About Us | Financial Review
2009 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 |
||
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|
$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 |
||
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|
$1,358,701 |
$1,358,701 |
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|
| 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 |
|
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|
$4,207,760 |
$2,351,843 |
$5,117,975 |
$11,677,578 |
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LaGrange County Community Foundation
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