Empower the underpriviledged | Lotus Petal Foundation USA

Lotus Petal USA
Statement of Activities
For the year ended December 31, 2019
	Figures in USD
Funds Raised
Contributions by Donors	57,526.00
Artwork Auction Sale	1,625.00
Total Income	59,151.00
Direct Costs of Fund Raising
Fundraising Event Expenses	26,620.16
Travel – Fundraising related	311.10
Credit Card Processing Fees	73.60
Total Cost of Funds Raised	27,004.86
Funds Raised after Direct Costs	32,146.14
Operating Expenses
Insurance	915.00
Business License & Fees	275.00
Software Subscription Fee	65.25
Bank Service Charges	59.00
Total Operating Expenses	1,314.25
Net Funds Raised	30,831.89

Disbursements made to Charitable Causes	25,000.00

Funds Retained	5,831.89

Lotus Petal USA
Statement of Financial Position
As of December 31, 2019
Assets
Cash and Cash Equivalents
Balances with scheduled banks	5,831.89
Total Cash and Cash Equivalent	5,831.89

Total Assets	5,831.89
Liabilities
Unrestricted donation fund	5,831.89
Total Liabilities	5,831.89

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