2006 STATEMENT OF PROGRAM ACCOMPLISHMENTS & FINANCIALS
CTM 2006 Form 990.pdf
Thousands of people suffer each year from hunger, homelessness, abandonment, drug and alcohol abuse, and many other impoverishing situations. Through the multiple programs at CityTeam Ministries, we’ve seen men, women, and children transform their lives. Time and time again, we’ve seen hope restored, hearts renewed, and lives changed because someone cared enough to reach out to them.
Since 1957, CityTeam has been a registered 501(c)(3) non-profit, non-denominational Christian organization serving the poor and homeless in six cities across the United States (San Jose, San Francisco, Oakland, Philadelphia, Portland, and Seattle). We provide shelter, meals, emergency food boxes, showers, clean clothing, furniture, individual and group counseling, anger management courses, GED preparation, job skills, long term recovery programs for men and women, youth after school programs, summer camp and other essential care.
CityTeam’s International Division in 2006 served in 23 countries and provided training, mentoring, spiritual leadership and other resources to equip our partners to effectively serve people who suffer from poverty. Today, our international team continues to assist in the tsunami affected areas of India and Indonesia by helping our partners to provide safe water and community rebuilding projects. CityTeam’s partners also provide life skills training and micro loans for economic development as part of the long term relief efforts.
Hurricane Katrina was one of the largest natural disasters in U.S. history. Within days of the disaster, CityTeam’s Disaster Relief teams arrived in Bay St. Louis, Mississippi, one of the hardest hit areas on the Gulf Coast, where 95% of structures suffered some sort of damage. More than 60% were destroyed. In those first months, we provided shelter, meals, clothing, transportation and counseling to thousands of people. CityTeam has worked with volunteers from around the country to help those in the greatest need: most often the poor, disabled and elderly. Today, our work continues as we help rebuild the Gulf Coast, making hundreds of home visits to make general repairs, remove debris and rebuild homes. We currently have over 130 families in our home rebuilding program. We also provide daily programs such as counseling, AA meetings, and other essentials that will help people rebuild their lives.
For the fiscal year ending August 31, 2006, General & Administrative and Fund Raising Expenses, as a percentage of total operational gift income was 19%, and Program Expenses plus replenishment of Reserves was 81%. These operating expenses were for CityTeam worldwide.
CityTeam is supported by contributions from individuals, corporations, churches and foundations. We strive to maintain the highest level of financial accountability at all times. Our commitment to our donors is to spend every dollar wisely and keep our financial affairs open and above reproach. Our Board of Trustees continues to operate an active Finance and Audit committee; we are audited annually by an independent accounting firm. We are also a charter member in good standing of the Evangelical Council of Financial Accountability.
For additional information about CityTeam, please visit our website at www.cityteam.org.
| |
| Programs |
Year
2006 |
| Meals served |
494,000
|
| Showers Provided |
71,543
|
| Nights of Shelter Provided |
140,092 |
| Food Boxes Distributed |
40,069 |
| Youth Outreach (tutoring, club, events, counseling, & camp) |
1,951 |
| Children Receiving New Back to School Supplies |
6,934 |
| Children Receiving New Christmas Toys |
14,759 |
| Families provided with Clothing & Furniture |
32,265 |
| Women and Men in Recovery |
485 |
| Hours of Counseling Provided |
6,619 |
| Medical & Dental Visits |
2,597
|
| Babies Born to Women at Heritage Home |
9 |
| Decisions for Christ |
31,638 |
| Volunteer Hours |
91,916 |
|
|
Donations & Revenue
|
|
General Donations |
$24,699,188 |
Rental Income & Other Revenue |
$1,622,803 |
TOTAL DONATIONS & REVENUE |
$26,321,991 |
Expenses |
|
Program |
$19,465,662 |
General & Administrative |
$2,015,328 |
Fundraising |
$3,643,808 |
TOTAL EXPENSES |
$25,124,798 |
Change in Net Assets |
$1,197,193 |
Add back non-cash depreciation expense |
$540,955 |
CHANGE IN NET ASSETS WITH NON-CASH DEPRECIATION ADDED BACK |
$1,738,148 |
Statement of Financial Position |
|
Total Assets |
$22,020,415 |
Total Liabilities |
$2,220,049 |
Net Assets |
|
Temporarily Restricted |
$1,725,986 |
Unrestricted |
$18,074,380 |
Total Net Assets |
$19,800,366 |
TOTAL LIABILITIES AND NET ASSETS |
$22,020,415 |
- This financial statement is for CityTeam world wide operations
- This financial statement includes gifts in kind
We are supported by contributions from individuals, corporations, churches and foundations. We strive to maintain the highest level of financial accountability at all times. Our commitment to our donors is to spend every dollar wisely and to keep our financial affairs open and above reproach. That is why we continue to maintain an active Audit and Finance committee and why we are audited annually by an independent accounting firm. We are also a charter member in good standing of the Evangelical Council of Financial Accountability.
|