NEF Financial Report

Needham Education Foundation, Inc.

NEF FINANCIALS

This page was last updated on 3/12/98

The ratio of General Expenses to Income for 1997 is 5.11%

1998 Financial Report Year To Date

1997 Financial Report

1996 Financial Report

1998 Financial Report

Date of Report: January 1, 1998- February 28, 1998

	Profit and Loss
	1/1/98 through 2/28/98

Income
Appreciation	$34,163.87
Fundraising	48,424.65
Interest	42.02
Return from prior year	0
Total Income		$ 82,630.54

General Expenses	$2,329.06
Grants to Teachers	1998-99 Grants to be announced in May	click here to visit 1997-8 grants
*Total Expenses		$ 2,329.06
* Please note that the financial awards to teachers are included in total expenses. Actual fundraising expenses are represented by General Expenses.
1998	NET INCOME	$ 80,301.48

	Balance Sheet As of February 28, 1998
Assets
Cash	7,292.78
Investment	717,554.57
	Total Assets	$ 724,847.35

Liabilities & Capital
Capital
Retained Earnings	644,545.87
Net Income	80,301.48
	Total Liabilities & Capital	$ 724,847.35

1997 Financial Report

Date of Report: January 1, 1997- DECEMBER 31, 1997

	Profit and Loss
	1/1/97 through 12/31/97

Income
Appreciation	88,171.68
Fundraising	123,604.80
Interest	163.15
Return from prior year	762.59
Total Income		$ 212,702.22

General Expenses	10,867.38
Grants to Teachers	40,252.08	click here to visit 1997-8 grants
*Total Expenses		$ 51,119.46
* Please note that the financial awards to teachers are included in total expenses. Actual fundraising expenses are represented by General Expenses.
	NET INCOME	$ 161,582.76

	Balance Sheet As of December 31, 1997
Assets
Cash	21,955.17
Investment	622,590.70
	Total Assets	$ 644,545.87

Liabilities & Capital
Capital
Retained Earnings	482,963.11
Net Income	161,582.76
	Total Liabilities & Capital	$ 644,545.87

1996 Final Financial Report

Date of Report: January 1, 1996- December 31, 1996

	Profit and Loss
	1/1/96 through 12/31/96

Income
Appreciation	64,162.08
Fundraising	118,456.87
Interest	264.90
Return from prior year	76.31
Total Income		$182,960.16

General Expenses	8,764.15
Grants to Teachers	$34,087.55
*Total Expenses		$42,851.70
* Please note that the financial awards to teachers are included in total expenses. Actual fundraising expenses are represented by General Expenses.
NET INCOME		$140,108.46

	Balance Sheet As of Dec. 31, 1996
Assets
Cash	10,110.09
Investment	473,419.02
Total Assets		$483,529.11

Liabilities & Equity
Open Balance Equity	245,254.46
Retained Earnings	98,166.19
Net Income	140,108.46
Total Liabilities & Equity		$483,529.11

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