Statement of Activities
Fund Year Ended October 31, 1997
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Public Support and Other Revenue
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1996
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1997
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|
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Public Support
|
|
|
|
|
|
|
|
|
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Contributions
|
|
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1,375,048
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|
1,626,646
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|
|
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Bequests
|
|
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1,860,913
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|
2,895,211
|
|
|
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Support for Boys
|
|
|
34,556
|
|
24,822
|
|
|
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Total Public Support
|
|
|
3,270,517
|
|
4,546,679
|
|
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Other Revenue
|
|
|
|
|
|
|
|
|
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Investment Income
|
|
|
2,544,075
|
|
3,495,429
|
|
|
|
Cooper Farm Income
|
|
|
5,885
|
|
26,992
|
|
|
|
Other Farm Income
|
|
|
68,739
|
|
33,770
|
|
|
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Gain on Sale of Land
|
|
|
0
|
|
1,438,062
|
|
|
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Realized & Unrealized Gain Investmnt.
|
|
6,950,143
|
|
13,146,939
|
|
|
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Miscellaneous Income
|
|
|
399,321
|
|
427,707
|
|
|
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Total Other Revenue
|
|
|
9,968,163
|
|
18,568,899
|
|
|
Total Public Support and Other Revenue
|
|
13,238,680
|
|
23,115,578
|
|
Expenses
|
|
|
|
|
|
|
|
|
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Program Services
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|
|
|
|
|
|
|
|
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House Committee
|
|
|
2,372,453
|
|
3,299,414
|
|
|
|
Cooper Farm
|
|
|
312,711
|
|
366,351
|
|
|
|
Property Committee
|
|
|
576,551
|
|
813,097
|
|
|
|
Total Program Services
|
|
|
3,261,715
|
|
4,478,862
|
|
|
Supporting Services
|
|
|
|
|
|
|
|
|
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Management and General
|
|
|
637,914
|
|
681,005
|
|
|
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Fund Raising
|
|
|
1,704,674
|
|
1,778,477
|
|
|
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Total Supporting Services
|
|
|
2,342,588
|
|
2,459,482
|
|
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Total Expenses
|
|
|
|
5,604,303
|
|
6,938,344
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in Net Assets
|
|
|
|
7,634,377
|
|
16,177,234
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1997 Program Expense Breakdown
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|
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Dutton & Associates, P.C.
The Omaha Home for Boys’ financial statements are audited annually by Dutton & Associates, P.C., an Omaha based CPA firm. The financial information contained within this report has been extracted from the audited financial statements. The complete financial statements are available upon request at 800/408-4663 extension 7014.
Statement of Activities Note
In 1996 financial accounting standards have changed the way the Home reports its financial position and revenues and expenses. The changes require investments be reported at their current fair market value. Previous accounting standards reflected these accounts at their value at the time of purchase. Therefore, the comparatively large revenue for the year is due in part to a change in accounting standards, not an actual increase.
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