SUDDEN INFANT DEATH SYNDROME RESOURCES, INC. FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2008 AND 2007

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1 FINANCIAL STATEMENTS

2 TABLE OF CONTENTS Page INDEPENDENT AUDITORS REPORT... 1 FINANCIAL STATEMENTS Statements of Financial Position... 2 Statements of Activities... 3 Statements of Functional Expenses... 4 Statements of Cash Flows... 5 Notes to Financial Statements... 6

3 INDEPENDENT AUDITORS REPORT To the Board of Directors Sudden Infant Death Syndrome Resources, Inc. St. Louis, Missouri We have audited the accompanying statements of financial position of Sudden Infant Death Syndrome Resources, Inc. as of September 30, 2008 and 2007 and the related statements of activities, functional expenses, and cash flows for the years then ended. These financial statements are the responsibility of the Organization s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Sudden Infant Death Syndrome Resources, Inc. as of September 30, 2008 and 2007, and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America. GMCH St. Louis, Missouri December 8,

4 STATEMENTS OF FINANCIAL POSITION SEPTEMBER 30, 2008 AND 2007 ASSETS CURRENT ASSETS Cash $ 152,722 $ 135,274 Accounts receivable 4,436 2,688 Deposit 1,500 1,500 Prepaid expenses 1,693 1,691 Total Current Assets 160, ,153 PROPERTY AND EQUIPMENT, net 1, Total Assets $ 162,158 $ 141,814 LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable $ 8,147 $ 24,450 Accrued expenses 6,142 11,838 Total Current Liabilities 14,289 36,288 NET ASSETS Unrestricted 46,050 26,341 Temporarily restricted 101,819 79,185 Total Net Assets 147, ,526 Total Liabilities and Net Assets $ 162,158 $ 141,814 See accompanying notes to financial statements. -2-

5 STATEMENTS OF ACTIVITIES 2008 Temporarily Restricted Unrestricted (Notes 4 & 5) Total PUBLIC SUPPORT AND REVENUE Contributions $ 36,128 $ 157,119 $ 193,247 Fundraising special events 171, ,549 United Way contributions 75,516-75,516 Interest income Miscellaneous income In-kind donations 13,402-13,402 Satisfaction of program restrictions 134,485 (134,485) - Total Public Support and Revenue 431,996 22, ,630 EXPENSES Program Services Education 192, ,299 Bereavement 126, ,449 Supporting Services Management and general 19,393-19,393 Fundraising 74,146-74,146 Total Expenses 412, ,287 NET CHANGE IN NET ASSETS 19,709 22,634 42,343 NET ASSETS, BEGINNING OF YEAR 26,341 79, ,526 NET ASSETS, END OF YEAR $ 46,050 $ 101,819 $ 147,869

6 2007 Temporarily Restricted Unrestricted (Notes 4 & 5) Total $ 55,737 $ 161,223 $ 216, , ,279 51,685-51, ,843-3, ,152 (167,152) - 472,102 (5,929) 466, , ,633 89,466-89,466 70,570-70, , , , ,599 31,503 (5,929) 25,574 (5,162) 85,114 79,952 $ 26,341 $ 79,185 $ 105,526 See accompanying notes to financial statements. -3-

7 STATEMENTS OF FUNCTIONAL EXPENSES 2008 Management Program Services and Education Bereavement General Fundraising Total Salaries $ 103,550 $ 70,025 $ 5,095 $ 16,092 $ 194,762 Employee benefits 21,923 14,891 1,241 3,310 41,365 Total Salaries and Related Expenses 125,473 84,916 6,336 19, ,127 Special events direct expenses 9, ,109 59,003 Rent 15,003 14, ,033 Supplies 14, ,701 Professional fees 4,918 4,588 2,210-11,716 In-kind donations 3,085 2,459 5, ,402 Printing 797 7, ,786 Communication 4,289 2, ,526 7,971 Travel 6, ,117 Insurance 3,462 3, ,924 Miscellaneous 2, , ,940 Postage 1,438 3, ,573 Utilities 1,296 1, ,465 Depreciation Dues Loss on disposal of property Total Expenses $ 192,299 $ 126,449 $ 19,393 $ 74,146 $ 412,287

8 2007 Management Program Services and Education Bereavement General Fundraising Total $ 101,936 $ 51,755 $ 30,253 $ 24,152 $ 208,096 15,435 8,341 8,011 4,274 36, ,371 60,096 38,264 28, , ,365 74,563 8,571 8,383 6,689 4,407 28,050 21,359 1,964 1, , ,800-11, ,033 8, ,145 14,854 2,496 1,688 2,865 1,275 8,324 7, ,374 2,793 2, ,587 1, , ,979 1,026 3, ,496 6, , ,161-2,161 $ 167,633 $ 89,466 $ 70,570 $ 112,930 $ 440,599 See accompanying notes to financial statements. -4-

9 STATEMENTS OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES Net change in net assets $ 42,343 $ 25,574 Adjustments to reconcile net change in net assets to net cash provided by operating activities - Depreciation Loss on disposal of property - 2,161 Donated equipment (2,000) - (Increase) Decrease in: Accounts receivable (1,748) (21) Prepaid expenses (2) (999) Increase (Decrease) in: Accounts payable (16,303) 21,480 Accrued expenses (5,696) (324) Net Cash Provided by Operating Activities 17,448 48,751 NET CHANGE IN CASH 17,448 48,751 CASH, BEGINNING OF YEAR 135,274 86,523 CASH, END OF YEAR $ 152,722 $ 135,274 See accompanying notes to financial statements. -5-

