| |
FINANCIAL
STATEMENT
THE ALOE INSTITUTE
INCOME STATEMENTS
12/31/2007
|
REVENUES |
|
|
| Gain on Sale of
Securities |
$ |
138,951.00 |
|
Contributions from Clarke CLT |
|
25,746.00 |
|
Earnings on Investments |
|
53,313.00 |
|
TOTAL
REVENUES |
|
218,010.00 |
| |
|
EXPENSES |
|
|
| Loss on
Partnership Investments |
$ |
3,562.00 |
|
Grants Paid |
|
10,000.00 |
|
Meetings/Travel |
|
270.00 |
|
Professional Fees |
|
1,979.00 |
|
Office Expenses |
|
1,116.00 |
|
Miscellaneous Expenses |
|
54.00 |
|
Excise Tax |
|
3,901.00 |
|
Trustee Expense |
|
1,800.00 |
|
Foreign Tax Expense |
|
1,483.00 |
|
Administrative Expenses |
|
25,516.00 |
|
TOTAL EXPENSES |
|
49,681.00 |
|
NET
FUND INCOME |
$ |
168,329.00 |
| |
|
BALANCE SHEET |
| |
|
ASSETS |
|
|
|
Cash/Money Market |
|
28,932.00 |
|
Common Stock |
|
972,428.00 |
|
Mutual Funds |
|
423,423.00 |
|
TOTAL
ASSETS |
$ |
1,424,783.00 |
| |
|
LIABILITIES |
|
- - - - - - |
| |
|
FUND BALANCE |
|
|
|
Net Fund Income |
$ |
168,329.00 |
|
Prior Fund Balance |
|
1,256,454.00 |
|
TOTAL
LIABILITIES & FUND BALANCE |
$ |
1,424,783.00 |
|
|
