Document 14370

Teen Pregnancy Prevention, Inc.
Financial Statements
December 31,2011 and 2010
Teen Pregnancy Prevention, Inc.
Table of Contents
Page
Number
Independent Auditor's Report
1
Statements of Financial Position
2
Statement of Activities
-
2011
J
Statement of Activities
-
2010
4
Statements of Cash Flows
5
Statement of Functional Expenses
*
2011
6-7
Statement of Functional Expenses
-
2010
8-9
Notes to the Financial Statements
r0-14
BLAIR C. DTAZ, CPA, PC
CERTIFIED P UBLIC
A CCO
UNTANT
770-536-5500 . Fax: 77O-536-5444
b di az @ b airdiaz c p a. c o m
1
Independent Auditor's Report
Physical Address:
616 Green Street
Gainesville, Georgia 3050 I
Mailing Address:
P.O. Box 656
Gainesville, GA 30503
To the Board of Directors
Teen Pregnancy Prevention, lnc.
Gainesville, Georgia
We have audited the accompanying statements of financial position of Teen Pregnancy
Prevention, Inc., a nonprofit organization, as of December 31,2011 and 2010, and the related
statements of activities, functional expenses, and cash flows for the years then ended. These
of the organization's management. Our
responsibility is to express an opinion on these financial statements based on our audit,
financial statements are the responsibility
We conducted our audit 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 examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates mide by management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a reasonable basis
for our opinion.
In our opinion, the financial statements
referred to above present fairly,
in all
material
respects, the financial position of Teen Pregnancy Prevention, Inc. as of Decemb er 31, 2011
and 2010, and the results of its activities and the changes in its cash flows for the years then
ended, in conformity with accounting principles generally accepted in the United States of
America.
?r*(Z%,oPa,Fc
BLAIR C.DIAZ, CPA, PC
May 4,2012
TEEN PREGNANCY PREVENTION, INC.
STATEMENTS OF FINANCIAL POSITION
December 31,2011 and 2010
ASSETS
2011
2010
Current assets:
Cash and cash equivalents
Prepaid insurance
Accounts receivable
Total current assets
18,547
31,856
3,372
26,872
48,791
3,284
2,403
37,543
18,433
18,433
Noncurrent assets:
Otfice furniture and equipment
Program equipment
Accum u lated depreciation
Total noncurrent assets
TOTAL ASSETS
8,213
(25,446)
8,213
(23,118)
1,20A
3,528
49,991
41.071
LIABILITIES AND NET ASSETS
Gurrent liabilities:
Payrolltaxes payable
Total current liabilities
2,230
2,230
Unrestricted net assets
Temporarily restricted net assets
Permanently restricted net assets
Total Net Assets
47,7_61
41,071
47,761
41,071
TOTAL LIABILITIES AND NET ASSETS
49,991
41,071
The accompanying notes are an integral part of these financial statements.
TEEN PREGNANCY PREVENTION, INC.
STATEM ENT OF ACTIVITIES
FOR THE YEAR ENDED DECEMBER 31, 2011
(wrTH coMpARATtVE TOTALS FOR THE YEAR ENDED DECEMBER 31, 2010)
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Total
2011
2010
Support and Revenue:
Government grants
lndividual contributions
Noncash contributions
Church contributions
Civic clubs contributions
United Way funding
Foundations & trusts contributions
Fundraising income
lnvestment income
Other income
$
$
80,898
2,224
700
6,307
1,s00
51,000
20,500
17,956
1-47
Total Support and Revenue
$
2,224
700
6,307
1,500
51,000
20,500
17,956
147
80,898
54,638
8,198
1,750
5,675
4,000
51,000
11,000
19,079
156
511
't81 232
181,232
156.007
50,145
150,145
1
14,345
10,052
14,345
11,667
10,052
9.776
Expenses and Losses:
Program expenses
Management and general expenses
Fundraising expenses
1
174,542
Total Expenses and Losses
174,542
lncrease (Decrease) in Net Assets
6,690
6,690
Net Assets at the Beginning of the Year
41.071
41,071
Net Assets at the End
ofthe Year
$
47.761
$
$$
The accompanying notes are an integral part of these financial statements.
47,761
38,1 90
159,633
(3,626)
44,697
$
41 071
TEEN PREGNANCY PREVENTION, INC.
STATEM ENT OF ACTIVITIES
FOR THE YEAR ENDED DECEMBER 31,2010
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Total
2010
Support and Revenue:
Government grants
Hall county schools contract
lndividual contributions
Noncash donations
Church contributions
Civic clubs contributions
United Way funding
United Way middle school grant
Foundations & trusts contributions
Fundraising income
lnvestment income
Other income
_q
54,638
54,638
8,1 98
Total Support and Revenue
8,1
98
1,750
5,675
4,000
51,000
51,000
11,000
19,079
11,000
19,079
156
511
156
511
156,007
156,007
I 38,1 90
1
1,750
5,675
4,000
Expenses and Losses:
Program expenses
Management and general expenses
Fundraising expenses
38,1 90
11,667
11,667
9,776
9,776
Total Expenses and Losses
159,633
159,633
lncrease (Decrease) in Net Assets
(3,626)
(3,626)
44,697
44,697
Net Assets at the Beginning of the Year
Net Assets at the End of the
Year
$
41,071
$
-
$
The accompanying notes are an integral part of these financial statements.
-
$
41,071
TEEN PREGNANGY PREVENTION, INC.
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31,2011 AND
2O1O
2010
2011
Cash flows from operating activities:
Decrease in net assets
Adjustments to reconcile change in net assets
to net cash used by operating activities:
Depreciation expense
(lncrease) decrease in current assets:
Prepaid insurance
Accounts receivable
lncrease (decrease) in current liabilities:
Payrolltaxes payable
Total adjustments to reconcile change in net assets to
net cash used by operating activities
6,690
(3,626)
2,328
2,328
(88)
434
(24,469)
(32e)
2,230
(2,043)
(19,999)
390
(3,236)
(13,30e)
Net cash provided by operating activities
Cash flows from investing activities:
Donation of office equiPment
Acquisitions of office equiPment
Net cash used by investing activities
Cash flows from financing activities
Short-term loan from board member
5,200
(5,200)
Repayment of short{erm loan
Net cash provided (used) by financing activities
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
(3,236)
(13,30e)
Net increase in cash and cash equivalents
35,092
31,856
$
18,547
_$_31,856_
The accompanying notes are an integral part of these financial statements.
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TEEN PREGNANCY PREVENTION, INC.
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 3I, 2011 AND 2010
NOTE 1 _NATURE OF OPERATIONS
Teen Pregnancy Prevention, Inc. is a nonprofit organization working to address the issue of
teenage pregnancy by providing 1) abstinence-based prevention programs that encourage young
persons to postpone sexual involvement, 2) counseling and support services to those teens and
families already experiencing an unplanned pregnancy, and 3) ongoing community education
and awareness programs. The organization receives support from the United Way and other
groups and foundations, through contracts with school systems, and through individual donations
and annual fundraisers.
DrscnrrrroN oF Pnocn
q.Ms
9th Grade Classroom-Based Edueation - This is a new program offered in 2011,
funded by a grant from the Governor's Office for Children and Families. It is a 10session classroom-based model utilizing the Choosing the Best Journey curriculum. It is
currently offered to all Gainesville City, Hall County, and Lakeview Academy 9th grade
students. The program is designed to encourage healthy and safe relationships and
responsible decision making among teens. Choosing the Best Journey empowers young
people to make safe and positive choices. Lessons that are covered include: Setting
Goals, Making the Best Decisions, Avoiding Pregnancy, Avoiding STDs, Developing the
Best Relationships, Choosing Abstinence until Marriage, Overcoming the Pressure and
Being Assertive.
During 2011, Teen Pregnancy Prevention, Inc. served 766 participants in this program.
Pregnant & Parenting Support & Education - This is a weekly support group for
middle and high school girls who are pregnant or already have children. These groups
are desigled to encourage the students to complete high school, reduce subsequent
pregnancies, ensure healthy pregnancies and babies, improve parenting skills and reduce
early childhood abuse.
