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1998 Annual Financial Report

The tables on these pages reflect a summary of MAP International's financial position and activities as of Sept. 30, 1998. Full financial statements audited by our independent auditors, Ernst & Young, are available upon request.

STATEMENT OF FINANCIAL POSITION

Assets  
Cash and cash equivalents $458,389
Accounts receivable
(net of allowance for doubtful accounts of $24,558 in 1998)		 163,604
Other receivables 100,826
Inventories  

Purchased

 50,412

Donated

 24,789,645
Prepaid expenses and other assets 10,190
Investments 2,998,177
Net property, plant and equipment 1,913,705
Total Assets $30,484,948

 

Liabilities  
Accounts payable $346,049
Deposits 93,046
Accrued expenses 272,325
Notes and bonds payable 1,670,638
Annuities and trust payable 435,678
Total Liabilities $2,817,736

 

Net Assets  
Unrestricted (deficit) ($1,555,067)
Temporarily restricted 25,394,053
Permanently restricted 3,828,226
Total Net Assets 27,667,212
Total Liabilities and Net Assets $30,848,948

 

STATEMENT OF ACTIVITIES

Support and Revenue  
Support  

Cash contributions

 $2,996,576

Gift-in-kind contributions

 99,349,597

Government grants

 212,743
Revenue  

Service Fees

 1,920,832

Other Revenue

 366,417
Total Support and Revenue $104,846,165

 

Expenses  
Program Services  

Essential Medicines

 119,246,809

Disease prevention & eradication

 6,127,474

Community health services

 11,535,741

International health education

 1,075,601
Total Program Services $137,985,625
Supporting Services  

General and administrative

 $582,013

Fund-raising

 1,111,990
Total Supporting Services 1,694,003
Total Expenses $139,679,628

 

Net Assets  
(Decrease) Increase in net assets before cumulative effect of change in accounting principle ($34,833,463)
*Increase (decrease) in net assets (34,833,463)
Net assets at beginning of year 62,500,675
Net assets at end of year $27,667,212

*Two extraordinary Gift-in-Kind Contributions were received and recorded as revenue in FY 1997 and distributed as expenses in
FY 1998, thereby accounting for the significant variance between
Total Revenue and Total Expense in our FY 1998 Statement of Activities.

FY 1997 Annual Report

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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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