Top PDF GIRLS INCORPORATED OFORANGE COUNTY FINANCIAL STATEMENTS DECEMBER 31, 2019 AND 2018

FINANCIAL STATEMENTS. December 31, 2019 and 2018

FINANCIAL STATEMENTS. December 31, 2019 and 2018

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounts Receivable Accounts receivable primarily represent amounts due from royalties, convention rebates and membership dues owed to NCA. Accounts receivable are stated at the amount management expects to be collected from outstanding balances. As of December 31, 2019 and 2018, management has determined, based on historical experience, that all amounts are fully collectible and no allowance for doubtful accounts is necessary.

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THE ORTHODOX CHURCH IN AMERICA FINANCIAL STATEMENTS DECEMBER 31, 2019 AND 2018

THE ORTHODOX CHURCH IN AMERICA FINANCIAL STATEMENTS DECEMBER 31, 2019 AND 2018

c) if the Church chooses to stop participating in the Plan, it may be required to pay to the Plan an amount based on the underfunded status of the Plan, referred to as a withdrawal liability. Eligible employees are all employees of the Church and its related entities, except for employees that are older than age 60 and have not elected to be part of the Plan. Bishops and priests become members of the Plan on the first day of the month after they begin service with the Church. Full-time employees are eligible to participate in the Plan on the first day of the month after their date of hire. Participants with five years of services are entitled to pension benefits upon retirement. Pension benefits are provided to participants under several types of retirement options based upon years of service and age. Retirement benefits are paid to pensioners or beneficiaries in various forms of joint and survivor annuities, including a lump-sum payment option. Pension expense, representing the Church's required contribution to the Plan, was $54,451 in 2019 and $57,762 in 2018. The contribution made by the Church represented approximately 2.06% and 2.25% of the total contributions made to the Plan in December 31, 2019 and 2018, respectively. To the extent the Plan is underfunded, future contributions to the Plan may increase.
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Economic Policy Institute Financial Statements December 31, 2019 and 2018

Economic Policy Institute Financial Statements December 31, 2019 and 2018

Tax-Exempt Status - The Institute is a 501(c)(3) organization that is exempt from Federal income taxes under the provisions of the Internal Revenue Code Section 501(a), except for income unrelated to their exempt purpose. The Institute is classified as an organization that is not a private foundation and qualifies for charitable contribution deductions. For the year ended December 31, 2018, the Institute had unrelated business income tax expenses of $7,929, as a result of a tax law change which taxed transportation benefits as unrelated business income. There was no provision for income taxes required for the year ended December 31, 2019 since the Institute had no taxable income from unrelated business activities as the law taxing transportation benefits was repealed.
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BUCKS COUNTY TAX COLLECTION COMMITTEE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION. DECEMBER 31, 2019 and 2018

BUCKS COUNTY TAX COLLECTION COMMITTEE FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION. DECEMBER 31, 2019 and 2018

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities of Bucks County Tax Collection Committee, Pennsylvania, as of December 31, 2019 and 2018, and the changes in its financial position and its cash flows thereof for the years then ended in accordance with accounting principles generally accepted in the United States of America.
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CENTER FOR FAMILY REPRESENTATION, INC. FINANCIAL STATEMENTS DECEMBER 31, 2019 AND 2018

CENTER FOR FAMILY REPRESENTATION, INC. FINANCIAL STATEMENTS DECEMBER 31, 2019 AND 2018

Note 2 - Summary of Significant Accounting Policies Adoption of Accounting Standards Update ASU No. 2018-08 Effective January 1, 2019, CFR adopted the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made (“ASU 2018-08”) on a modified prospective basis. This ASU provides for guidance to assist CFR in evaluating the transfer of assets and the nature of the related transactions. CFR considers whether a contribution is either conditional based on whether an agreement includes a barrier that must be overcome and a right of return of assets transferred or a right of release of a promisor’s obligation to transfer assets. The presence of both indicates that the recipient is not entitled to the transferred assets or a future transfer of assets until it has overcome any barriers in the agreement.
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Unilever United States, Inc. Nonconsolidated Financial Statements December 31, 2019 and 2018

Unilever United States, Inc. Nonconsolidated Financial Statements December 31, 2019 and 2018

Unilever United States, Inc. Notes to the Nonconsolidated Financial Statements December 31, 2019 and 2018 On a daily basis, available funds are swept from depository accounts into a Unilever Group concentration account and used to settle intercompany borrowings. Cash principally represents the balance of customer checks that have not yet cleared through the banking system and become available to be swept into the concentration account, and deposits made subsequent to the daily cash sweep. The Company does not fund its disbursement accounts for checks it has written until the checks are presented to the bank for payment. Cash overdrafts represent the balance of outstanding checks and are classified with other current liabilities. There are no compensating balance requirements or other restrictions on the transfer of cash associated with the Company’s depository accounts.
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and Supporting Organization and Disregarded Entity Consolidated Financial Statements December 31, 2019 and 2018

and Supporting Organization and Disregarded Entity Consolidated Financial Statements December 31, 2019 and 2018

