Financial
Summary
DVG continued to maintain a strong financial
position in 2006. Below are Statements of Financial
Position and Activities for the fiscal year ended
December 31, 2006 with comparative totals for
the prior year.
Copies of DVG's complete audited financial statements and Form 990 for the 2006
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, 2006
(With Comparative Totals for 2005)
CURRENT ASSETS |
2006 |
2005 |
Cash and Cash Equivalents |
$276,365 |
$209,259 |
Dues & Grants Receivable |
112,000 |
- |
Other Receivable |
- |
4,118 |
Prepaid Expenses |
8,475 |
4,902 |
Total Current Assets |
396,840 |
218,279 |
NONCURRENT ASSETS |
|
|
Dues & Grants Receivable |
17,000 |
- |
Furniture and Equipment |
3,431 |
3,213 |
Security Deposit |
1,460 |
1,460 |
|
|
|
TOTAL ASSETS |
$418,731 |
$222,952 |
|
|
|
LIABILITIES AND
NET ASSETS |
|
|
|
|
|
CURRENT LIABILITIES |
|
|
Accounts Payable |
$8,504 |
$7,969 |
Accrued Expenses |
8,003 |
8,012 |
Total Current Liabilities |
16,507 |
15,981 |
|
|
|
NET ASSETS |
|
|
Unrestricted |
226,477 |
149,445 |
Temporarily Restricted |
175,747 |
57,526 |
Total Net Assets |
402,224 |
206,971 |
|
|
|
TOTAL LIABILITIES
and NET ASSETS |
$418,731 |
$222,952 |
STATEMENT OF ACTIVITIES
For the Year Ended December 31, 2006
(With Comparative Totals for 2005)
Revenues |
2006 |
2005 |
Dues |
$425,910 |
$299,050 |
Fees & Other Income |
50,328 |
54,903 |
Grants |
146,765 |
65,960 |
Interest |
11,245 |
4,666 |
Total Revenues |
$634,248 |
$424,579 |
|
|
|
Expenses |
2006 |
2005 |
Program Services |
|
|
- Member Services |
161,852 |
153,985 |
- Conferences & Meetings |
137,670 |
123,683 |
- Special Initiatives |
39,580 |
34,193 |
Total Program Services |
339,102 |
311,861 |
|
|
|
Support Services
- Management and General |
99,893 |
93,865 |
|
|
|
Total Expenses |
438,995 |
405,726 |
|
|
|
Change in net assets |
195,253 |
18,853 |
|
|
|
Net Assets |
|
|
Beginning of Year |
206,971 |
188,118 |
| |
|
|
End of Year |
$402,224 |
$206,971 |
|
