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  • THE WELLSPRING ALLIANCE FOR FAMILIES. INC. MONROE. LOUISIANA

    Financial Statements For the Year Ended December 31, 2015

    CAMERON, HINES & COMPANY, (A Professional Accounting Corporation) West Monroe, Louisiana Certified Public Accountants

  • THE WELLSPRING ALLIANCE FOR FAMILIES. INC. FINANCIAL STATEMENTS

    FOR THE YEAR ENDED DEqElVff 2015

    TA?LEOF(;QNTENT?

    Independent Auditors' Report 1-2

    FINANCIAL STATEMENTS

    Statement of Financial Position 3

    Statement of Activities 4

    Statement of Functional Expenses 5

    Statement of Cash Flows 6

    Notes to Financial Statements 7-13

    OTHER SUPPLEMENTAL INFORMATION - GRANT INFORMATION

    Schedule of Expenditures of Federal Awards 14-15

    Notes to Schedule of Expenditures of Fetferal Awards 16

    Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 17-18

    Independent Auditors' Report on Compliance with Requirements That Could Have A Direct and Material Effect On Each Major Program And Internal Control Over Compliance in Accordance with OMB Circular A-133 19-20

    Schedule of Findings and Questioned Costs 21-22

    Status of Prior Year Findings 23

    Schedule of Compensation, Reimbursements, Benefits and Other Payments to Agency Head 24

  • CAMERON, HINES & COMPANY (A Professional Accounting Corporation) Certified Public Accountants

    Phone (318) 323-1717 West Monroe. LA 71294-2474 West Monroe, Louisiana 71891 Fax (318) 322-5121

    INDEPENDENT AUDITORS' REPORT

    Board of Directors of The Wellspring Alliance for Families, Inc.

    Report on the Finandal Statements

    We have audited the accompanying financial statements of The Wellspring Alliance for Families, Inc. (a non-profit organization), which comprise the statements of financial position as of December 31, 2015, and the related statements of activities, functional expenses and cash flows for the year then ended and the related notes to the financial statements.

    Mam^^ent's Responsibility for the Financial Statanents

    Management is responsible for the preparation and fair presentation of these financial staten^nts in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

    Auditors' Responabllity

    Our responsibility is to express an opinion on these financial staten^nts based on our audit. We conduct our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Corrqitroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

    An audit involves performing procedures to obtain evidence about the anwunts and disclosures in the financial staterr^nts. The procedures selected depend on the auditors' judgn»nt, 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 intemal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are tqipropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's intemal 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 financial statement.

    We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

  • Board of Directors of The Wellspring Alliance for Families, Inc. Page 2

    Opinion

    In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The Wellspring Alliance for Families, Inc., as of December 31, 2015, and the changes in its net assets and its cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of Anttrica.

    Other Matters

    Other Information

    Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The acconqianying schedule of expenditures of federal awards, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Reqmrements for Federal Awar^ and the accompanying other financial information consisting of the schedule of compensation, reimbursements, benefits and other payments to agency head is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the fmancial statements. The information has been subjected to the auditing procedures applied in the audit of the finarKial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and c^er records used to prepare the financial statements or to the financial statements themselves, and other additional procures in accordance with auditing standards generally accepted in the United States of AriKrica. In our opinion, the information is fairiy stated, in all material respects, in relation to the financial statements as a whole.

    Other Reporting Required by Government Auditing Standards

    In accordance with Government Auditing Standards, we have also issued our report dated June 20, 2016, on our consideration of The Wellspring Alliance for Families, Inc.'s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering The Wellspring Alliance for Families, Inc.'s internal control over financial reporting and compliance.

    West Monroe, Louisiana June 20,2016

  • THE WELLSPRING ALLIANCE FOR FAMILIES. INC. STATEMENT OF FINANCIAL POSITION

    DECEMBER 31.2015

    ASSETS

    Current Assets Cash Grants and Other Receivables Promises to give, one year or less Prepaid Expenses and Other Assets

    Total Current Assets

    $ 318,922 583,859 172,506 16,879

    1,092,166

    Land, Building, and Other Assets Less: Accumulated Depreciation

    2,524,457 (1,369,974) 1,154,483

    Other Assets Beneficial Interest in Wellspring Foundation

    Total Other Assets

    TOTAL ASSETS

    153,294 153,294

    $ 2,399,943

    LIABILmES AND NET ASSETS

    Current Liabilities Accounts Payable Accrued Expenses Note Payable Accrued Compensated Absences

    Total Current Liabilities

    $ 61,983 111,847

    82,925 256,755

    Unrestricted Operations Fixed Assets Beneficial Interest in Wellspring Foundation

    Temporarily Restricted

    Total Net Assets

    TOTAL LIABILITIES AND NET ASSETS

    643,501 1,154,483 153,294 191,910

    2,143,188

    $ 2,399,943

    The accompanying notes are an integral part of this financial sutement.

    3

  • TffE WEL^ffA^,y.IANCE FQy FAMILIES. INC. yTATEMENT Of ACnVlTlE^

    FQR Tl)[g YPAR ENDED PpCElVff E;R 31,2^^5

    CHANGES IN UNRESTRICTED NET ASSETS:

    Revenues, Gains, and Other Support Contributions In-kind Contributions Counseling Fees Grants Interest and Dividend Inconte Other Incontt Gain on Beneficial Interest in Wellspring Foundation

    Net Unrestricted Revenues, Gains, and Other Support Net Assets Released from Restrictions

    Total Revenue, Gains, and Other Support

    260,287 154,094 263,127

    4,485,348 102

    51,413 7,766

    5,222,137 169,143

    5,391,280

    Expenses Program Services Counseling and Family Development Don^stic Violence Family Justice Center Outreach, Prevention and Rapid Rehousing Permai^nt and Transitional Housing Big Brothers, Big Sisters

    Total Program Services Management and General

    Total Expenses

    1,048,528 816,128 303,448

    1,231,665 1,0%,908 298,465

    4,795,142 662,002

    5,457,144

    Decrease in Unrestricted Net Assets (65,864)

    CHANGES IN TEMPORARILY RESTRICTED NET ASSETS:

    Contributions Restricted by Donor Net Assets Released firom Donor Restrictions

    171,289 (169,143)

    Increase in Temporarily Restricted Net Assets 2,146

    TOTAL DECREASE IN NET ASSETS

    NET ASSETS AT BEGINNING OF YEAR