Balance Sheet 2011

6:42 PM: Wings of Hope, Inc.
12/28/11: Balance Sheet
Accrual Basis: As of December 28, 2011

	Dec 28, 2011
ASSETS
Current Assets
Checking/Savings
Checking - United Bank	940.43
PayPal	103.47
Total Checking/Savings	1,043.90
Total Current Assets	1,043.90
TOTAL ASSETS	1,043.90
LIABILITIES & EQUITY
Equity
Opening Bal Equity	992.14
Retained Earnings	1,635.69
Net Income	-1,583.93
Total Equity	1,043.90
TOTAL LIABILITIES & EQUITY	1,043.90

Profit & Loss 2011

	Jan 1 - Dec 28, 2011
Ordinary Income/Expense
Income
Auction
Auction - Revenue	1,850.00
Refunds	-125.00
Total Auction	1,725.00
Contributed support
Gifts in kind - goods	6,442.85
Indiv/business contribution	731.66
Total Contributed support	7,174.51
Total Income	8,899.51
Expense
Business expenses
Bank Fees	13.18
Organizational (corp) expenses	50.00
Total Business expenses	63.18
Misc expenses
Outside computer services	200.00
Web Expenses	807.45
Total Misc expenses	1,007.45
Non-personnel expenses
Donated materials & supplies	6,442.85
Gifts	85.00
Postage, shipping, delivery	872.24
Printing & copying	695.18
Rental Expense	519.79
Supplies	147.75
Total Non-personnel expenses	8,762.81
Other personnel expenses
Accounting fees	500.00
Temporary help - contract	150.00
Total Other personnel expenses	650.00
Total Expense	10,483.44
Net Ordinary Income	-1,583.93
Net Income	-1,583.93

END.