This is the final post in a series that has looked at the 2011 financial statements for Blessings International as an opportunity to see where the donated GIK issues show up in an R&D NPO’s financials.
Again, the goal is not to focus attention on this particular organization, but to look at the impact of donated GIK on the financial statements.
You can download a copy of the full 990 and audited financial statements for the last 3 years from the organizations website, located here. Give them credit for making three years of reports easily available. Most NPOs only put 1 year on their website.
What would the financials look like without the GIK?
Let’s do some number crunching.
In a cover letter to the financial statements on the organization’s website, the president says: