1997 Annual Financial Report
The tables on these pages reflect a summary of MAP International's financial position and activities as of Sept. 30, 1997. Full financial statements audited by our independent auditors, Ernst & Young, are available upon request.
STATEMENT OF FINANCIAL POSITION
| Assets | |
| Cash | $1,031,434 |
| Accounts receivable (less allowance for doubtful accounts, $15,707) |
117,661 |
| Other receivables | 102,769 |
| Inventories | |
|
47,068 |
|
58,971,330 |
| Prepaid expenses and other assets | 17,195 |
| Investments | 3,146,588 |
| Net property, plant and equipment | 1,898,190 |
| Interfund balances | 0 |
| Total Assets | $65,332,235 |
| Liabilities | |
| Accounts payable | 471,577 |
| Deposits | 117,117 |
| Accrued expenses | 243,117 |
| Notes and bonds payable | 1,317,871 |
| Annuities and trust payable | 681,878 |
| Total Liabilities | $2,831,560 |
| Net Assets | |
| Unrestricted | (1,636,472) |
| Temporarily restricted | 60,011,271 |
| Permanently restricted | 4,125,876 |
| Total Net Assets | 62,500,675 |
| Total Liabilities and Net Assets | $65,332,235 |
STATEMENT OF ACTIVITIES
| Support and Revenue | |
| Support | |
|
$3,854,860 |
|
141,758,104 |
|
218,962 |
| Revenue | |
|
1,520,076 |
|
845,922 |
| Total Support and Revenue | $148,197,924 |
| Expenses | |
| Program Services | |
|
27,940,975 |
|
83,522,135 |
|
1,685,906 |
|
87,130 |
|
894,142 |
| Total Program Services | $114,130,288 |
| Support Services | |
|
688,303 |
|
1,348,364 |
| Total Supporting Services | 2,036,667 |
| Total Expenses | $116,166,955 |
| Net Assets | |
| Increase in net assets before cumulative effect of change in accounting principle | 32,030,969 |
| Cumulative effect of change in accounting principle | 78,918 |
| Increase in net assets | 32,109,887 |
| Net assets at beginning of year | 30,390,788 |
| Net assets at end of year | $62,500,675 |
MAP International is a
nonprofit Christian relief and development organization.
Contact us in the U.S. at mapus@map.org or
800-225-8550.
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