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rmn financial statement 2009

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2 Reconciling Ministries Network Statements of Financial Position December 31, 2009 and 2008 2009 2008 Assets Current Assets Cash $ 187,748 $ 166,127 Pledges, grants and accounts receivable 47,651 73,553 Inventory 18,729 19,229 Prepaid expenses 3,064 3,715 Total Current Assets 257,192 262,624 Non-Current Assets Property and equipment 4,599 9,707 Deposits 3,101 Assets restricted to use in affiliated programs Cash 289,984 284,818 Total Non-Current Assets 294,583 297,626 Total Assets $ 551,775 $ 560,250 Liabilities Current Liabilities Accounts payable $ $ 5,132 Accrued payroll liabilities 100 65 Total Current Liabilities 100 5,197 Net Assets Unrestricted net assets Operating 256,691 265,235 Board designated 5,000 5,000 Total Unrestricted 261,691 270,235 Temporarily restricted net assets 289,984 284,818 Total Net Assets 551,675 555,053 Total Liabilities and Net Assets $ 551,775 $ 560,250 The accompanying notes are an integral part of the financial statements.

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