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Financial Statements
EGC takes very seriously our responsibility to be excellent stewards of the resources the Lord provides. The Center is audited annually, and a snapshot of the results of this year’s audit is presented here. Copies of our full audit are available below. We have been members in good standing of the Evangelical Council for Financial Accountability since 1996 (www.ecfa.org).
We are grateful to the many individuals, couples, families, churches, foundations, and organizations that support the Center every year. On behalf of the Board of Directors and staff, thank you for your partnership with us in ministry through your financial support and your prayers.
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Skip Galanes
Treasurer, EGC Board of Directors
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Jeffrey Bass
Executive Director
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Statement of Financial Position
Year Ending June 30, 2011
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ASSETS |
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Current assets |
$283,832 |
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Property and equipment, net |
$937,847 |
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Other assets |
$210,151 |
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TOTAL ASSETS:
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$1,431,830 |
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LIABILITIES AND NET ASSETS |
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Total liabilities |
$538,744 |
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Total net assets |
$893,086 |
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TOTAL LIABILITIES AND NET ASSETS:
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$1,431,830 |
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Net Assets, beginning of year |
$993,511 |
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Change in Net Assets |
($100,425) |
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NET ASSETS, END OF YEAR:
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$893,086 |
Expenditures
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Program Services |
$1,481,558 |
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General & Admin. |
$306,170 |
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Fundraising |
$190,590 |
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Total Expenditures: |
$1,978,318 |
Revenue
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Individuals |
$807,266 |
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Churches & Org. |
$268,826 |
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Grants |
$635,977 |
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Other |
$165,824 |
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Total Revenue: |
$1,877,893 |
Past financial audited statements:
Emmanuel Gospel Center is a member of the Evangelical Council for Financial Accountability
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