Financial Reports

Balance Sheets

	June 30, 2005			June 30, 2004
	Unrestricted Operating Fund	Temporarily Restricted	Total	Unrestricted Operating Fund	Temporarily Restricted	Total
ASSETS
Current assets:
Cash and cash equivalents	$417,845	$790,758	$1,208,603	$197,895	$431,100	$628,995
Accounts receivable:
Grants, contributions and bequests	29,714		29,714	176,764		176,764
Other	23,115		23,115	30,061		30,061
	52,829		52,829	206,825		206,825
Due from Friends of the Earth (Action), Inc.	19,247		19,247	13,889		13,889
Promises to give, current portion		429,510	429,510		310,905	310,905
Prepaid expenses and other assets	95,408		95,408	69,561		69,561
Total current assets	585,329	1,220,268	1,805,597	488,170	742,005	1,230,175
Fixed assets:
Furniture and equipment	604,348		604,348	560,893		560,893
Less accumulated depreciation and amortization	546,984		546,984	522,287		522,287
	57,364		57,364	38,606		38,606
Other assets:
Promises to give, net of current portion		50,000	50,000		10,000	10,000
Pooled income fund, at market value		15,598	15,598		39,562	39,562
Charitable gift annuity, at market value	84,873		84,873	85,016		85,016
Deposits	30,403		30,403	25,701		25,701
	115,276	65,598	180,874	110,717	49,562	160,279
Total assets	$757,969	$1,285,866	$2,043,835	$637,493	$791,567	$1,429,060
LIABILITIES AND NET ASSETS
Current liabilities:
Accounts payable and accrued expenses	$136,719		$136,719	$121,020		$121,020
Accrued leave	76,203		76,203	68,819		68,819
Total current liabilities	212,922		212,922	189,839		189,839

Other liabilities:
Deferred revenue - pooled income fund		$2,265	$2,265		$6,297	$6,297
Charitable gift annuity liability	57,141		57,141	57,252		57,252
	57,141	2,265	59,406	57,252	6,297	63,549
Total liabilities	270,063	2,265	272,328	247,091	6,297	253,388
Commitments
Net assets:
Unrestricted	464,483		464,483	390,402		390,402
Temporarily restricted:
Operating fund		1,108,603	1,108,603		586,849	586,849
Reserve fund		145,000	145,000		145,000	145,000
Endowment fund		53,421	53,421		53,421	53,421
	464,483	1,307,024	1,307,024	390,402	785,270	1,175,672
Total liabilities and net assets	$734,546	$1,309,289	$2,043,835	$637,493	$791,567	$1,429,060

Statements of Activities

	For the Year Ended June 30, 2005			For the Year Ended June 30, 2004
	Unrestricted Operating Fund	Temporarily Restricted	Total	Unrestricted Operating Fund	Temporarily Restricted	Total
REVENUE
Grants, bequests and member contributions	$1,300,834	$2,111,692	$3,412,526	$2,088,598	$1,564,150	$3,652,748
Investment income	10,617		10,617	23,469		23,469
Rental income	37,506		37,506	20,864		20,864
Royalties	1,242		1,242	11,901		11,901
Other	120,060		120,060	98,515		98,515
Net assets released from restrictions	1,589,938	(1,589,938)	-	1,947,339	(1,947,339)	-
Total revenue	3,060,197	521,754	3,581,951	4,190,686	(383,189)	3,807,497
EXPENSES
Program expenses:
Economics for the Earth	645,443		645,443	901,301		901,301
International	625,226		625,226	744,363		744,363
Community Health & Environment	285,745		285,745	438,168		438,168
Bluewater Network	150,812		150,812			-
Outreach	371,254		371,254	867,198		867,198
Membership	204,612		204,612	215,570		215,570
Total program expenses	2,283,092		2,283,092	3,166,600		3,166,600
Supporting expenses:
Management and general	490,048		490,048	446,885		446,885
Fundraising	324,187		324,187	520,902		520,902
Total supporting expenses	814,235		814,235	967,787		967,787
Total expenses	3,097,327		3,097,327	4,134,387		4,134,387
Change in net assets before contribution of Bluewater Network net assets	(37,130)	521,754	484,624	56,299	(383,189)	(326,890)
Contribution of Bluewater Network net assets	111,211		111,211			-
Change in net assets	74,081	521,754	595,835	56,299	(383,189)	(326,890)
Net assets, beginning of year	390,402	785,270	1,175,672	334,103	1,168,459	1,502,562
Net assets, end of year	$464,483	$1,307,024	$1,771,507	$390,402	$785,270	$1,175,672