MMMF Financial Statement

Financial Statement Summary FY11

CHANGES IN UNRESTRICED NET ASSETS
Contributions and other revenues	$
Cash donations	87,941
Non-monetary (in-kind) contributions	59,755
Special fund-raising events	49,262
Less: direct expenses	(1,260)
Miscellaneous revenue	2
Total contributions and other revenue (A)	195,700
Expenses
Program services
Grants and other recipient expenses	189,636
Other program expenses	39,503
Supporting services
Fund-raising expenses	37,152
Management and general	36,454
Total expenses (B)	302,745
Decrease in net assets before investment return (loss) (C=A-B)	(107,045)
Net Investment income (D)	404,062
Increase in unrestricted net assets (C+D)	297,017
Net assets at beginning of year	2,140,048
Net assets at end of year	2,437,065
Notes: Full audited financial statements are available for inspection upon request. The following non-monetary (in-kind) contributions totaling $59,755 were received and are included above in both revenues and expenses: $43,417 from WBG for office space, communications, printing and administrative/event support; and $16,338 for pro-bono legal support. MMMF also benefits from significant volunteer time to carry out its management and program.