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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
 
––––––––––
––––––––––
––––––––––
–––––––––
 
$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
 
–––––––––
––––––––––
––––––––––
–––––––––
 
$730,508
$730,508
 
–––––––––
––––––––––
––––––––––
–––––––––
 
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
 
––––––––––
––––––––––
––––––––––
–––––––––
 
$3,987,751
$2,669,418
$4,834,174
$11,491,343

 

 
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