10 NOTES TO FINANCIAL STATEMENTS NOTE 1: NATURE OF ACTIVITIES AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Activities Sudden Infant Death Syndrome Resources, Inc. (the Organization) is a nonprofit organization that provides services relating to Sudden Infant Death Syndrome. Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of support, revenues and expenses during the reporting period including grant and contract revenues subject to review by applicable funding agencies. Accordingly, actual results could differ from those estimates. Basis of Presentation According to the provisions of Statement of Financial Accounting Standards (SFAS) No. 117, Financial Statements of Not-For-Profit Organizations, organizations are required to report information regarding their financial position and activities based on the existence or absence of donor-imposed restrictions. 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 restrictions. Temporarily Restricted Net Assets - Net assets that have not yet met donor restrictions or for which the ultimate purpose of the assets is not permanently restricted. Permanently Restricted Net Assets - Net assets that are subject to donor restrictions. At September 30, 2008 and 2007, the Organization does not have net assets that qualify as permanently restricted. -6-

11 NOTES TO FINANCIAL STATEMENTS Functional Expenses The Organization allocates its expenses on a functional basis to its various programs and support services. Expenses that can be identified with a specific program and support service are allocated directly according to their natural expenditure classification. Other expenses that are common to several functions are primarily allocated based on payroll allocations and management estimates. Accounts Receivable Accounts receivable are reported at the amount management expects to collect on balances outstanding at year-end. Management closely monitors outstanding balances and writes off, as of year-end, all balances that are deemed to be uncollectible. Property and Equipment Property and equipment is recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Tax Status The Organization is tax-exempt under Section 501(c)(3) of the Internal Revenue Code and, therefore, is exempt from federal income taxes. Accordingly, no provision has been made for income taxes in the accompanying financial statements. Contributions Unconditional promises to give cash and other assets are accrued at estimated fair value at the date each promise is received. The gifts are reported as either temporarily or permanently restricted support if they are received with donor stipulations that limit the use of the donated assets. When a donor restriction expires, that is, when a stipulated time restriction ends or purpose restriction is accomplished, temporarily restricted net assets are reclassified as unrestricted net assets and reported as an increase in unrestricted net assets. Donor-restricted contributions whose restrictions are met within the same year as received are reported as unrestricted contributions. Reclassifications Certain accounts in the prior-year financial statements have been reclassified for comparative purposes to conform to the presentation in the current-year financial statements. -7-

12 NOTES TO FINANCIAL STATEMENTS NOTE 2: PROPERTY AND EQUIPMENT Property and equipment consists of the following at September 30: Furniture $ 27,104 $ 25,104 Property and equipment, at cost 27,104 25,104 Accumulated depreciation (25,297) (24,443) Property and equipment, net $ 1,807 $ 661 Depreciation expense was $854 and $880 for the years ended September 30, 2008 and 2007, respectively. NOTE 3: COMMITMENTS The Organization rents office space and certain office equipment under operating lease arrangements, which expire at various dates through July Rent expense totaled $31,033 and $28,050 for the years ended September 30, 2008 and 2007, respectively. Future minimum lease payments at September 30, 2008 are as follows: 2009 $ 2, , ,965 $ 6,681-8-

13 NOTES TO FINANCIAL STATEMENTS NOTE 4: TEMPORARILY RESTRICTED NET ASSETS RELEASED The Organization gratefully acknowledges the support of grantors, without whose support, the Organization would not be able to sustain its level of program activities. Temporarily restricted net assets released are as follows: Purpose Boeing EE Community Fund Urban outreach Kansas City $ 465 $ - Childrens Trust Fund Child Care Provider Education 13,953 25,854 CJ Foundation Support Service - 10,333 CJ Foundation Website Development - 3,840 CJ Foundation SUDC Support CJ Foundation Safe sleep symposium 1,015 - CJ Foundation Education and Outreach 18,538 3,763 Health Care Foundation Community Education 38,658 48,292 March of Dimes Eastern Region Urban Outreach 17,473 - March of Dimes Western Region Grant 4,207 7,573 Missouri Foundation for Health Urban Outreach-STL/Springfield 2,737 55,858 Missouri Foundation for Health SIDS Education - 7,500 Missouri Foundation for Health Women s Wellness Outreach - 2,462 Old Newsboys Day St Louis Safe Crib Program 5,208 1,302 State of Missouri Safe Cribs Project 31,975 - State of Missouri Information Distribution $ 134,485 $ 167,152-9-

14 NOTES TO FINANCIAL STATEMENTS NOTE 5: TEMPORARILY RESTRICTED NET ASSETS Temporarily restricted net assets were $101,819 and $79,185 at September 30, 2008 and 2007, respectively. Temporarily restricted net assets from grantors and other sources include the following: Purpose Boeing EE Community Fund Urban outreach Kansas City $ - $ 465 Center for Disease Control Urban outreach program Childrens Trust Fund Child Care Provider Professional Education 19,577 13,450 CJ Foundation Safe sleep symposium - 1,015 CJ Foundation SUDC Support 1,125 1,125 CJ Foundation Education and Outreach 15,015 8,237 Health Care Foundation Community Foundation - 16,481 March of Dimes Eastern Region Grant Urban Outreach 7,835 - March of Dimes Professional training 1,500 1,500 March of Dimes Western Region Grant - 4,207 Missouri Foundation for Health Urban Outreach- STL/Springfield 53,571 2,737 Old Newsboys Day Crib Program - 2,921 Old Newsboys Day St. Louis Safe Crib Program State of Missouri Information Distribution 2,244 2,500 Various Donors Safe Cribs Project - 24,142 Total Temporarily Restricted Net Assets $ 101,819 $ 79,