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March 2012 Key Club magazine

KEY CLUB INTERNATIONAL

2010-11 financial statements


Download the 2010-11
Key Club International
financial statements.

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STATEMENTS OF FINANCIAL POSITION

                                                           Years ended September 30


2011 2010
ASSETS


Cash and equivalents $   438,504 $   774,973    
Investments   1,003,440   1,010,237           
Other assets      245,769      122,886         
Due from Kiwanis International        60,527           -   

                 
TOTAL ASSETS $1,748,240      $1,908,096   





LIABILITIES & NET ASSETS
(DEFICIENCY)



Due to Kiwanis International $         - $  262,881   
Other liabilities          5,490          4,218           
Net assets-unrestricted   1,704,164   1,511,512       
Net assets-temporarily restricted        35,586      129,485   

                 
TOTAL LIABILITIES/
NET ASSETS
$1,748,240      $1,908,096   


STATEMENTS OF ACTIVITIES

                                                               Year ended September 30, 2011


Unrestricted Restricted Total
REVENUES


Membership dues $1,634,045 $      - $1,634,045
Service Leadership Program fees      332,792         -      332,792
Registration fees      630,761         -      630,761
Investment income (loss)        (6,776)         -        (6,776)
Subsidies from Kiwanis International      756,269         -      756,269
Contributions and grants            -      725,173      725,173
Advertising and other        41,887         -        41,887
Net assets released from restrictions      816,072    (816,072)         -




TOTAL REVENUES $4,205,050 $   (90,899) $4,114,151




EXPENSES


Governance $   145,881 $      - $   145,881
Convention      283,541         -      283,541
Leadership, education and development   1,101,342         -   1,101,342
Magazine      121,462         -      121,462
Membership and club development      692,052         -      692,052
Communications      218,627         -      218,627
Grants      892,678         -      892,678
General and administrative      556,815         -     556,815




TOTAL EXPENSES $4,012,398 $      - $4,012,398
SURPLUS (DEFICIT) $   192,652 $   (90,899) $   101,753

                                                               Year ended September 30, 2010


Unrestricted Restricted Total
REVENUES


Membership dues $1,609,390 $      - $1,609,390
Service Leadership Program fees            -         -           -
Registration fees      242,417         -      242,417
Investment income (loss)      123,130         -      123,130
Subsidies from Kiwanis International      264,411         -      264,411
Contributions and grants            -      798,192      798,192
Advertising and other        49,546         -        49,546
Net assets released from restrictions      668,707     (668,707)         -




TOTAL REVENUES $2,957,601 $   129,485 $3,087,086




EXPENSES


Governance $   114,622 $      - $   114,622
Convention      404,737         -      404,737
Leadership, education and development      255,840         -      255,840
Magazine      161,766         -      161,766
Membership and club development      461,636         -      461,636
Communications      173,533         -      173,533
Grants      792,352         -      792,352
General and administrative      243,183         -      243,183




TOTAL EXPENSES $2,607,669 $      - $2,607,669
SURPLUS (DEFICIT) $   349,932 $   129,485 $   479,417

PAID MEMBERSHIP/CLUBS

 

   

Year
Paid Membership
Paid Clubs
2005
243,422
4,812
2006
238,071
4,847
2007
244,106
4,900
2008
244,175
4,930
2009
249,619
4,945
2010
259,469
4,989
2011
262,392
4,984
since 2005
7.8%
3.6%
since 2010
1.1%
-0.1%


For a copy of the audit report, send your written request to: 

Kiwanis International, Attn: Audit Report
3636 Woodview Trace
Indianapolis, Indiana 46268, U.S.A. 

You can also email your request to finance@kiwanis.org. Please include, in your request, which organization's audit report that you need.

The audit report is available only to Kiwanis-family members.