POSSO
Portuguese Organization for Social Services and Opportunities
Financial Statement
PORTUGUESE ORGANIZATION FOR SOCIAL SERVICES AND OPPORTUNITIES
STATEMENT OF SUPPORT. REVENUE AND FOR THE FISCAL YEAR ENDED JUNE 30, 2009
EXPENSES. AND CHANGES IN FUND BALANCES WITH COMPARATIVE TOTALS FOR THE
FISCAL YEAR ENDED JUNE 30, 2008
TOTAL FUNDS TOTAL FUNDS
JUNE 30 JUNE 30
Temporarily
REVENUE: Unrestricted Restricted 2009 2008
PUBLIC SUPPORT
Public Support Received Directly:
Contributions
$38,422
$38,422
$47,173
In-Kind contributions
27,420
27,420
15,438
Special events ( Net of expenses)
61,399
61,399
87,255
Total Support Received Directly
127,241
127,241
149,866
Received Indirectly:
United Way
Government Grants
174,361
 
174,361
383,011
Other Grants
13,500
13,500
40,000
Total Support Received Indirectly 187,861   187,861
423,011
Total Public Support
315,102
 
315,102
572,877
OTHER REVENUE
Rent
31,238
31,238
31,940
Program Service Fees
54,227
54,227
87,112
Other
177
177
345
Newsletter
5,422
5,422
4,445
Interest
25
25
4
Total Other Revenue
91,089
91,089
123,846
Net assets released from restrictions
 
Total Support and Other Revenue
406,191
406,191
696,723
EXPENSES:
PROGRAM SERVICES
Escort Services
66,887
66,887
55,460
Social Services
110,069
110,069
131,752
Nutrition Program
111,709
111,709
81,583
Immigration
31,765
31,765
25,902
Senior Wellness Program
52,630
52,630
41,349
Total Program Services
373,060
373,060
336,046
SUPPORT SERVICES
Management and General
25,724
25,724
20,540
Fundraising
8,712
8,712
6,555
Building
54,959
54,959
41,032
Total Support Services
89,395
89,395
68,127
Payments to affiliated organizations
61,047
Total Operating Expenses
462,455
462,455
465,220
Change in net assets from operations
(56,264)
(56,264)
231,503

 

Note: POSSO undertook a major kitchen renovation during FY 2007-08. The change in net assets from operations appears artificially inflated due to construction funds awaiting disbursement.