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Asian Law Alliance Annual Report 2005-06
| SANTA CLARA COUNTY ASIAN LAW ALLIANCE, INC. | ||||||||||
| STATEMENT OF FINANCIAL POSITION | ||||||||||
| Assets | ||||||||||
| June 30, | ||||||||||
| 2006 | 2005 | |||||||||
| Current Assets: | ||||||||||
| Cash | $ | 302,360 | $ | 266,640 | ||||||
| Accounts receivable | 28,887 | 40,460 | ||||||||
| Unconditional promise to give | 18,894 | 25,588 | ||||||||
| Short-term investments | 30,914 | 66,259 | ||||||||
| Total Current assets | 381,055 | 398,947 | ||||||||
| Property and equipment, net | 2,130 | 1,060 | ||||||||
| Other assets: | ||||||||||
| Deposits | 3,580 | 3,580 | ||||||||
| $ | 386,765 | $ | 403,587 | |||||||
| Liabilities and Net Assets | ||||||||||
| Current liabillities | ||||||||||
| Account payable | $ | 7,500 | $ | 20,000 | ||||||
| Deferred grant revenue | - | 20,000 | ||||||||
| Trust funds | 5,421 | 5,511 | ||||||||
| Accrued expenses | 33,285 | 35,130 | ||||||||
| Total current liabilities | 46,206 | 80,641 | ||||||||
| Commitments | ||||||||||
| Net assets: | ||||||||||
| Unrestricted | 337,074 | 315,389 | ||||||||
| Temporarily restricted | 3,485 | 7,557 | ||||||||
| 340,559 | 322,946 | |||||||||
| $ | 386,765 | $ | 403,587 | |||||||