Monday, January 21, 2008

2 And 2 Are Not Equaling 4

In today's Tribune is an article about the Animal Foundation. Included are the following numbers pertaining to the Foundation:

Total assets: $1,308,907

Contributions: 1,145,995
Fur Ball proceeds: 161,863
Proceeds from investments: 97,352
_________
$1,405,210

Expenses: 96,349
__________
$1,308,861

Difference: $46.00

The Animal Foundation's website reports that they have raised $1,426,207. (I'm assuming this amount includes the proceeds from investments). According to the information published by the Trib., they have raised $1,405.210. That is a difference of $ 20,997.

Today, Susan Overfield posted her take on the numbers and comes up with a difference of $ 117,346.00.

So, which is it? $20,997 or $117,346? Either way, there's a problem.

3 comments:

WolfPack said...

The Animal Foundation has this financial statement on their website. Your equations are missing some line items.
Why is the AF held to a standard that the HSCC never was. Where are their numbers right or wrong? Both groups should supply the public accurate verifiable numbers.

Sandra Guynn said...

Thanks for the link Wolfpack.

2 and 2 are still not equaling 4.

Anonymous said...

Dear gfgirl,

2+2=4. Please see financial link and review the last page(at the bottom) of 1-15-08 of Summary Financial Statements. See also 10-15-07 Collar Graphic Details. www.theanimalfoundation.com

Bob James