Statement of Financial Position

Current Liabilities
Accounts payable 5,405
Accrued wages,
benefits and taxes 20,720
Current portion of SBA loans 166,281

Total current liabilities 192,406

Long-term Debt
SBA loans payable 786,906

Total liabilities 979,312

Net Assets
Unrestricted
Operating 410,819
Fixed assets 8,212
Unrestricted total net assets 419,031
With donor restrictions 565,048

Total Net Assets 984,079

Total Liabilities
and Net Assets 1,963,391

Current Assets
Cash -operating 393,570
Accounts receivable 6,979
Prepaid expenses 168
Grants receivable 121,752
Unconditional
promises to give 2,150
Microloan notes receivable 240,977

Total Current Assets 765,596

Property and Equipment
Office equipment 32,237
Less: Accumulated
Depreciation (24,025)

Total Property
and Equipment 8,212

Other Assets
Cash –restricted 685,862
Long-term portion:
Microloan notes receivable 478,940
Rent deposit 1,324

Total Other Assets 1,166,126

Beneficial Interest
in Endowment 23,457

Total Assets 1,963,391