Starke United - Who We Are - Financial Reporting

Financial Reporting

STARKE UNITED, INC
Knox, Indiana
STATEMENTS OF ASSETS, LIABILITIES, AND NET ASSETS
As of December 31, 2003

Assets
Current Assets:	2003	2002
Cash	$109,221	$84,414
Pledges receivable, net of allowance for uncollectible pledges of $16,982 and $19,861 for 2003 and 2002, respectively	52,321	54,310
Prepaid Insurance	556	561
Total Current Assets	$162,108	$139,285

Property and Equipment:
Office Equipment	$7,060	$6,635
	7,060	6,635
Less: Accumulated Depreciation	5,942	4,573
Net Property and Equipment	$1,118	$2,062

Other Assets:
Endowment Fund	$22,451	$13,805

Total Assets	$185,677	$155,151

Liabilities and Net Assets
Current Liabilities:	2003	2002
Accounts Payable	$537	$134
Payroll Taxes Payable	1,241	555
Allocations Payable	22,831	20,447
Total Current Liabilities	$24,609	$21,136
Total Liabilities	$24,609	$21,136

Net Assets:
Unrestricted	$92,914	$69,846
Temporarily Restricted	46,602	47,617
Permanently Restricted	21,552	16,552
Total Net Assets	$161,068	$134,015

Total Liabilities and Net Assets	$185,677	$155,151

The above represents condensed information as of December 31, 2003, and for the fiscal year then ended. Audited financial statements are available upon request.

Click here for the Starke United 2002 Annual Report.


Some of the links on this page may require the Adobe Reader to view them. The Adobe Reader is available for download free of charge, by clicking on the logo below. Additionally, as these links require the launching of an external application (Adobe Reader), this page may not function correctly when viewed in Netscape 3.x or lower. For best results, please view this page in Netscape 4.x or higher or a current version of Internet Explorer. To download the latest version of Netscape or Internet Explorer free of charge, simply click on the logo below.

Privacy Statement

Legal Notice

Website hosted by: