BETTER GOVERNMENT
ASSOCIATION, INC.

Financial
statements

for the

years ended
December 31,
2013 and 2012

BETTER GOVERNMENT ASSOCIATION, INC.

STATEMENTS OF FINANCIAL POSITION

 

 

 

 

 

 

 

DECEMBER 31,
2013 2012
ASSETS
CURRENT ASSETS
Cash 3 1,182,109 1,275,218
Investments 808,524 21,486
Pledges receivable 230,355 300:000
Prepaid expenses 24,288 51,187
2,245,276 1,647,891
PROPERTY AND EQUIPMENT, net
Computers 28,768 32,425
Furniture and equipment 26,196 32,041
Leasehold improvements 2,949 3,686
57,913 68,152
OTHER AS SETS
Pledges receivables, long term 162,322 -
Security deposit 6,391 6,391
Software, net of amortization of $8,892 and $8,616
in 2013 and 2012, respectively - 276
Website, net of amortization of $128,555 and $122,555
in 2013 and 2012, reSpectively 20,000 26,000
188,713 32,667
TOTAL ASSETS 2,491,902 1,748,710

 

See accompanying notes to the ?nancial statements.

-3-

BETTER GOVERNMENT ASSOCIATION, INC.

STATEMENTS OF FINANCIAL POSITION

 

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES
Accounts payable
Accrued liabilities
Deferred rent

TOTAL LIABILITES
NET ASSETS
Unrestricted

Temporarily restricted

TOTAL NET ASSETS

TOTAL LIABILITIES AND NET ASSETS

 

 

 

 

 

 

DECEMBER 31,

2013 2012
30,056 23,222
2,899 15,676
28,588 31,228
61,543 70,126
1,989,544 1,370,446
440,815 308,138
2,430,359 1,678,584
2,491,902 1,748,710

 

See accompanying notes to the ?nancial statements.

BETTER GOVERNMENT ASSOCIATION, INC.

STATEMENT OF ACTIVITIES

 

FOR THE YEAR ENDED DECEMBER 3 l, 2013

 

 

 

 

 

 

 

 

 

Temporarily
Unrestricted Restricted Total
REVENUES AND OTHER SUPPORT
Public support:

Contributions 8 1,556,013 432,677 1,988,690

Contribution in kind 550,134 - 550,134

Membership dues - - -

Special events revenue 996,428 - 996,428
Total public support 3,102,575 432,677 3,535,252
Other revenues:

Miscellaneous 10,600 - 10,600
Total other revenues 10,600 - 10,600
Investment income:

Realized gain 402 - 402

Unrealized gain 735 735

Dividend income 7,982 - 7,982

Interest income 127 - 127
Total investment income 9,246 - 9,246
Total revenues 3,122,421 432,677 3,555,098
Released from restrictions 300,000 (300,000) -

TOTAL REVENUES AND
OTHER SUPPORT 3,422,421 132,677 3,555,098
OPERATING EXPENSES
Program 2,055,439 - 2,055,439
Management and general 326,621 - 326,621
Fundraising 421,263 - 421,263
Total operating expenses 2,803,323 - 2,803,323
CHANGE IN NET ASSETS 619,098 132,677 751,775
NET ASSETS, beginning of year 1,370,446 308,138 1,678,584
NET ASSETS, end of year 1,989,544 440,815 2,430,359

 

See accompanying notes to the ?nancial statements.