In June 2018, the FASB issued ASU 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, which clarifies and improves the scope and the accounting guidance for contributions. The update provides a more robust framework to determine when a transaction should be accounted for as a contribution under Subtopic 958-605 or as an exchange transaction accounted for under other guidance. For contributions received, this guidance is effective for annual periods beginning after December 15, 2018, or annual periods beginning after June 15, 2018 for public business entities. For contributions made, this guidance is effective for the annual period beginning after December 15, 2019, or annual periods beginning after December 15, 2018 for public business entities. During the year ended December 31, 2019, the Organization implemented the provisions of ASU 2018-08 applicable to contributions received under a modified perspective basis. Accordingly, there is no effect on net assets in connection with the Organization's implementation of this standard.
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Motion Picture and Television Fund and Affiliated Entities. Consolidated Financial Statements December 31, 2019 and 2018

Motion Picture and Television Fund and Affiliated Entities. Consolidated Financial Statements December 31, 2019 and 2018

Notes to Consolidated Financial Statements December 31, 2019 and 2018 Fair Value Measurements The Company applies the provision of FASB ASC 820, Fair Value Measurements, which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The assets reported at fair value by the Company on a recurring basis include investments, assets held under split-interest agreements and interest rate swap obligation. At December 31, 2019 and 2018, the Company’s financial instruments include accounts receivable, accounts payable, and other liabilities. The fair values of these financial instruments approximate their carrying values due to their short-term maturities.
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LG Electronics Consolidated Financial Statements December 31, 2019 and 2018

LG Electronics Consolidated Financial Statements December 31, 2019 and 2018

The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, an entity within the same industry, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price for financial assets held by the Group is the closing price at the end of the reporting period. These instruments are included in ‘level 1’. Instruments included in ‘level 1’ comprise primarily equity investments classified as financial assets at fair value through other comprehensive income. The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. The Group uses various valuation techniques that the Group develops or figures that external valuation agencies provide, and makes judgements based on current market conditions. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to measure the fair value of an instrument are observable, the instrument is included in ‘level 2’.
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FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 WITH SUMMARIZED FINANCIAL INFORMATION FOR 2018

FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019 WITH SUMMARIZED FINANCIAL INFORMATION FOR 2018

GENERAL EXPENDITURES WITHIN ONE YEAR $ 8,937,593 buildOn, Inc. Is substantially supported by restricted contributions. Because a donor’s restriction requires resources to be used in a particular manner or in a future period, buildOn, Inc. must maintain sufficient resources to meet those responsibilities to its donors. Thus, financial assets may not be available for general expenditure within one year. As part of buildOn, Inc.’s liquidity management, it has a policy to structure its financial assets to be available as its general expenditures, liabilities, and other obligations come due. In addition, buildOn, Inc. invests cash in excess of daily requirements in highly liquid investments (mutual funds). The Board of Directors has designated a portion of each year's operating surplus to its liquidity reserve, which in the aggregate totaled $9,295,874 as of December 31, 2019. This fund may be drawn upon in the event of financial distress or an immediate liquidity need resulting from the timing of cash receipts versus outlays.
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AUDITED FINANCIAL STATEMENTS. Renaissance Reinsurance Ltd. and Subsidiaries. December 31, 2019 and 2018

AUDITED FINANCIAL STATEMENTS. Renaissance Reinsurance Ltd. and Subsidiaries. December 31, 2019 and 2018

Investments, Cash and Cash Equivalents Fixed Maturity Investments Investments in fixed maturities are classified as trading and are reported at fair value. Investment transactions are recorded on the trade date with balances pending settlement reflected in the consolidated balance sheet as a receivable for investments sold or a payable for investments purchased. Net investment income includes interest and dividend income together with amortization of market premiums and discounts and is net of investment management and custody fees. The amortization of premium and accretion of discount for fixed maturity securities is computed using the effective yield method. For mortgage-backed securities and other holdings for which there is prepayment risk, prepayment assumptions are evaluated quarterly and revised as necessary. Any adjustments required due to the change in effective yield and maturities are recognized on a prospective basis through yield adjustments. Fair values of investments are based on quoted market prices, or when such prices are not available, by reference to broker or underwriter bid indications and/or internal pricing valuation techniques. The net unrealized appreciation or depreciation on fixed maturity investments trading is included in net realized and unrealized losses on investments in the consolidated statements of operations. Realized gains or losses on the sale of investments are determined on the basis of the first in first out cost method.
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THE EXODUS ROAD. Financial Statements With Independent Auditors' Report. December 31, 2019 and 2018

THE EXODUS ROAD. Financial Statements With Independent Auditors' Report. December 31, 2019 and 2018

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the organization's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe our audits provide a reasonable basis for our opinion.
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KIDS FORWARD, INC. CONSOLIDATED FINANCIAL STATEMENTS WITH CONSOLIDATING INFORMATION. December 31, 2019 and 2018

KIDS FORWARD, INC. CONSOLIDATED FINANCIAL STATEMENTS WITH CONSOLIDATING INFORMATION. December 31, 2019 and 2018

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
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Samsung Engineering Co., Ltd. and Subsidiaries. Consolidated Financial Statements December 31, 2019 and 2018

