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Razoo Foundation: Audited Financial Statements And Supplementary Information (2011 & 2010).pdf

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Preview of Razoo Foundation: Audited Financial Statements and Supplementary Information (2011 & 2010)
🔗 Source: mightycausefoundation.org
📊 Size: 137 KB
👤 Author: vdolinger
⬇️ Downloads: 137

Summary

The Razoo Foundation's audited financial statements for December 31, 2011, and 2010 include an Independent Auditor’s Report, Statements of Financial Position, Activities and Changes in Net Assets, Cash Flows, and supplementary information. The audit was conducted according to U.S. generally accepted auditing standards, ensuring the financial statements are free from material misstatement.

As of December 31, 2011, Razoo Foundation had net assets of $4,801,198, with cash and cash equivalents totaling $4,877,208. The foundation experienced a change in net assets of $1,585,812 for the year ended December 31, 2011, compared to $3,215,386 from inception to December 31, 2010.

The Foundation operates as a public charity with a donor-advised fund established on April 19, 2010. It is recognized by the IRS under Section 501(c)(3) of the Code and focuses on democratizing philanthropy through cost-efficient e-solutions for charitable giving. The Foundation's activities include educational services to promote e-philanthropy globally.

Financial statements are prepared on an accrual basis in accordance with U.S. generally accepted accounting principles applicable to not-for-profit organizations, as specified by the American Institute of Certified Public Accountants. Cash and cash equivalents are reported for financial purposes.

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Description

The document contains audited financial statements and supplementary information for Razoo Foundation as of December 31, 2011, and 2010. It includes an Independent Auditor’s Report, Statements of Financial Position, Activities and Changes in Net Assets, Cash Flows, Notes to Financial Statements, and Schedules of Functional Expenses.

Technical Information

  • File Format: PDF
  • File Size: 137 KB
  • Pages: 13
  • Language: EN
  • Author: vdolinger
  • Total Downloads: 137
  • Last Updated: 2 months ago

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