-5-

BETTER GOVERNMENT ASSOCIATION, INC.
STATEMENT OF ACTIVITIES

 

REVENUES AND OTHER SUPPORT
Public support:
Contributions
Contribution in kind
Membership dues
Speciai events revenue
Total public support

Other revenues:
Miscellaneous
Total other revenues

Investment income:
Realized gain
Unrealized gain
Dividend income
Interest income

Total investment income
Total revenues

Released from restrictions

TOTAL REVENUES AND
OTHER SUPPORT

OPERATING EXPENSES
Program

Management and general
Fundraising

Total operating eXpenses

CHANGE IN NET ASSETS
NET ASSETS, beginning of year

NET ASSETS, end of year

FOR THE YEAR ENDED DECEMBER 31, 2012

 

Temporarily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrestricted Restricted Total

1,570,283 300,000 1,870,283
541,946 - 541,946
13,430 - 13,430
685,953 - 685,953
2,811,612 300,000 3,111,612
3,650 3,650
3,650 - 3,650
463 - 463
463 - 463
2,815,725 300,000 3,115,725

294,151 (294,151) -
3,109,876 5,849 3,115,725
1,831,212 - 1,831,212
317,391 - 317,391
398,770 - 398,770
2,547,373 - 2,547,373
562,503 5,849 568,352
807,943 302,289 1,110,232
1,370,446 308,138 1,678,584

 

See accompanying notes to the ?nancial? statements.

-6-

BETTER GOVERNMENT ASSOCIATION, INC.

STATEMENT OF FUNCTIONAL EXPENSES

Salaries and wages
Employee bene?ts

Payroll taxes
Accounting

Conference and meetings
Depreciation and amortization
DUes and subscriptions
Equipment rental

Fundraisin 
I nsu ran ce
investigative
Legal
Marketing
Postage

Policy and government affairs

Rent

Special events
Supplies
Telephone

Training and development

Travel
Utilities

Watchdog training unit

Website

Total functional expenses

Investigative

Policies
Advocate

FOR THE YEAR ENDED DECEMBER 31, 2013

PROGRAM

Citizen
Watchdog

Civic
Engagement

Total

Management
and General

SUPPORT

Fundraising

Total

Organization
Total

 

587,783
97,907
45,212
29,974

1,311
8,363
3,524
12,871
40,598
253,133
171,373

841

36,722

11,431
9,680
1,629

84
2,410

49,020

3 100,692
21,320

9,845

8,519

373

2,914

3,235

3,658

11,539

43,703
232
70,458
10,437
3,249
2,751
466
950
685

26,925

5 26,285 1
8,318

3,841

2,037

89

1,268

136

875

2,760

1 1,649

17,071
17,441
8,054
4,388
192
1,864
3,192
1,884

5,943

25,086

54,080

56

2,496
777
658
261

57

164
3,565
20,250

120

5,375
1,673
7,747
1,743
199
353

22,6 70

831,831
144,986
66,952
44,918

1,965

14,409

10,087

19,288

60,840
253,133
256,816

54,080

1,249

70,458

55,030

17,130

20,836

4,099
1,290
3,612
3,565
118,865

148,431
45,804
21,153

9,173
401
2,330
605
3,939

12,425

52,446

250

11,238

3,495
2,962
106
1,093
738

10,032

3 91,944
12,780

5,901

2,767

121

1,303

916

1,188

27,711

3,748

15,821
76
3,390
227,660
1,304
1,079
3,253
799

223

19,279

240,375
58,584
27,054
11,940

522
3,633
1,521
5,127

27,71 1
16,173

68,267

326

14,628
227,660
4,799
4,041
3,359
1,892
961

29,311

3 1,072,206
203,570
94,006
56,858
2,487
18,042
11,608
24,415
27,711
77,013
253,133
325,083
54,080
1,575
70,458
69,658
227,660
21,929
24,877
7,458
3,182
4,573
3,565
148,176

 

8 1,363,866

326,956

85,542 2

79,075

2,055,439

See accomparymg notes to the?nancml statements.

-7-

326,621

421,263

8

747,884

8 2,803,323

BETTER GOVERNMENT ASSOCIATION, INC.