Samsung Engineering Co., Ltd. and Subsidiaries. Consolidated Financial Statements December 31, 2019 and 2018

(b) Amendments to Korean IFRS 1103 Business Combination – Definition of a Business To consider the integration of the required activities and assets as a business, the amended definition of a business requires an acquisition to include an input and a substantive process that together significantly contribute to the ability to create outputs and excludes economic benefits from the lower costs. An entity can apply a concentration test, an optional test, where substantially all of the fair value of gross assets acquired is concentrated in a single asset or a group of similar assets, the assets acquired would not represent a business. These amendments should be applied for annual periods beginning on or after January 1, 2020, and earlier application of permitted. The Group does not expect that these amendments have a significant impact on the consolidated financial statements.
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THE CATHEDRAL SOUP KITCHEN, INC. FINANCIAL STATEMENTS DECEMBER 31, 2019 (WITH SUMMARIZED COMPARATIVE TOTALS FOR THE YEAR ENDED DECEMBER 31, 2018)

THE CATHEDRAL SOUP KITCHEN, INC. FINANCIAL STATEMENTS DECEMBER 31, 2019 (WITH SUMMARIZED COMPARATIVE TOTALS FOR THE YEAR ENDED DECEMBER 31, 2018)

In-kind Contributions Volunteers contribute significant amounts of time to program and support services; however, the financial statements do not reflect the value of these contributed services because they do not meet the necessary criteria for recognition under GAAP. The Organization recognizes volunteer services if the services received (1) create or enhance non-financial assets or (2) require specialized skills, are provided by individuals possessing those skills, and would typically need to be purchased, if not provided by donation. The total amount of donated dental service hours for the year ended December 31, 2019 totaled 303 at an estimated fair value rate of $140 per hour. Donated food, supplies, and other donated goods are recorded at their estimated fair value as of the date of the donation. In-kind contributions are recorded as both revenue and expense and therefore, there is no effect on the change in net assets.
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COMMON THREADS. Financial Statements as of and for the Years Ended December 31, 2019 and 2018 and Independent Auditors Report

COMMON THREADS. Financial Statements as of and for the Years Ended December 31, 2019 and 2018 and Independent Auditors Report

Change in Accounting Principle for Recently Adopted Accounting Pronouncement - In May 2014, the FASB issued Accounting Standards Updates (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition, and most industry-specific guidance included in the ASC. The standard requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. It also provides guidance on accounting for costs incurred to obtain or fulfill contracts with customers and establishes disclosure requirements which are more extensive than those required under prior U.S. GAAP. The Organization adopted Topic 606 on January 1, 2019 and elected the modified retrospective transition method of adoption using the completed contract practical expedient. The Organization performed an assessment of its contracts with customers and did not identify any changes to the timing or amount of its revenue recognition under Topic 606 compared to prior U.S. GAAP. There was no impact to net assets as of January 1, 2019 or to the statement of financial position or the statements of activities,
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Assurance FRANCISCAN OUTREACH AUDITED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2019 AND 2018 MUELLER

Assurance FRANCISCAN OUTREACH AUDITED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2019 AND 2018 MUELLER

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
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FINANCIAL STATEMENTS December 31, 2020 and 2019

FINANCIAL STATEMENTS December 31, 2020 and 2019

Note 7. Note Payable During the year ended December 31, 2017, the Museum entered into a $200,000 note payable agreement with First Western Trust Bank maturing on December 21, 2022. Beginning January 2018, the Museum is required to make monthly interest-only payments at 4.25% for the term of the agreement. Beginning December 21, 2018, the Museum is required to make annual principal payments of $40,000 until maturity, at which time all unpaid principal and interest are due. The note is secured by the assignment of the endowment fund at the Community Foundation of Northern Colorado. The outstanding balance at December 31, 2020 and 2019 was $80,000 and $120,000, respectively. Principal payments of $40,000 are due during each of the years ending December 31, 2021, and 2022.
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2019

On June 21, 2018, the FASB issued ASU 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, which applies to all entities that receive or make contributions. The criteria for evaluating whether contributions are unconditional, or conditional have been clarified. The focus is on whether a gift or grant agreement both (1) specified a “barrier or hurdle” that the recipient must overcome to be entitled to resources, and (2) releases the donor from its obligation to transfer resources if the barrier or hurdle is not achieved. An agreement that contains both is a conditional contribution. An agreement that omits one or both is unconditional. No new disclosures are required.
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OPERATION NIGHTWATCH FINANCIAL STATEMENTS DECEMBER 31, 2018 (AUDITED) AND

OPERATION NIGHTWATCH FINANCIAL STATEMENTS DECEMBER 31, 2018 (AUDITED) AND

Marketable securities received by the Organization are, by policy, converted to cash soon after receipt, nearly immediately. Therefore, cash received is included in operating cash flows. Property and Equipment and Depreciation Leasehold improvements and equipment are recorded at cost. The Organization generally follows the practice of capitalizing expenditures for property and equipment in excess of $1,000 and with useful lives of greater than two years. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which is estimated by management to range from three to thirty- nine years. Depreciation expense for the years ended December 31, 2019 and 2018 was $47,841 and
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