During 2011, Teen Pregnancy Prevention, Inc. served 127 participants in the Pregnant &
Parenting Support and Education program. 140 participants were served during 2010.
SmartGirls - This is an abstinence-based education group offered to all Hall County
middle and high schools and Lakeview Academy. These groups meet weekly for one
semester, serving 7 to l0 girls at a time. These groups provide young women with the
skills needed to overcome negative peer pressure, the tools to protect themselves from
those who wish to exploit them (often these young women are in relationships with men
at least four years older than they) and the esteem to view their future potential
accurately.
During 2011, Teen Pregnancy Prevention, Inc. conducled 259 sessions and served 169
participants in the SmartGirls program. During 2010, there were 300 sessions serving
25I participants.
10
TEEN PREGNANCY PREVENTION, INC.
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31,2011 AND 2O1O
NOTE
1
- NATURE
OF OPERATIONS (continued)
DoscRrprroN oF Pnocnms (CoNrmurn)
Kids on the Block/Baby Think It Over
- The Kids on the Block program is a puppet
drama for sixth graders that encourages kids to ask questions after watching a skit put on
about a common, real-life dilemma involving teen sex. Baby Think It Over is a 10pound infant simulator designed to provide teens with the opportunity to address the
challenges and realities of being a teen parent. Teen Pregnancy Prevention, [nc. owns
eleven of these dolls. This exciting and innovative program is a favorite among students.
During 2011, Teen Pregnancy Prevention, Inc. conducted 10 sessions of Kids on the
Block, serving 1,696 participants. During 2010, 12 sessions were conducted, serving
1,952 participants. There were 56 participants in the Baby Think It Over program during
2011, compared to 25 participants in 2010.
NOTE 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basrs oF AccouNTrNG
The financial statements of the organization have been prepared on the accrual basis of
accounting and accordingly reflect all significant receivables, payables, and other liabilities. The
significant accounting policies are described below to enhance the usefulness of the financial
statements to the reader.
Basrs oF PRESENTATToN
The organization reports information regarding its financial position and activities according to
three classes of net assets, as follows:
Unrestricted net assets - Net assets that are not subject to donor-imposed stipulations.
Temoorarily restricted net assets - Net assets subject to donor-imposed stipulations that
may or will be met, either by actions of the organization and/or the passage of time.
When a restriction expires, temporarily restricted net assets are reclassified to unrestricted
net assets and reported in the statement of activities as net assets released from
restrictions.
Permanentllz restricted net assets - Net assets subject to donor-imposed stipulations that
they be maintained permanently by the organization. Generally, the donors of these
assets permit the organization to use all or part of the income earned on any related
investments for general or specific purposes.
Contributions with donor-imposed restrictions that will be met in the same reporting period are
recorded as unrestricted support.
11
TEEN PREGNANCY PREVENTION, INC.
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31,2011 AND 2010
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Basrs oF PRESENTATToN (coNuNuno)
CoNrnrsurroNs
Contributions are recognized as revenue when they are received or unconditionally pledged.
Contributions with donor-imposed conditions are recorded as liabilities (not support) in the year
made. Ail contributions are considered to be available for unrestricted use unless specifically
restricted by the donor. Also, contributions received with donor-imposed restrictions that will be
met in the same reporting period are reported as unrestricted support. Amounts received that are
designated for future periods or restricted by the donor for specific purposes that will not be met
in the same reporting period are reported as temporarily restricted or pennanently restricted
support that increases those net asset classes. When a temporary restriction expires, temporarily
restricted net assets are reclassified to unrestricted net assets and reported in the statement of
activities as net assets released from restrictions.
CoNrnrsurro Assnrs
AND
Snnvrcns
Noncash donations are recorded as contributions at their estimated fair values at the date
donation. Donated rent in the amount of $700 for 201i and $1,750 for 2010 is reported
noncash contributions and rent expense on the statement of activities.
of
as
The Organization also receives a substantial amount of services donated by its volunteers in
carrying out the organizdtion's mission, as well as some goods and services from volunteers in
conjunction with fundraising activities. No amounts have been reflected in the financial
statements for those services since they do not meet the criteria for recognition under U.S.
generally accepted accounting principles.
