2016 Financial Highlights

NVC Foundation’s donations are heart-led, many of them small in terms of the material world, coming in denominations of three to five digits. Collectively, these donations have supported NVC’s endeavors as it continues to build “heart prints” wherever it goes. Here in a nutshell is a picture of how NVC’s love delivers.

Statement of Operations

For the year ended December 31, 2016

  2016
Income Php 13,594,528
Expenses  
   Project Expenses 10,025,176
   Administrative Expenses 2,371,070
Total Expenses 12,396,246
Excess of income over expenses Php 1,198,282

 

Statements of Financial Position

As of December 31, 2016

  2016
ASSETS  
Current Assets  
   Cash and cash equivalents Php 4,736,570
   Project receivables 4,142,388
   lnventories 2,935,579
Total current assets 11,814,537
Noncurrent Assets  
   Property and equipment, net 4,442,906
   Intangible asset, net 33,683
   Other noncurrent assets 244,199
Total noncurrent assets 4,720,788
TOTAL ASSETS Php 16,535,325
   
LIABILITY AND FUND BALANCE  
Current liability  
   Accruals and government laibilities Php 136,205
   
Fund balance 16,399,120
   
TOTAL LIABILITY AND FUND BALANCE Php 16,535,325

From the report of independent auditors Roxas Cruz Tagle and Co. (formerly Alba, Romeo and Co.)

 

NVC Foundation Annual Report

Jan 2016–Jul 2017