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Western Union Foundation 2006 Statement of Revenue & Expenditures
Western Union Foundation
Statement of Revenue Collected,
Expenditures Made, And Changes in Net Assets
Income Tax
Basis Year Ended December 31, 2006
| Revenue Collected: |
|
| Contributions |
$8,815,879 |
| Special event revenue collected |
250,605 |
| Less direct special event costs paid |
(62,463) |
| Interest income |
129,583 |
| Loss on disposal of assets |
(1,849) |
| |
|
Total revenue collected
|
9,131,755 |
| |
|
| Expenditures Made: |
|
| Grants and scholarships |
9,653,889 |
| |
|
| Salaries and benefits |
573,263 |
| Marketing and communications |
93,696 |
| Professional and consulting fees |
49,328 |
| Other administrative and fundraising expenses |
97,123 |
| Excise taxes |
900 |
| |
|
Total expenditures made
|
10,468,199 |
| |
|
Excess of expenditures made over revenue collected
|
(1,336,444) |
| |
|
| Net assets at beginning of year |
3,117,183 |
| |
|
| Net assets at end of year |
$1,780,739 |
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