Marion Medical Mission Home
THOMAS W. VAN HORN, JR. |
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January 23, 2001
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, 2000 and have found no problems. It appears that the financial statements correctly state the cash balances and results of operations for the 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 interest and dividend income and 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.
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, 2000
ASSETS
| Cash in Bank, general Account | $88,914 |
| Cash in Bank, administration Account | 1,266 |
| Escrow, designated education fund | 960 |
| Escrow, designated shallow well | 622 |
| Investments | 2,672 |
TOTALS |
$ 94,434 |
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LIABILITIES AND FUND BALANCE
| Accounts payable | $ 18,939 |
| Fund Balance | 75,495 |
TOTALS |
$ 94,434 |
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MARION MEDICAL MISSION
STATEMENT OF REVENUES AND EXPENSES
YEAR ENDED JUNE 30, 2000
| Revenues: | |||||
| Contributions: | |||||
| General | $84,138 | ||||
| Hospital | 807 | ||||
| Shallow wells | 106,887 | ||||
| Schools | 7,355 | ||||
| Scholarships | 2,015 | ||||
| Churches | 425 | ||||
| Designated | 1,560 | ||||
| Freight | 1,820 | ||||
| Total Revenues | $ 205,007 |
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| Expenses: | |||||
| Mission expenses: | |||||
| Hospital supplies and medicines | $6,775 | ||||
| Miscellaneous supplies | 2,351 | ||||
| Shallow well supplies | 106,900 | ||||
| Protected water project | 14,291 | ||||
| Chizimya Full Primary School | 12,600 | ||||
| Embangweni School for Deaf Children | 20,600 | ||||
| Louden Full Primary School | 16,700 | ||||
| Kamsolo School | 8,000 | ||||
| Miscellaneous school needs | 390 | ||||
| Scholarships | 300 | ||||
| Churches | 800 | ||||
| Designated | 2,707 | ||||
| Air freight | 6,411 | ||||
| Insurance | 1,000 | ||||
| Total Mission Expenses | $199,825 |
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| Administration: | |||||
| Office supplies | 629 | ||||
| Postage | 860 | ||||
| Clerical | 3,574 | ||||
| Miscellaneous | 77 | ||||
| Designated contributions | (2,597) | ||||
| Interest income | (4,003) | ||||
| Dividend income | (264) | ||||
| Investment depreciation | 91 | ||||
| Net administration | (1,633) |
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| Mission travel: | |||||
| Travel expense | 15,661 | ||||
| Designated contributions | (15,736) | ||||
| Net mission travel | (75) | ||||
| Net expenses | 198,117 | ||||
| Net revenues over (under) expenses | $ 6,890 | ||||
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