Financial
Summary
DVG continued to maintain a strong financial
position in 2005. Below are Statements of Financial
Position and Activities for the fiscal year
ended December 31, 2005.
Copies of DVG's complete audited financial statements
and Form 990 for the 2005 fiscal year are available
by linking to the Financial
Information page under About DVG section
of this Web site.
STATEMENT OF FINANCIAL
POSITION
For the Year Ended December 31, 2005
(With Comparative Totals for 2004)
CURRENT
ASSETS |
2005 |
2004 |
Cash and Cash
Equivalents |
$209,259 |
$184,836 |
Accounts Receivable |
4,118 |
- |
Prepaid Expenses |
4,902 |
5,617 |
Total Current
Assets |
218,279 |
190,453 |
NONCURRENT
ASSETS |
|
|
Furniture and
Equipment |
3,213 |
8,130 |
Security Deposit |
1,460 |
1,460 |
|
|
|
|
TOTAL
ASSETS |
$222,952 |
$200,043 |
|
|
|
LIABILITIES
AND NET ASSETS |
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
Accounts Payable |
$7,969 |
$11,375 |
Accrued Expenses |
8,012 |
550 |
Total Current
Liabilities |
15,981 |
11,925 |
|
|
|
NET
ASSETS |
|
|
Unrestricted |
149,445 |
123,624 |
Temporarily
Restricted |
57,526 |
64,494 |
Permanently
Restricted |
- |
- |
Total Net Assets |
206,971 |
188,118 |
|
|
|
|
TOTAL
LIABILITIES and NET ASSETS |
$222,952 |
$200,043 |
STATEMENT OF ACTIVITIES
For the Year Ended December 31, 2005
(With Comparative Totals for 2004)
Revenues |
2005 |
2004 |
Dues* |
$299,050 |
$316,275 |
Fees & Other Income |
33,303 |
28,346 |
Grants |
87,560 |
47,550 |
Interest |
4,666 |
1,793 |
Total Revenues |
$424,579 |
$393,964 |
|
|
|
Expenses |
2005 |
2004 |
Program Services |
|
|
- Member Services |
153,985 |
151,505 |
- Conferences & Meetings |
123,683 |
126,697 |
- Special Initiatives |
34,193 |
30,543 |
Total Program Services |
311,861 |
308,745 |
|
|
|
Support Services
- Management and General |
93,865 |
84,178 |
|
|
|
Total Expenses |
405,726 |
392,923 |
|
|
|
Change in net assets |
18,853 |
$1,041 |
|
|
|
Net Assets |
|
|
Beginning of Year |
188,118 |
187,077 |
End of Year |
$206,971 |
$188,118 |
* Approximately $56,000 of dues collected
in 2004 is attributed to 2005 membership.
|