STATEMENT OF FUNCTIONAL EXPENSES

Salaries and wages
Employee bene?ts

Payroll taxes

Accounting

Con ferencc and meetings
Depreciation and amortization
Dues and subscriptions
Equipment rental

undraising

Insurance

Investigative

Legal

Marketing

Postage

Policy and govemement affairs
Rent

Special events

Supplies

Telephone

Training and development
Travel

Utilities

Watchdog training unit
Website

Total functional expenses

FOR THE YEAR ENDED DECEMBER 31, 2012

 

PROGRAM

SUPPORT

 

Investigative

Policies
Advocate

Civic
Engagement

Citizen
Watchdog

Total

Management
and General

Fundraising

Total

Organization
Total

 

537.872
117,314
44,044
27,303
518
23,637
1,554
12,602
16,223
58,426
280,373
1,556
990

35,546

10,463

10,664

102

28?

1,752

9,140

5 1,190,866

5 124,011
21,376

8,026

6,143

1 17

9,486

2,293

2,836

3,650

63,088
350
223

28,708

7998

2,268

2,604

23

769

394

4,362

8 288,725

34.935 
8,224

121,022
21,645
3,106 8,126
1,587 5,991
30 1 14
6,439 9,384
77 1,617
733 2,777

943 3,560
16,298 61,518
90 8,247

58 233

2,066 7,799

588 2,624
605 5,805
6 972
41 1 970
102 384
4,824 -
3,333 4,328
84,505 5 267,1 16

See accompanying notes 1'0 rhe?nancm! 51mm ems.

-3-



817,840
168,609
63,302
41,024
779
48,946
5,541
18,948
24,3 76
58,426
421,277
10,243
1,504
28,708
53,409

15,943
19,678
1,103

2,632
4,824
21,163
1,831,212

143,256
31,919

11,984

8,024

153

5,400

393

3,227

4,798
82,914
460
293

10,512
2,978
3,075

30
4,403
518

2,004
5 312,391

5 86,154
16,048
6,025
4,40?
84
2,947
3,795
2,034
18,862
2,619
45,255
251
1,801
5,737
189,870
2,734
2,162
16

5,01 1
283
2,675

398,770



229,910
47,967
18,009
12,481
237
8,347
4,188
5,761
18,862
7,417
128,169
71 I
2,094
16,249
189,870
5,712
5,237
46
9,414
801
4,629
716,161

8 1.047.250
216,576
81,31 1
53,505
1,016
57,293
9,729
24,709
18,862
31,793
58,426
549,446
10,954
3,598
28,708
69,658
189,870
21,655
24,915
1,149
12,351
3,433
4,824
25,842
2,547,373

BETTER GOVERNMENT ASSOCIATION, INC.

STATEMENTS OF CASH FLOWS

 

 

 

CASH FLOWS FROM OPERATING ACTIVITIES
Change in net assets 
Adjustments to reconcile change in net assets to net

cash provided by Operating activities:

Depreciation and amortization
Deferred rent
Donation of stock
Realized gain on sale of investments
Unrealized gain on investments
(Increase) decrease in:

Pledges receivable

Prepaid expenses
Increase (decrease) in:

Accounts payable

Accrued liabilities

 

NET CASH PROVIDED BY OPERATING ACTIVITES

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
Purchase of other assets
Purchase of investments
Proceeds on sale of investments

 

NET CASH USED IN INVESTING ACTIVITIES

 

NET (DECREASE) INCREASE IN CASH

CASH, beginning ofyear

 

CASH, end of year 

 

FOR THE YEARS ENDED
DECEMBER 31,
2013 2012
751,775 568,352
18,042 57,293
(2.640) 8,010
(227) (21,486)
(402) 
(735) -
(92,677) 2,289
26,899 (21,219)
6,834 5,704
(12,777) (3,775)
694,092 595,168
(1,527) (5,694)
- (25,000)
(807,562) -
21,888 -
(787,201) (30,694)
(93,109) 564,474
1,275,218 710,744
1,182,109 1,275,218

 

See accompanying notes to the ?nancial statements.

-9-