $124,218
CASH BEGINNING OF YEAR $385,283
CASH & RESTRICTED CASH,
END OF YEAR $509,501
SUPPLEMENTAL INFORMATION
Interest Paid $1,394
Intelligencer Nov. 28, 2016
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