HomeMy WebLinkAboutILA Evidence of Fiscal CapacityDecember 31, 2021 December 31, 2020 December 31, 2019
ASSETS
Current Assets
Cash 3,115,351$ 2,388,238$ 3,019,355$
Certificates of Deposit - 125,816 320,395
Treasury Bills 5,264,009 5,363,520 2,910,443
Trust Fund Cash 192,673 16,471 17,709
Grants and Appropriations Receivable 3,985,435 3,559,027 3,357,825
Prepaid Expenses 24,997 32,219 184,390
Total Current Assets 12,582,464 11,485,291 9,810,116
Other Assets
Community Foundation Endowment 480,140 444,007 427,183
Interest in ILA Foundation 1,212,187 1,228,983 1,281,046
Total Other Assets 1,692,328 1,672,990 1,708,229
Fixed Assets, Net 302,169 233,569 367,026
TOTAL ASSETS 14,576,961$ 13,391,851$ 11,885,371$
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts Payable 4,564$ 52,786$ 1,918$
Trust Fund Payable 192,673 16,471 17,709
Accrued Expenses 84,478 10,066 84,844
Accrued Payroll Liabilities 0 (29,622) 171,992
Total Current Liabilities 281,715 49,701 274,633
Other Liabilities
Accrued Vacation 636,617 678,326 533,585
Deferred Revenue 292,892 950,987 -
Capital Lease Payable 97,272 190,040 278,479
Total Other Liabilities 1,026,780 1,819,353 812,063
Total Liabilities 1,308,496 1,869,054 1,086,696
Net Assets
Net Assets Without Restriction 7,223,788 4,649,469 6,249,024
Net Assets with Restriction 4,299,474 5,671,440 -
YTD Surplus (Loss) 1,745,203 1,201,887 2,902,389
Total Net Assets 13,268,465 11,522,796 9,151,413
TOTAL LIABILITIES AND NET ASSETS 14,576,961$ 13,391,850$ 10,238,109$
Iowa Legal Aid
Statement of Financial Position
As of
December-21 December-20 December-19
Actual Actual Actual
Public Support and Revenue
Federal Government 3,658,438$ 3,238,496$ 2,963,595$
Other Federal Awards 1,565,088 1,729,378 1,775,574
LSC Carryover 628,982 - -
State Government 3,207,335 4,264,607 3,594,072
Local Government 733,241 185,153 250,000
Foundations 2,055,977 1,368,417 1,648,347
Iowa Legal Aid Foundation 715,000 490,000 541,222
United Way 842,132 660,458 794,243
Annual Campaign 16,576 47,874 46,807
Bar Associations 35,527 35,500 35,500
Investment Income, net 61,485 62,127 137,845
Realized Gain (Loss) (10,792) 1,536 -
Other Revenue 53,193 112,336 19,641
Cash Revenues 13,562,182$ 12,195,882$ 11,806,846$
Value of Donated Support 1,046,800 1,114,178 1,599,125
Total Public Support and Revenues 14,608,982$ 13,310,060$ 13,405,971$
EXPENSE
Salaries 7,105,428 6,780,386 6,178,061
Fringe Benefits 2,824,434 2,543,576 2,378,786
Dues and Fees 14,437 - 35,497
Program Insurance 76,226 89,432 31,228
Occupancy 420,655 392,281 387,392
Communications 415,163 355,560 273,494
Equipment 64,182 122,059 159,708
Software 11,792 11,520 -
Supplies and related 63,977 36,265 122,293
Program Travel 100,630 57,532 153,691
Training 38,050 31,244 50,526
Boards and Councils 3,438 3,702 18,610
Library Expenses 90,650 71,973 69,902
Litigation Expenses 90,859 87,756 12,028
Recruitment 1,984 658 -
Audit Fees 33,550 32,800 32,100
Professional Fees 213,237 188,036 377,625
Bank Charges 2,926 6,824 7,718
Fundraising Expenses 3,922 3,620 -
Miscellaneous Expenses (70) 500 -
Total Cash Operating Expenses 11,575,470 10,815,725 10,288,659
Donated Support 1,046,800 1,114,078 1,599,125
Total Operating Expenses 12,622,270$ 11,929,804$ 11,887,784$
Operating Surplus before Other Income (Expense) 1,986,713 1,380,157 1,518,187
OTHER INCOME (EXPENSE)
Depreciation Expense (119,590) (154,733) (67,531)
Interest Expense (7,022) - -
Endowment support of operations (600) (17,600) -
Unrealized Gain (Loss) (95,794) (11,577) -
Total Other Income (Expense) (241,510) (178,370) (67,531)
Operating Surplus (Loss) 1,745,203$ 1,201,787$ 1,450,656$
Iowa Legal Aid
Statement of Activities
For the Year Ended
(GAAP Basis and Unaudited)