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Click Here to See a Copy of Our 2007 Annual Report
Statement of Activities *
| |
Unrestricted |
Temporarily Restricted |
Permanently Restricted |
2007 Total |
2006 Total |
| REVENUES, GAINS AND OTHER SUPPORT |
|
|
|
|
|
| Contributions |
$12,222,623 |
- |
- |
$12,222,623 |
$5,443,959 |
| Investment Income, net of fees |
$3,062,585 |
- |
- |
$3,062,585 |
$2,330,677 |
| Change in Value of Charitable Remainder Trust |
- |
- |
- |
- |
$37,168 |
| Other Income |
- |
- |
- |
- |
$17,726 |
| Net Assets Released from Restrictions: |
- |
- |
- |
- |
- |
| Satisfaction of Program Restrictions |
- |
- |
- |
- |
- |
| TOTAL REVENUES, GAINS AND OTHER SUPPORT |
$15,285,208 |
- |
- |
$15,285,208 |
$7,829,530 |
| |
|
|
|
|
|
| EXPENSES |
|
|
|
|
|
| Grants |
$7,044,850 |
- |
- |
$7,044,850 |
$4,831,994 |
| Other Program Expenses |
$118,250 |
- |
- |
$118,250 |
$110,994 |
| Management and General |
$269,333 |
- |
- |
$269,333 |
$248,360 |
| Development |
$224,111 |
- |
- |
$224,111 |
$192,622 |
| TOTAL EXPENSES |
$7,656,544 |
- |
- |
$7,656,544 |
$5,383,970 |
| |
|
|
|
|
|
| NET ASSETS, January 1, 2007 |
$31,889,821 |
|
|
|
|
| NET ASSETS, December 31, 2007 |
$39,518,485 |
|
|
|
|
| CHANGE IN NET ASSETS |
$7,628,664 |
|
|
|
|
*unaudited
Statement of Financial Position *
| ASSETS |
2007 |
2006 |
| Cash & Cash Equivalents |
$953,997 |
$905,127 |
| Accounts Receivable |
- |
$1,650 |
| Contributions Receivable |
$20,000 |
$44,050 |
| Prepaid and Other Assets |
$26,180 |
$7,240 |
| Investments, at Fair Value, |
|
|
| including Organization Funds |
$32,263,081 |
$25,647,903 |
| Assets Held as Organization Funds |
$6,147,394 |
$3,734,068 |
| Contributions Received from |
|
|
| Charitable Remainder Trust |
- |
$1,449,199 |
| Office Furniture & Equipment, net |
$107,833 |
$100,584 |
| TOTAL ASSETS |
$39,518,485 |
$31,889,821 |
Statement of Financial Position
| LIABILITIES |
2007 |
2006 |
| Accounts Payable |
$3,484 |
$55,411 |
| Other Liabilities |
$42,859 |
- |
| Assets Held as Organization Funds |
$6,147,394 |
$3,734,068 |
| TOTAL LIABILITIES |
$6,193,737 |
$3,789,479 |
| |
|
|
| NET ASSETS |
|
|
| Unrestricted Net Assets |
- |
- |
| Donor Advised |
$16,387,736 |
$13,363,539 |
| Field-of-Interest |
$557,964 |
$432,064 |
| Designated |
$2,009,696 |
$980,019 |
| Discretionary |
$12,900,153 |
$11,646,789 |
| Subtotal Unrestricted Net Assets |
$31,855,549 |
$26,422,411 |
| |
|
|
| Restricted Net Assets |
- |
- |
| Temporarily Restricted |
$1,449,199 |
$1,627,931 |
| Permanently Restricted |
$20,000 |
$50,000 |
| Subtotal Restricted Net Assets |
$1,469,199 |
$1,677,931 |
| |
|
|
| TOTAL NET ASSETS |
$33,324,748 |
$28,100,342 |
| |
|
|
| TOTAL LIABILITIES & NET ASSETS |
$39,518,485 |
$31,889,821 |