PnorBnryAND
EeUTPMENT
Donations of property and equipment are recorded as support at their estimated fair value. Such
donations are reported as unreskicted support unless explicit donor stipulations specify how the
donated assets must be used. Gifts of long-lived assets with explicit restrictions that specify how
the assets are to be used and gifts of cash or other assets that must be used to acquire long-lived
assets are reported as restricted support. Absent donor stipulations regarding how long those
donated assets must be maintained, the organization reports expirations of donor restrictions
when the donated or acquired assets are placed in service as instructed by the donor. The
organrzatron reclassifies temporarily restricted net assets to unrestricted net assets at that time.
Property and equipment that are not donated (i.e. are purchased by the organization) are carried
at cost. Depreciation is calculated on the straight-line method over the estimated useful lives of
the assets (3 to 7 years).
12
TEEN PREGNANCY PREVENTION, INC.
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 2011 AND 2010
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Basrs oF PRESENTATToN (coNrmuro)
Casn AND CASH EqurvalnNrs
For financial statement purposes, the organrzation considers all highly liquid investments with a
maturity of three months or less when purchased to be cash equivalents. The carrying amounts
reported in the statement of financial position approximate fair values because of the short
maturities of those instruments.
Esrruatns
The preparation of financial statements in conformity with U.S. generally accepted accounting
principles requires management to make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results could differ from those estimates.
INcouB Tnxns
The organization is exempt from Federal income taxes under Section 501(c) (3) of the U.S.
Internal Revenue Code. The organization qualifies for the charitable contribution deduction
under Section 170 and has been classified as an organization that is not a private foundation
under Section 509 (a).
SunsrqurNT EvENTS
Subsequent events have been evaluated through May
4,2012.
NOTE 3 - ACCOUNTS RECEIVABLE
Accounts receivable is reported at the gross amounts. There is no allowance for doubtful
accounts since all amounts are considered fully collectible under grant agreements. Accounts
receivable consists of the following at December 3I,2011 and 2010:
20t1
Promoting Safe and Stable Families Grant
District 2 Public Health Grant
Church promise to give
Governor's Office for Children and Families Grant
Total due at December 31't
9,810
10,000
s
352
6,710
26,872
2010
,,oo:_
2,403
13
TEEN PREGNANCY PREVENTION, INC.
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 3L,2011 AND 2010
NOTE 4 _RENTALS UNDER OPERATING LEASES/CONTRIBUTED RENT
The organization's leasing operations consist solely of the leasing of office space under an
annually renewable operating lease. The lease includes utilities and calls for monthly rent in the
amount of $675 for 2011 and 2010.
During both 2011 and 2010, the landlord voluntarily reduced Teen Pregnancy Prevention's
required rent payment from $675 to $500 for a period of time, resulting in donated rent in the
amounts of $700 during 2011 and $ 1,750 during 2010. These amounts are reported as noncash
donations and included in rent expense on the statements of activities.
NOTE 5 _ FUNTIONAL ALLOCATION OF EXPENSES
The costs of providing the various programs and activities have been summ aized on a functional
basis in the statement of activities. Accordingly, certain costs have been allocated among the
progrilms and supporting services benefited.
NOTE
6.
SUPPORT CONCENTRATION
Teen Pregnancy Prevention, Inc. has historically received the majority of its support from two
sources: United Way and a State grant administered by the Department of Family and Children
Services (Promoting Safe and Stable Families). During 2011, a new grant from the Govemor's
Office for Children and Families was added. Support from these sources
approximately 65Yo of total support fu2011 and
following table:
560/o
comprised
of total support in 2010, as illustrated in the
oh
Source
United Way
Promoting Safe and Stable Families Grant
Governor's Office for Children and Families Grant
of Total Support
20t0
20tr
28%
t8%
33%
23%
19%
6s%
56%
t4