Financials JULY 1, 2020–JUNE 30, 2021
At ILAO we understand that we are stewards of the gifts made by donors and maintaining strong finances is critical to achieving our mission. A dedicated Finance Director and engaged Finance Committee oversee fiscal reporting and spending. We are continuously researching best industry best practices and staying abreast of changes in accounting rules. These robust practices have positioned ILAO to be in one of its strongest financial positions in its history and ready to meet the challenges of the next 20 years!
INCOME SOURCES Fiscal Year 2021
FUNCTIONAL EXPENSES Fiscal Year 2021
PROGRAM EXPENSE BY AREA
Foundations Contributions
Special Events Earned Revenue
Program Administration Fundraising
Technology Development Content Development Outreach/External Relations
In-Kind
Other Income
FINANCIAL STABILITY Days of Working Capital
BALANCE SHEET
FY2021
FY2020
Cash
$443,787 681,575 26,267 180,507
$446,992 1,160,446
Recievables
Prepaid Expenses Net Website Asset Net Fixed Assets
26,730 223,179
6,474
3,676
Total Assets
$1,338,610
$1,861,023
Accounts Payable Accrued Liabilities Long Term Liabilities
$77,989 48,877
$149,329
FY 2021 FY 2020 FY 2019
52,051 81,644
1,036
Total Liabilities
$127,902
$283,024
Net Assets
$1,210,708
$1,577,999
Total Liabilities and Net Assets
$1,338,610
$1,861,023
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