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This summary of financial information has been extracted
from The Marine Mammal Center’s audited financial statements,
on which an independent public accounting firm, Louie &
Wong, expressed an unqualified opinion. Copies of the audited
financial statements or IRS Form 990 are available on request
by contacting The Marine Mammal Center, Director of Finance
and Administrative Services at 415.289.7336 or by mail:
Finance Department
The Marine Mammal Center
Marin Headlands
1065 Fort Cronkhite
Sausalito, CA 94965
For individual state registration information as required
by law, please click
here.
2007 Financial Summary
Fiscal year starting October 1, 2006, ending September 30, 2007.
SUPPORT AND REVENUE
EXPENDITURES
STATEMENT OF FINANCIAL POSITION
| ASSETS |
|
|
| Cash
and cash equivalents (1) |
$7,572,164 |
|
| Contributions
receivable (1) |
2,131,865 |
|
| Investments
at market |
1,439,057 |
|
| Inventories |
118,311 |
|
| Equipment
and structures |
15,615,195 |
|
| Deposits and prepaid expenses |
197,874 |
|
 |
| Total
Assets |
27,074,466 |
|
|
| LIABILITIES |
|
|
| Accounts
payable |
2,107,840 |
|
| Deferred
liability |
153,045 |
|
| Accrued
liabilities |
220,399 |
|
|
| Total
Liabilities |
2,481,284 |
|
|
| NET
ASSETS |
|
|
| Unrestricted |
18,689,853 |
|
| Temporarily
restricted (1) |
5,403,329 |
|
| Permanently
restricted |
500,000 |
|
|
| Total
Net Assets |
24,593,182 |
|
|
| Total
Liabilities and Net Assets |
27,074,466 |
|
|
STATEMENT OF ACTIVITIES
September 30, 2007
| SUPPORT AND REVENUE |
|
| Membership
dues |
$997,292 |
|
| Contributions |
6,025,331 |
|
| Bequests |
732,548 |
|
| Endowment
funds |
81,753 |
|
| Contributed
services and equipment (2) |
294,444 |
|
| Educational
programs |
70,872 |
|
| Veterinary contract fees |
48,290 |
|
| Store
sales |
407,363 |
|
| Interest
income |
451,910 |
|
| Other revenue |
106,526 |
|
| Special
event revenue, net of expense |
119,537 |
|
| Realized and unrealized
gains on investments |
145,323 |
|
|
| Total
Support and Revenue |
9,445,752 |
|
|
| EXPENDITURES |
|
|
| Program
services: |
|
|
|
Veterinary
science and
animal rehabilitation |
2,626,521 |
|
| Educational
programs |
1,210,697 |
|
| Membership
programs |
148,847 |
|
| Fundraising: |
|
|
|
Operations |
737,545 |
|
|
Capital Campaign |
507,193 |
|
| Supporting
services |
525,368 |
|
|
| TOTAL
EXPENDITURES |
5,607,324 |
|
|
| CHANGE IN NET ASSETS |
3,838,428 |
|
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(1)
Funds that are temporarily restricted for capital projects total $5,344,000, including $3,238,000 in cash and cash equivalents and $2,106,000 in contributions receivable.
(2)
Not included are 81,058 hours of volunteer services,
valued at $608,000 based on California minimum wage, that were received during the year ended September 30, 2007.
Audited financial statements for the year ended September 30, 2007, prepared by Louie & Wong, are available at The Marine Mammal Center's administrative offices, Chief Financial & Operations Officer, 415.289.7325
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