Pro Mujer was funded by Lynne Patterson and Carmen Velasco. Today, we are very sustainable, earning more that $53,070,394 in loans (as of 2015), $4,829,741 from grants and contributions, and $272,530 from in-kind contributions. We also have several investors such as the Calvert Foundation, the Mercy Partnership Fund, Feed the Hunger, Sisters of St. Dominic, and The Osprey Foundation, whom contribute to our project. Our operating expenses the past few years were the following (in dollars), however they are covered by our assets. Operating expenses 2015 2014 Credit and other program services 44,555,695 45,374,794 Management and general 3,575,339 3,568,804 Fundraising and development 1,954,000 2,039,317 Total Operating Expenses 50,085,034 50,085,034 Change in net assets before non-operating expenses 336,586 3,382,539 Income tax expense (1,098,837) (1,172,563) Translation adjustment (3,558,178) (2,094,457) Prior year adjustment (248,852) _______- Change in Net Assets (4,569,281) 115,519 Net assets, beginning of the year 60,862,935 60,747,416 Net Assets, End of Year 56,293,654 60,862,935 …show more content…
For the medical division we will need all the equipments and drugs to treat/diagnose out patients. Since we have a focus on diagnosing cancer we will need the equipment necessary to run the tests in order to diagnose the disease in a patient. For the education service we will need the material necessary to provide our students with just, clear and reliable content, so they can improve and become more developed. For the micro-finance services, we will need the facilities, personnel and equipments necessary to offer our clients and donors/partners a reliable deal, so that everyone profits from
There is very little information available about possible philanthropy. In 2013, they gave $25,000 to the Miami Children’s Health Foundation. They have also made at least 3 $5,000-$9,999 gifts to Blythedale Children’s Hospital and gifts of unknown sizes to Friends of the University of Nottingham America.
According to exhibit # 2, in order to break even annually, the clinic will have to cover the total operating expenses of $690,000. That means that the clinic will have to perform 986 scan per year, or approximately 4 scans per day to achieve this goal. Considering that the equipment in the clinic is capable of much more, this operation should have no problem in reaching and exceeding its goal daily if proper measures are put into place.
References to Handbook — Accounting Part III apply to NPOs that have adopted accounting standards for not-for-profit organizations (ASNPO).
In order to calculate operating costs, we need to take into account the depreciation of the assets from the balance
Some of the operating expenses incurred would be selling, general, and administrative; also research, development, and engineering. They are treated as period costs because as they are accrued or incurred, they are allocated for a designated period an labeled as period costs. Two common examples of period costs are Marketing/Selling and Administrative. Such costs usually occur either after the manufacturing stage or outside the factory.
assets to fund operations and pay expenses. Continued low sales and limited assets is a
Although the law can be challenged in some cases, there are still others that successfully support the law. In the case Luis v. United States, Sila Luis was indicted in the state of Florida on Medicare defrauding charges in the amount of $40 million dollars. This case came before the Supreme Court because the prosecutors of this case obtained a pretrial ordering to freeze her assets, “tainted” and legitimate (Root, 2016). They felt even the legitimate assets Luis had could be traced back to the crime at hand, and amounted to an estimated $15 million that could not be connected to any alleged activities (Root, 2016).
Even though most of these expenses are not of big magnitude their value can add up and affect the company’s finances. Some of these items are accrued time for employees, bonuses, benefits, utilities, improvements and taxes. Some additional sources of working capital include; cash reserves, profits, equity loans, line of credit, and long term loans.
This is a follow up on the urgent actions taken based on the emergency meeting held on the 3rd of August, of the MIRAKA baby formula case.
After reviewing our income statement for the ended month of September, our revenues were greater than our expenses. For our revenues, our rent revenue totaled $2600; utilities revenue $36; miscellaneous revenue $3,498; and our gain on sale was $515. For our expenses, our rent expense was $1802; utilities expense $80; miscellaneous expense $880; depreciation expense $74.25; other expense $62; property tax expense $258; luxury tax expense $300; and federal income tax expense
Mrs.Gonzales, a 46-year-old female, was experiencing nausea, vomiting, abdominal pain, and a fever of 101 °F when she first got admitted. After, she was quickly diagnosed with cholecystitis and later developed tachypnea and respiratory distress. A chest x-ray also revealed a diagnosis of pneumonia. Over the next 10 days, Mrs. Gonzales would be intubated and experience several unsuccessful extubation attempts that required immediate re-intubation. After so many failed attempts the nurse started to grow fond of her patient and was determined to help her succeed in her extubation attempts. So she consulted and devised a plan. In order to keep Mrs.Gonzales calm before her next extubation attempt the nurse combed and washed her hair, stroked her
In review of the operating costs, overhead and administration have increased by 8% from 2008-2011 or $116,870. In addition salary dollars continue to increase from 2008-2011 by $111,150 with no efforts to flex. The other expenses are staying steady in proportion to gross revenues. There may be opportunities in these areas however salaries and overhead is the greatest opportunity to scale back costs and contribute to increased net income and ultimately positive cash flows. Flexing salaries and benefit to 44% of gross revenue and reducing overhead and expenses to 10% of gross revenue is recommended for Ms. Ringer to increase net income to $152,956 and equity to $240,214 (exhibit Operating Statements-2012 proforma).
Operating expenses includes production costs, such as direct labor, indirect labor, inventory carrying costs, equipment depreciation, materials and supplies used in production, and administrative cost. This was not happening at Alex’s plant. His inventories had increased over the past six or seven months and operational expense also increased. This meant he had a lot of work to do to keep his plant open and he was now aware of it.
........................................................................7 7.0 Financial Plan .........................................................................................................................................7 7.1 Start-up Funding ...........................................................................................................................7 7.2 Important Assumptions ..................................................................................................................8 7.3 Break-even Analysis ......................................................................................................................8 7.4 Projected Profit and Loss ..............................................................................................................9 7.5 Projected Cash Flow....................................................................................................................12 7.6 Projected Balance Sheet .............................................................................................................14 7.7 Business Ratios ...........................................................................................................................15
tangible assets, and therefore have to be restated differently. However, we do not know the costs