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Financial Report (Compiled) Silencels Violence December 31, 2016 Bourgeois Bennett ^^CERTIFIED PUBLIC ACCOUNTANTS | CONSULTANTS A LIMITED LIABILITY COMPANY

Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

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Page 1: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Financial Report

(Compiled)

Silencels Violence

December 31, 2016

Bourgeois Bennett ^^CERTIFIED PUBLIC ACCOUNTANTS | CONSULTANTS

A LIMITED LIABILITY COMPANY

Page 2: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Financial Report

(Compiled)

Silencels Violence

December 31, 2016

Page 3: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

TABLE OF CONTENTS

SilencelsViolence New Orleans, Louisiana

December 31. 2016

Independent Auditor's Compilation Report

Page Number

1

Exhibits

A - Statement of Financial Position

B - Statement of Activities

C - Statement of Functional Expenses

D - Statement of Cash Flows

E - Notes to Financial Statements

2

3

4

5

6- 10

Supplementary Information

Schedule

1 - Schedule of Compensation, Benefits, and Other Payments to Agency Head or Chief Executive Officer 11

Special Report of Certified Public Accountants

Schedule of Findings and Responses 12

Report by Management

Management's Corrective Action Plan 13

Page 4: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Bourgeois Bennett ^^CERTIFIED PUBLIC ACCOUNTANTS | CONSULTANTS

A LIMITED LIABILITY COMPANY

INDEPENDENT AUDITOR'S COMPILATION REPORT

To the Board of Directors, SileneelsViolenee,

New Orleans, Louisiana.

Management is responsible for the aeeompanying financial statements of SileneelsViolenee (formerly known as New Orleans Bayou Steppers Social Aid & Pleasure Club Inc.) (a nonprofit organization) (the "Organization"), which comprise the statement of financial position as of December 31, 2016 and the related statements of activities, functional expenses, and cash flows for the year then ended, and the related notes to the financial statements in accordance with accounting principle generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants. We did not audit or review the accompanying financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements.

Other Matters

Other Supplementary Information

The aeeompanying supplementary information, on page 11, is presented for purposes of additional analysis and is required by Louisiana Revised Statute 24:513 (A)(3), and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. This information is the representation of management. This information was subject to our compilation engagement; however, we have not audited or reviewed the required supplementary information and, accordingly, do not express an opinion, a conclusion, nor provide any form of assurance on such information.

Certified Public Accountants.

New Orleans, Louisiana, June 9, 2017.

1

P.O. Box 60600 . NEW ORLEANS, LA 70160-0600 504.831.4949 BOURGEOISBENNETT.COM

Page 5: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Exhibit A

STATEMENT OF FINANCIAL POSITION

SilencelsViolence New Orleans, Louisiana

December 31, 2016

See Independent Accountant's Compilation Report

Assets Cash $ 2,465

Liabilities Accounts payable and accrued liabilities Line of credit Loan from related party

29,544 14,365 14.824

Total liabilities 58.733

Net Assets (Accumulated Deficit) Unrestricted

Total liabilities and net assets

(56,268)

$ 2,465

See notes to financial statements.

Page 6: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Exhibit B

STATEMENT OF ACTIVITIES

Silencels Violence New Orleans, Louisiana

For the year ended December 31, 2016

See Independent Accountant's Compilation Report

Revenues and Support Government grants Private grants Contributions

Total revenues and support

Expenses Program services Supporting services:

Management and general

Total expenses

Change in Net Assets

Net Assets (Accumulated Deficit) Beginning of year

End of year

85,383 73,000 3.771

162.154

145,887

50,233

196,120

(33,966)

(22,302)

$ (56,268)

See notes to financial statements.

Page 7: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Exhibit C

STATEMENT OF FUNCTIONAL EXPENSES

SilencelsViolence New Orleans, Louisiana

For the year ended December 31, 2016

See Independent Accountant's Compilation Report

Salaries and benefits Payroll taxes Professional fees Rent Telephone and internet Direct client support Supplies Other expenses Interest expense Insurance Advocacy Bank fees Artist payments Utilities Food Postage Grants management Repairs and maintenance

Total expenses

Program Services

Management and General Totals

$ 94,642 $ 31,547 $ 126,189 23,224 7,741 30,965

7,014 2,338 9,352 6,075 2,025 8,100 3,646 1,216 4,862 3,054 15 3,069 1,869 623 2,492 1,688 563 2,251

- 2,214 2,214 1,627 543 2,170 1,159 - 1,159

- 1,015 1,015 650 - 650 445 149 594 383 68 451 277 93 370

59 58 117 75 25 100

$ 145,887 $ 50,233 $ 196,120

See notes to financial statements.

