About Us | Financial Review
Combined Statements of Financial Position
| ASSETS | 2005 | 2004 |
| Current Assets | ||
| Cash | $87,970 | $54,094 |
| Investments | $11,361,518 | $9,263,743 |
| Interest and dividends receivable | $12,719 | $10,733 |
| Pledges receivable | $65,171 | $26,076 |
| Prepaid expenses | $3,117 | $888 |
| –––––––––––– | –––––––––––– | |
| Total Current Assets | $11,530,495 | $9,355,534 |
| Property and Equipment | ||
| Office furniture and equipment | $73,754 | $73,754 |
| Leasehold improvements | $25,378 | $25,378 |
| –––––––––––– | –––––––––––– | |
| $99,132 | $99,132 | |
| Less accumulated depreciation | $84,049 | $73,642 |
| –––––––––––– | –––––––––––– | |
| $15,083 | $25,490 | |
| –––––––––––– | –––––––––––– | |
| $11,545,578 | $9,381,024 | |
| LIABILITIES AND NET ASSETS | ||
| Current Liabilities | ||
| Accrued Payroll | $1,992 | |
| Grants Payable | $15,000 | |
| –––––––––––– | –––––––––––– | |
| Total current liabilities | $1,992 | $15,000 |
| Agency Funds | $52,243 | $48,255 |
| –––––––––––– | –––––––––––– | |
| $54,235 | $63,255 | |
| Net Assets | ||
| Unrestricted | $3,987,751 | $3,883,702 |
| Temporarily restricted | $2,669,418 | $730,167 |
| Permanently restricted | $4,834,174 | $4,703,900 |
| –––––––––––– | –––––––––––– | |
| $11,491,343 | $9,317,769 | |
| –––––––––––– | –––––––––––– | |
| $11,545,578 | $9,381,024 | |
Combined Statements of Activities – 2005
Unrestricted |
Temporarily Restricted |
Permanently Restricted |
Total |
|
| Revenue and support | ||||
| Contributions and pledges |
$41,144 |
$1,943,178 |
$127,274 |
$2,111,596 |
| Administrative fees | $54,987 |
$54,987 |
||
| Investment income | $70,004 |
$103,656 |
$173,660 |
|
| Realized gains on investments |
$299, 242 |
$368,508 |
$667,750 |
|
| Unrealized gains (losses) on investments |
($64,685) |
($39,826) |
($104,511) |
|
| Fundraising | $600 |
$600 |
||
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|
$400,692 |
$2,376,116 |
$127,274 |
$2,904,082 |
|
| Net assets released from restrictions | ||||
| Restrictions satisfied by payments |
$412,453 |
($412,453) |
||
| Expenses | ||||
| Program Services | ||||
| Grants | $247,360 |
$247,360 |
||
| Program related expenses |
$108,841 |
$108,841 |
||
| Supporting Services | ||||
| Operating Expenses | $226,956 |
$226,956 |
||
| Administrative fees | $54,568 |
$54,568 |
||
| Bank trustee fees | $90,018 |
$90,018 |
||
| Fundraising expenses |
$2,765 |
$2,765 |
||
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–––––––––– |
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|
$730,508 |
$730,508 |
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|
| Increase in Net Assets | $82,637 |
$1,963,663 |
$127,274 |
$2,173,574 |
| Net Assets at the beginning of the year | $3,883,702 |
$730,167 |
$4,703,900 |
$9,317,769 |
| Transfer of net assets | $21,412 |
($21,412) |
$3,000
|
|
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|
$3,987,751 |
$2,669,418 |
$4,834,174 |
$11,491,343 |
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LaGrange County Community Foundation
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