REVIEWED FINANCIAL STATEMENTS and SUPPLEMENTARY ...

REVIEWED FINANCIAL STATEMENTS and SUPPLEMENTARY INFORMATION For the Years Ended May 31, 2014 and 2013

Prepared for: BRIDGE BUILDERS INTERNATIONAL

ANDERSON GROUP CERTIFIED PUBLIC ACCOUNTANTS, LLC

2165 NW Professional Drive, Suite 101 Corvallis, OR 97330 (541) 757-2070

BRIDGE BUILDERS INTERNATIONAL Table of Contents

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INDEPENDENT ACCOUNTANT'S REVIEW REPORT.............................1 FINANCIAL STATEMENTS

Statement of Financial Position... ...................................................... 2 Statement of Activities.... ..................................................................3 Statement of Cash Flows.................. ................................................4 Notes to the Financial Statements............. .................................... 5 - 7 SUPPLEMENTARY SCHEDULE Supplementary Schedule of Net Asset Balances............... .....................8

INDEPENDENT ACCOUNTANT'S REVIEW REPORT

To the Board of Directors Bridge Builders International Philomath, Oregon

We have reviewed the accompanying statement of financial position of Bridge Builders International (a nonprofit organization) as of May 31, 2014 and 2013 and the related statements of activities and cash flows for the years then ended. A review includes primarily applying analytical procedures to management's financial data and making inquiries of Organization's management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

Management is responsible for the preparation and fair presentation of the financial statements and supplementary information 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 and supplementary information.

Our responsibility is to conduct the review in accordance with Statements on Standards for Accounting and Review Services issued by 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 and supplementary information. We believe that the results of our procedures provide a reasonable basis for our report.

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

Our review was made for the purpose of expressing a conclusion that there are no material modifications that should be made to the financial statements and supplementary information in order for them to be in conformity with accounting principles generally accepted in the United States of America. The information included in the accompanying supplementary schedule of net asset balances for the year ended May 31, 2014 is presented only for purposes of additional analysis and has been subjected to the inquiry and analytical procedures applied in the review of the basic financial statements, and we are not aware of any material modifications that should be made thereto.

Anderson Group CPAs, LLC Corvallis, Oregon December 1, 2014

BRIDGE BUILDERS INTERNATIONAL Statement of Financial Position As of May 31,

2014

2013

ASSETS

CURRENT ASSETS Cash and cash equivalents Employee advances

$

41,446 $ 107,763

74

17

Total Current Assets

41,520

107,780

PROPERTY AND EQUIPMENT Equipment Accumulated depreciation

12,621 (4,704)

18,641 (9,513)

Net Property and Equipment

7,917

9,128

TOTAL ASSETS

$

49,437 $ 116,908

LIABILITIES AND NET ASSETS

LIABILITIES Current Liabilities

Accounts payable Accrued payroll liabilities Credit cards payable

$

2,568 $

5,488

1,174

Total Current Liabilities

9,230

7,571 7,106

14,677

TOTAL LIABILITIES

9,230

14,677

NET ASSETS Unrestricted Temporarily restricted

TOTAL NET ASSETS

4,409 35,798

40,207

13,474 88,757

102,231

TOTAL LIABILITIES AND NET ASSETS

$

49,437 $ 116,908

See accompanying notes and independent accountant's review report. 2

BRIDGE BUILDERS INTERNATIONAL Statement of Activities

For the Years Ended May 31,

2014

2013

UNRESTRICTED NET ASSETS

Unrestricted Revenue and Other Support Contributions Miscellaneous Income from investments

$ 304,553 $ 291,768

1,772

1,488

59

148

Total Unrestricted Revenue

306,384

293,404

Net assets released from restrictions

373,863

286,208

Total Unrestricted Revenue and Other Support

680,247

579,612

Expenses Ministry expenses Personnel General and administrative Fundraising

Total Expenses

Decrease in Unrestricted Net Assets

500,583 57,935 90,435 40,686

689,639

(9,392)

390,524 51,402 93,430 44,529

579,885

(273)

TEMPORARILY RESTRICTED NET ASSETS

Contributions Net assets released from restrictions

321,231 (373,863)

297,160 (286,208)

(Decrease) Increase in Temporarily Restricted Net Assets

(52,632)

10,952

(DECREASE) INCREASE IN NET ASSETS NET ASSETS BEGINNING OF YEAR NET ASSETS END OF YEAR

(62,024)

10,679

102,231

91,552

$

40,207 $ 102,231

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

BRIDGE BUILDERS INTERNATIONAL Statement of Cash Flows

For the Years Ended May 31,

2014

2013

CASH FLOWS FROM OPERATING ACTIVITIES

(Decrease) Increase in net assets

$

Adjustments to reconcile change in net assets to cash provided by operating activities:

Depreciation Loss on Disposal of assets (Increase) Decrease in Employee advances Increase (Decrease) in Accounts payable (Decrease) Increase in Accrued payroll liabilities (Decrease) Increase in Credit cards payable

NET CASH (USED) PROVIDED BY OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property and equipment

NET CASH USED BY INVESTING ACTIVITIES

(62,024) $

2,083 698 (57)

2,568 (2,083) (5,932)

(64,747)

(1,570) (1,570)

10,679

1,719 1,312

78 (137) 1,177 6,538

21,366

(9,179) (9,179)

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

(66,317)

12,187

CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR

107,763

95,576

CASH AND CASH EQUIVALENTS - END OF YEAR

$

41,446 $ 107,763

See accompanying notes and independent accountant's review report. 4

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