4

Page 8: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Exhibit D

STATEMENT OF CASH FLOWS

SilencelsViolence New Orleans, Louisiana

For the year ended December 31, 2016

See Independent Accountant's Compilation Report

Cash Flows From Operating Activities Change in net assets Adjustments to reconcile change in net assets to

net cash used in operating activities: Increase in liabilities:

Accounts payable and accrued liabilities

$ (33,966)

4.453

Net cash used in operating activities

Cash Flows From Financing Activities Proceeds from line of credit, net of repayments Loan from related party Repayments on loan from related party

(29,513)

14,365 15,000

(176)

Net cash provided by financing activities 29.189

Net Decrease in Cash (324)

Cash Beginning of year

End of year

2.789

$ 2,465

Supplemental Information Cash paid during the year for interest $ 2,214

See notes to financial statements.

Page 9: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Exhibit E

NOTES TO FINANCIAL STATEMENTS

SilencelsViolence New Orleans, Louisiana

December 31. 2016

Note 1 - NATURE OF ACTIVITIES

SilencelsViolence (formerly known as New Orleans Bayou Steppers Social Aid & Pleasure Club Inc.) (a non-profit organization) (the "Organization") was established on November 19, 2003. The Organization is a social enterprise whose mission is to call upon both citizens and public officials to achieve a safe New Orleans across all communities.

The Organization provides direct victim services, creative youth engagement, and public advocacy, working with clients and partners from every sector to achieve safe, just, and thriving communities.

Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Basis of Accounting

The financial statements of the Organization have been prepared in conformity with accounting principles generally accepted in the United States of America, which involves the application of accrual accounting; revenues and gains are recognized when earned and expenses and losses are recognized when incurred.

b. Basis of Presentation

The Organization reports information regarding financial position and activities according to three classes of net assets: unrestricted, temporarily restricted, and permanently restricted, based on donor stipulations and restrictions placed on contributions, if any. Accordingly, net assets of the Organization and changes therein are classified and reported as follows:

Unrestricted Net Assets - Net assets that are not subject to donor-imposed stipulations.

Page 10: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Exhibit E (Continued)

Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

b. Basis of Presentation (Continued)

Temporarily Restricted Net Assets - Net assets subject to donor-imposed stipulations that may or will be met either by actions of the Organization and/or the passage of time. The Organization did not have any temporarily restricted net assets as of December 31, 2016.

Permanently Restricted Net Assets - Net assets subject to donor-imposed stipulations that are maintained permanently by the Organization. Generally, the donors of these assets permit organizations to use all or part of the income earned on related investments for general or specific purposes. As of December 31, 2016, the Organization did not have any permanently restricted net assets.

c. Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

d. Cash and Cash Equivalents

For the purpose of the Statement of Cash Flows, the Organization considers all highly liquid debt instruments purchased with an initial maturity of three months or less to be cash equivalents. There were no cash equivalents as of December 31,2016.

e. Promises to Give

Unconditional promises to give are recognized when the donor makes a promise to give to the Organization that is, in substance, unconditional. Conditional promises to give are recognized when the conditions on which they depend are substantially met. There was $62,500 in conditional promises to give as of December 31, 2016 which is dependent on the Organization meeting reporting and other donor requirements that are due throughout the subsequent year.

Page 11: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Exhibit E (Continued)

Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

f. Contributions and Revenue Recognition

Contributions are recorded as unrestricted, temporarily restricted, or permanently restricted support, depending on the existence or nature of any donor restrictions. Support that is restricted by a donor is reported as an increase in temporarily or permanently restricted net assets, depending on the nature of the restrictions. When a restriction expires (that is, when a stipulated time restriction ends or a purpose restriction is accomplished), temporarily restricted net assets are reclassified to unrestricted net assets and reported in the Statement of Activities as net assets released from restrictions. Donor restricted contributions whose restrictions are met in the same reporting periods are reported as unrestricted support.

g. Donated Services of Volunteers

Donated services have not been reflected in the financial statements since no objective basis is available to measure the value of such services. A substantial number of volunteers donate significant amounts of their time in program and supporting services.

h. Allocated Expenses

The costs of providing the various programs and other activities are summarized in the Statement of Functional Expenses. Certain expenses have been allocated among the programs and supporting services based on management's estimates of the costs involved.

i. Income Taxes

The Organization has received a letter of determination from the Intemal Revenue Service advising that it qualifies as a non-profit corporation under Section 501 (c)(3) of the Intemal Revenue Code, and therefore, is not subject to income tax.

Accounting standards provide detailed guidance for financial statement recognition, measurement, and disclosures of uncertain tax positions recognized in an entity's financial statements. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. Tax years ended December 31, 2013 and later remain subject to examination by the taxing authorities. As of December 31, 2016, management of the Organization believes that it has no

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Exhibit E (Continued)

Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

i. Income Taxes (Continued)

uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

j. Subsequent Events

Management evaluates events occurring subsequent to the date of financial statements in determining the accounting for and disclosure of transactions and events that effect the financial statements. Subsequent events have been evaluated through June 9, 2017, which is the date the financial statements were available to be issued.

Note 3- CONCENTRATION OF CREDIT RISK

The Organization maintains cash accounts in a local financial institution. The Federal Deposit Insurance Corporation insures accounts at the financial institution up to $250,000 as of December 31, 2016. As of December 31, 2016, the Organization did not have any funds that were not insured.

Note 4- LINE OF CREDIT

The Organization entered into an unsecured line of credit with a local financial institution on April 28, 2016 that provided borrowings up to $15,000. The line of credit matured on April 27, 2017 and was not renewed. The line of credit bore interest at a rate equal to the Wall Street Journal prime rate plus 4% (7.75% as of December 31, 2016). As of December 31, 2016, the outstanding balance on the line of credit totaled $14,365.

Notes- RISK MANAGEMENT

The Organization is exposed to various risks of loss from torts; theft of, damage to, and destruction of assets; business interruption; errors and omissions; and employee injuries. Commercial insurance coverage is purchased for claims arising from such matters. There were no settlement claims that exceeded this commercial coverage during the years ended December 31, 2016.

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Exhibit E (Continued)

Note 6 - BOARD OF DIRECTORS' COMPENSATION

The Board of Directors is a voluntary board. Accordingly, no compensation was paid to any Board member for the year ended December 31,2016.

Note 7 - RELATED PARTY TRANSACTIONS

As of the year ended December 31, 2016, the Organization had unsecured loans from a board member totaling $14,824. The loan does not bear interest and the loan is due on demand.

Notes- CONCENTRATION

For the year ended December 31, 2016, the majority of the Organization's revenue was derived from one private grant totaling $62,500 (39% of total revenue) and one government grant totaling $85,383 (53% of total revenue).

Note 9 - SUBSEQUENT EVENTS

On May 30, 2017, the Organization entered into a note payable in the amount of $13,771 with a local financial institution to pay off the balance due on the line of credit. The note payable bears interest at a rate of 6.5% and requires monthly payments of $270. The note payable matures on May 30, 2022.

10

Page 14: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

Schedule 1

SCHEDULE OF COMPENSATION, BENEFITS, AND OTHER PAYMENTS TO AGENCY HEAD OR CHIEF EXECUTIVE OFFICER

SilencelsVioIence New Orleans, Louisiana

For the year ended December 31, 2016

Agency Head Name: Tamara Jackson, Executive Director

Purpose Salary $ 43,846 Benefits - insurance 0 Benefits - retirement 0 Benefits - other 0 Car allowance 0 Vehicle provided by government 0 Per diem 0 Reimbursements 0 Travel 0 Registration fees 0 Conference travel 0 Continuing professional education fees 0 Housing 0 Unvouchered expenses 0 Special meals 0_

$ 43,846

11

Page 15: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

SCHEDULE OF FINDINGS AND RESPONSES

SilencelsViolence New Orleans, Louisiana

For the year ended December 31, 2016

Section I - Summary of Independent Accountant's Compilation Report

a) Financial Statements

A standard compilation report was issued.

Noncompliance material to financial statements noted? Yes X No

b) Federal Awards

The Organization did not expend Federal awards in excess of $750,000 during the year ended December 31.2016.

Section II - Internal Control Over Financial Reporting and Compliance and Other Matters Material to the Basic Financial Statements

Internal Control Over Financial Reporting

No financial reporting findings material to the basic financial statements were reported during the compilation of the financial statements for the year ended December 31, 2016.

Compliance and Other Matters

No financial reporting findings material to the basic financial statements were reported during the compilation of the financial statements for the year ended December 31, 2016.

12

Page 16: Silence is Violence - app.lla.state.la.us€¦ · Silencels Violence December 31, 2016 . TABLE OF CONTENTS SilencelsViolence New Orleans, Louisiana December 31. 2016 Independent Auditor's

MANAGEMENT'S CORRECTIVE ACTION PLAN

SilencelsViolence New Orleans, Louisiana

For the year ended December 31, 2016

Section I - Internal Control Over Financial Reporting and Compliance and Other Matters Material to the Basic Financial Statements

Internal Control Over Financial Reporting

No financial reporting findings material to the basic financial statements were reported during the compilation of the financial statements for the year ended December 31,2016.

Compliance and Other Matters

No financial reporting findings material to the basic financial statements were reported during the compilation of the financial statements for the year ended December 31, 2016.

13