GREENPATH INTERNATIONAL, INCORPORATED

[Pages:24]GREENPATH INTERNATIONAL, INCORPORATED

FINANCIAL STATEMENTS FOR THE YEAR ENED JUNE 30,2016

Collins CPA Accounting & Consulting Services LLC

TABLE OF CONTENTS

PAGE

INDEPENDENT ACCOUNTANT'S REVIEW REPORT

1

FINANCIAL STATEMENTS

Statement of Financial Position

3

Statement of Activities

4

Statement of Functional Expenses

5

Statement of Cash Flows

6

Notes to Financial Statements

7

SUPPLEMENTARY INFORMATION Independent Accountant's Report on Applying Agreed-Upon Procedures Louisiana Attestation Questionnaire Schedule of Compensation, Benefits and Other Payments to Agency Head or Chief Executive Officer

Exhibit A Exhibit B

Exhibit C

COLLINS CPA

ACCOUNTING & CONSULTING SERVICES

L.L.C.

INDEPENDENT ACCOUNTANT'S REVIEW REPORT

The Board of Directors Greenpath International, Incorporated New Orleans, LA 70119

We have reviewed the accompanying statement of fmancial position of Greenpath International, Incorporated (a nonprofit organization) as of June 3D, 2016, and the related statements of activities, cash flows, and functional expenses for the year then ended. A review includes primarily applying analytical procedures to management's financial data and making inquiries of management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the fmancial statements as a whole. Accordingly, we do not express such an opinion.

Management is responsible for the preparation and fair presentation of the fmancial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements that are free from material misstatement whether due to fraud or error.

Our responsibility is to conduct the review in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants. Those standards require us to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements. We believe that the results of our procedures provide a reasonable basis for our conclusion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America.

P.O. Box 1855 Harvey, LA 70059 United States

PHONE FAX E-MAIL

(504) 343-4982 (504) 433-9354 coillnscpa@

Our review was made primarily for the purpose of expressing a conclusion that there are no material modifications that should be made to the financial statements in order for diem to be in conformity with accounting principles generally accepted in the United States of America. The supplementary information included in the accompanying Schedule of Compensation Benefits and Other Payments to Executive Director is presented for purposes of additional analysis and is not a required part of the basic financial statements, and we did not become aware of any material modifications tiiat should be made to such

CoCCms

JAccountin^ & ConsuCtmg Services^ LLC

New Orleans, Louisiana December 27,2016

Greenpath International, Incorporated Statement of Financial Position as of June 30,2016

Assets

Current Assets: Cash Preparid Rent Deposit

Total CurrentAssets

Fixed Assets: Computer Equipment Computer Software Furniture and Equipment Less: Accumulated Depreciation

Total FixedAssets

Noncurrent Assets: Loan Receivables

Total FixedAssets

Total Assets

$ 193,681 351

194,032

8,750 917

29,448 (24,641)

14,474

39,911

39,911

$ 248,417

Liabilities &. Net Assets

Liabilities:

Total Liabilities

Net Assets Beginning Balance Change in Net Assets

Total Net Assets

Total Liabilities & Net Assets

$

0

0

308,089 (59,673) $ 248,416

$ 248,416

See accompanying notes and independent accountant's review report. 3

Greenpath International, Incorporated Statement of Activities

For the Year Ended June 30,2016

Grant Revenue Federal Court Treatment Service Revenue Service Revenue

Total Revenue and Support Expenses: Advertising Background Check Bank Charges Cable Services Contractual Services Computer Expenses Depreciation Drug Screenii^ Dues and Subscriptions Electronic Health Records Employee Development Facilities & Equipment Maintenance Insurance Legal Fees Licenses Medical Records Office Expenses Outreach Events Payroll Expense Postage, Mailing Services Printing & Copying Program Supplies Rent Repairs & Maintenance Security Telephone, Telecommunications Transportation Travel & Meetings Utilities

Total Expenses Change in Net Assets Net Assets

Beginning of Year End of Period

$

78,130

71,373

792,853

942,356

1,030 828 644

5,249 28,942 1,370

4,092 3,885 2,502 7,370 1,280

866 6,392 9,570 12,342

240 7,286

553 847,208

363 2,040 1,684 34,400 2,600

888 2,930 4,282 6,093 5,101 1,002,029 (59,673)

308,089

$

248,416

See accompanying notes and independent accountant's review report.

Greenpath International, Incorporated Schedule of Functional Expenses For the Year Ended June 30,2016

Program Services

Support Services

Fundraising

Advertising

$ 1,030 $ -

$

Background Check

828

Bank Charges

644

Cable Services

5,249

Contractual Services

22,080

6,862

Computer Expenses

1,370

Depreciation

4,092

Drug Screening

3,885

Dues and Subscriptions

2,502

Electronic Health Records

7,370

Employee Development

1,280

Facilities & Equipment Maintenan<

866

Insurance

6,392

Legal Fees

9,570

Licenses

12,342

Medical Records

240

Office Expenses

7,286

Outreach Events

553

Payroll Expense

847,208

Postage, Mailing Services

363

Printing & Copying

2,040

Program Supplies

1,684

Rent

34,400

Repairs & Maintenance

2,600

Security

888

Telephone, Telecommunications

2,930

Transportation

4,282

Travel & Meetings

6,093

Utilities

5,101

Total

$ 1,030 828 644

5,249 28,942 1,370 4,092 3,885 2,502 7,370 1,280

866 6,392 9,570 12,342

240 7,286

553 847,208

363 2,040 1,684 34,400 2,600

888 2,930 4,282 6,093 5,101

Total Expense

$ 913,941 $ 88,088 $

$ 1,002,029

See accompanying notes and independent accountant's review report. 5

Greenpath International, Incorporated Statement of Cash Flows Year Ended June 30,2016

CASHFLOWS FROM OPERATING ACTIVITIES Change in net assets Adjustments to reconcile change in net assets to net cash used in operating activities: Depreciation Expense Decrease in accounts receivables Decrease in loan receivables Decrease in payroll liabilities Net cash provided by operating activities

Net decrease in cash and cash equivalents

Cash -July 1,2015

Cash - June 30, 2016

(59,673)

4,092 16,137 13,506 (4,077) 29,658

(30,015) 223,696 193,681

See accompanying notes and independent accountant's review report. 6

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