| |
FINANCIAL
STATEMENT
THE ALOE INSTITUTE
INCOME STATEMENTS
12/31/2008
|
REVENUES |
|
|
| Loss on Sale of
Securities |
$ |
<20,589.00> |
|
Contributions from Clarke CLT |
|
-0- |
|
Earnings on Investments |
|
37,904.00 |
|
TOTAL
REVENUES |
|
17,315.00 |
| |
|
EXPENSES |
|
|
| Depreciation Expense |
$ |
614.00 |
| Loss on
Partnership Investments |
|
2,313.00 |
|
Grants Paid |
|
68,000.00 |
|
Meetings/Travel |
|
717.00 |
|
Professional Fees |
|
1,500.00 |
| Dues and Subscriptions |
|
995.00 |
|
Office Expenses |
|
2,759.00 |
|
Filing Fees |
|
25.00 |
|
Excise Tax |
|
4,038.00 |
|
Trustee Expense |
|
9,000.00 |
|
Foreign Tax Expense |
|
2,292.00 |
|
Administrative Expenses |
|
16,059.00 |
|
TOTAL EXPENSES |
|
108,311.00 |
|
NET
FUND INCOME |
$ |
<90,996.00> |
| |
|
BALANCE SHEET |
| |
|
ASSETS |
|
|
| Equipment |
|
4,424.00 |
| Accumulated Depreciation |
|
<614.00> |
| Receivable |
|
90.00 |
|
Cash/Money Market |
|
32,533.00 |
|
Common Stock |
|
1,014,401.00 |
|
Mutual Funds |
|
282,253.00 |
|
TOTAL
ASSETS |
$ |
1,333,787.00 |
| |
|
LIABILITIES |
|
- - - - - - |
| |
|
FUND BALANCE |
|
|
|
Net Fund Balance |
$ |
<90,996.00> |
|
Prior Fund Balance |
|
1,424,783.00 |
|
TOTAL
LIABILITIES & FUND BALANCE |
$ |
1,333,787.00 |
|
|
