THOMAS W. VAN HORN, JR.
CERTIFIED PUBLIC ACCOUNTANT
114 SOUTH VICKSBURG STREET
Marion, IL 62959
(618) 997-5524
February 20, 1997
Mr. Thomas J. Logan, President
Marion Medical Mission
1412 Shawnee Drive
Marion, Illinois 62959
Dear Mr. Logan:
This letter is to inform you that I have reviewed the accounting records and financial statements of Marion Medical Mission for the year ended June 30, 1996 and have found no problems. It appears that the financial statements correctly state the cash balances and results of operations for that fiscal year. This was done in conjunction with the preparation of IRS Form 990. I review the accounting records and prepare Form 990 on an annual basis.
Also, please note in the statement of revenues and expenses that all administrative costs are covered by separate contributions from the officers and directors of Marion Medical Mission. Any contributions received from churches and other individuals go 100 percent to the mission field. As a matter of fact, there was actually $55 in net revenue from administrative and travel items.
I hope this information will be sufficient for your files. If you have any questions, please contact me.
Very truly yours,
Thomas W. Van Horn, Jr.
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MARION MEDICAL MISSION BALANCE SHEET - JUNE 30, 1996
ASSETS
Cash in Bank, General Account----------------------------------------------------24,189
Cash in Bank, Administration Account ------------------------------------------- 1,033
----------------------------------------------------------------------------------------------25,222
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LIABILITIES AND FUND BALANCE
Accounts Payable ----------------------------------------------------------------------------5
Fund Balance-------------------------------------------------------------------------$25,217
---------------------------------------------------------------------------------------------25,222
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STATEMENT OF REVENUES AND EXPENSES FISCAL YEAR ENDED JUNE 30, 1996
Revenues:
. Contributions:
| General -----------------------------------------------------------------------$34,699 |
| Hospital-----------------------------------------------------------------------------653 |
| Shallow Wells------------------------------------------------------------------11,749 |
| Designated-----------------------------------------------------------------------2,436 |
| Freight-----------------------------------------------------------------------------2,740 |
| Interest----------------------------------------------------------------------------- 922 |
.......Total cash revenues----------------------------------------------------------$53,199
.Donations-In Kind:
| Medical Supplies and Hospital Equipment - Estimated Value-----$11,062 |
. Administration and mission travel:
| Reimbursements from mission team--------------------------------------15,522 |
| Less Administration and travel expenses------------------------------(15,467) |
.......Net administrative and travel revenue--------------------------------------- $55
.......Total revenues----------------------------------------------------------------- $64,316
Mission Expenses:
| Hospital Supplies and medicines--------------------------------------------3,690 |
| Shallow Well Supplies--------------------------------------------------------19,031 |
| General Needs, Embangweni Hospital------------------------------------3,000 |
| Chizimya Full Primary School-----------------------------------------------8,088 |
| Embangweni School for Deaf Children----------------------------------28,000 |
| School Supplies--------------------------------------------------------------------323 |
| Scholarships, Designated-------------------------------------------------------348 |
| Air Freight -----------------------------------------------------------------------2,740 |
.......Total Mission Expenditures-------------------------------------------------$65,220
. Donations-In-Kind:
| Delivery of medicines, supplies, equipment to Malawi-------------$11,062 |
.......Total Mission Expenses-----------------------------------------------------$76,282
Net revenue over expenses-----------------------------------------------------($11,966)
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