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2010 Financial Information

Dear Board of Trustees,

I conducted my audit in accordance with auditing standards generally accepted in the United States of America and standards applicable to financial audits contained in government Auditing Standards, issued by the Comptroller General of the United States of America.

In my opinion, the financial statements present fairly in all materials, the financial position
of Northwest New Jersey Community Action Partnership, Inc. (NORWESCAP) as of August 31, 2010.

Lawrence Belcher, Jr.
Certified Public Accountant
SOURCE OF REVENUE
STATE OF NEW JERSEY $7,147,801 17.46%
CHILD CHARE VOUCHERS $5,751,684 14.05%
LIHEAP VOUCHERS $14,453,385 35.30%
WIC VOUCHERS $3,566,419 8.70%
UNITED WAY AND PRIVATE $2,415,543 5.90%
LOCAL GOVERNMENT $1,007,410 2.46%
TOTAL $41,427,909  
     
SOURCE OF EXPENSES    
SERVICES $15,179,112 36.64%
CHILD CARE VOUCHERS $5,751,689 13.88%
LIHEAP VOUCHERS $14,453,853 34.89%
WIC VOUCHERS $3,566,419 8.61%
ADMINISTRATION $2,476,836 5.98%
TOTAL $41,427,909  



As a non-profit organization, we are responsible for all of the funds entrusted to us. As a result, we freely share our fiscal information available. Information can be obtained by visiting, www.guidestar.org.

GuideStar is a trusted source and allows NORWESCAP to provide current information on the agency 990 form at no cost to the organization.

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