Amoud Foundation for Education and Development
			Statement of Financial Position as of December 31, 2005
					Assets 12/31/05				Liabilities
ASSETS:						Liabilities:
							Current Liabilities:		0
	Current Assets:							Accounts Payable**	5000
								Accrued Expenses	0
		Cash & cash equivalents			$118,996.97
		Accounts Receivable(pledges)			12,000.00		Total Current Liabilities		5000
		Prepaid Expenses			_________________
		Total Current Assets			$130,996.97		Long Term Liabilities		0
						Total Liabilities			5000
	Property & Equipment:
		Office Equipment			1500	Net Assets			142,346.97
		Furniture & Fixtures			0
		Land			15,150.00
		Less Depreciation			300
		Total Property & Equipment			16,350.00
					__________________				____________________
Total Assets					147,346.97	Total Liabilities and Net Assets			147,346.97
** Pledges to charity not yet paid