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About Us | Financial Review

2009 Audit Report 2008 Audit Report

2008 Audit Report 2008 Audit Report

 

Combined Statements of Financial Position

ASSETS 2007 2006
 
Current Assets    
  Cash $59,124 $61,405
  Investments $11,636,216 $11,780,778
  Interest and dividends receivable $28,458 $28,993
  Pledges receivable $36,342 $38,686
  Prepaid expenses $7,032 $4,862
  –––––––––––– ––––––––––––
Total Current Assets $11,767,172 $11,914,724
 
Property and Equipment    
  Office furniture and equipment $82,648 $80,008
  Leasehold improvements $25,378 $25,378
  –––––––––––– ––––––––––––
  $108,026 $105,386
     Less accumulated depreciation $95,384 $89,944
  –––––––––––– ––––––––––––
  $12,642 $15,442
  –––––––––––– ––––––––––––
  $11,779,814 $11,930,166
 
LIABILITIES AND NET ASSETS    
Current Liabilities    
  Accrued Payroll $3,303  
  Grants Payable $2,138  
 Accounts Payable $40,806 $2,470
  –––––––––––– ––––––––––––
Total current liabilities $46,247 $2,470
 
Agency Funds $55,990 $55,614
  –––––––––––– ––––––––––––
  $102,236 $58,084
 
Net Assets    
  Unrestricted $4,207,760 $4,198,494
  Temporarily restricted $2,351,843 $2,700,930
  Permanently restricted $5,117,975 $4,972,658
  –––––––––––– ––––––––––––
  $11,677,578 $11,872,082
  –––––––––––– ––––––––––––
  $11,779,814 $11,930,166

Combined Statements of Activities – 2007

 
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Total
Revenue and support        
  Contributions and
  pledges
$67,899
$64,716
$95,273
$227,888
  Administrative fees
$95,846
$95,846
  Investment income
$95,750
$197,808
$293,558
  Realized gains on
  investments
$366,021
$532,677
$898,698
  Unrealized gains
  (losses) on
  investments
($155,999)
($221,516
($377,515)
  Fundraising
$25,722
$25,722
 
––––––––––
––––––––––
––––––––––
–––––––––
 
$495,239
$573,685
$95,273
$1,164,197
 
Net assets released from restrictions
  Restrictions satisfied
  by payments
839,780
($839,780)
 
Expenses
  Program Services
      Grants
$775,105
$775,105
      Program related
      expenses
$25,609
$25,609
 
  Supporting Services
      Operating Expenses
$309,706
$309,706
      Administrative fees
$99,164
$99,164
      Bank trustee fees
$108,845
$108,845
      Fundraising
      expenses
$40,272
$40,272
 
–––––––––
––––––––––
––––––––––
–––––––––
 
$1,358,701
$1,358,701
 
–––––––––
––––––––––
––––––––––
–––––––––
 
Increase in Net Assets
($23,682)
($266,095)
$95,273
($194,504)
Net Assets at the beginning of the year
$4,198,494
$2,700,930
$4,972,658
$11,872,082
Transfer of net assets
$32,948
($82,992)
$50,044
 
––––––––––
––––––––––
––––––––––
–––––––––
 
$4,207,760
$2,351,843
$5,117,975
$11,677,578

 

 
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