IRS REPORT 2007-2008
Our thanks to Romy Coronacion for completing our IRS report for Fiscal Year 2007-2008.
As indicated below we received total revenues of $128,482 and spent a total $39,084. Balance forwarded from previous years was a total of $9,890. Please note that the bulk of the donations in 2007-2008 came from an anonymous gift of 12,000 shares of Marathon PGM CP which worth $75,991 at the time of receipt on July 15, 2007. At FY ending June 30, 2008, these donated securities have a market value of $39,997, or a loss in investment of $35,994, leaving an asset of $63,294.
Please note: All of the grants of $37,466 were donor-designated and therefore could only be used for the causes chosen by the donors. The bulk of the grants ($32,966) went to Socio Pastoral Institute, from mission appeal in the Archdiocese of Denver and from grants for projects supported by Metro Infanta Foundation. Other recipients of grants were the Discalced Carmelite, the Prelature of Infanta, St. Mark Parish, Alagad ni Maria, St. Joseph Formation House, and others.
Financial Report 2007-2008
Balance Forward: $9,890
Revenues:
Donations: $127,806
Membership: 200
Interest: 476
TOTAL REVENUES: $128,482
Grand Total: $138,372
Expenses :
Grants: $37,466
Postage: 158
Conference, conventions, meetings: 588
Miscellaneous: 472
Bank Charges: 60
Internet: 340
TOTAL EXPENSES: $39,084
Loss on investment: $35,994
Balance: $63,294