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NOTES TO FINANCIAL STATEMENTS <br />NOTE 9- TEMPORARILY RESTRICTED NET ASSETS <br />Temporarily restricted net assets are available for the following purposes: <br />Youth run business and summer camps <br />NOTE 10 - RETIREMENT PLAN <br />� 75,000 <br />Northwest Youth and Family Services established a tax-sheltered annuity plan under Section 403(b} of the <br />Internal Revenue Code. Employees are eligible to participate after one year of service with the Organization. The <br />employer will contribute an additional 5.5% of the participant's salary if the participant contributes at least 4% of <br />their salary. Total contributions made by the Organization were approximately $33,211 for the year ended <br />December 31,2004. <br />NOTE 11 - CONTINGENCIES <br />Substantially all support and revenue is received from individual, charitable organizations, foundations and <br />governmental entities; therefore, the continuation of certain programs of the Organization is dependent upon <br />future funding. <br />Grants require the fulfillment of certain conditions as set forth in the instrument of the grant. Failure to fulfill the <br />conditions could result in the return of the funds to grantors. Although that is a possibility, the Board deems the <br />contingency remote, since by accepting the grants and their terms; it has accommodated the objectives of the <br />Organization to the provisions of the grant. <br />NOTE 12 - IN-KIND CONTRIBUTIONS <br />The value of in-kind contributions at estimated fair value at the date of donation for the year ended December 31, <br />2004, is as follows: <br />Supplies and equipment <br />Consulting <br />Advertising <br />Gala speaker <br />� �kF6�? <br />5,�]QO <br />�,�0� <br />5� <br />� I�k,l?'_ <br />� <br />