Statement of Financial Position
June 30, 2009
ASSETS
| Cash and cash equivalents |
$2,031,771 |
| Investments at fair value |
7,049,546 |
| Unconditional promises to give - net |
17,750 |
| Pre-paid expenses and other assets |
5,770 |
| Fixed assets - net |
3,290 |
| Reinssured split interest agreements |
983,880 |
| Total Assets |
$10,092,007 |
LIABILITIES AND NET ASSETS
LIABILITIES:
| Accounts payable |
$2,215 |
| Grants payable |
73,362 |
| Accrued expenses |
49,923 |
| Accrued payroll and related |
32,005 |
| Split interest agreements |
983,880 |
| Agency endowment funds |
752,146 |
| Total Liabilities |
1,893,531 |
NET ASSETS:
| Unrestricted |
7,517,454 |
| Temporarily Restricted |
46,800 |
| Permanently Restricted |
634,222 |
| Total Net Assets |
8,198,476 |
| |
|
| Total liabilities and net assets |
$10,092,007 |
Statement of Activities
For the Year Ended June 30, 2009
|
SUPPORT AND REVENUE:
|
Unrestricted |
Temporarily Restricted |
Permanently Restricted |
Total 2009 |
| Contributions, grants and gifts |
$1,930,148 |
$- |
$- |
$1,930,148 |
|
Special event revenue net of cost of direct benefit to donors of $43,555
|
(21,783) |
- |
- |
(21,783) |
| Program fees |
27,491 |
- |
- |
27,491 |
| Investment income (loss) - net |
(1,340,080) |
(82,647) |
- |
(1,422,727) |
| Donated services and goods |
90,000 |
- |
- |
90,000 |
| Net assets released from restrictions |
13,695 |
(13,695) |
- |
|
| Total support and revenue |
699,471 |
(96,342) |
- |
603,129 |
| |
|
|
|
|
| EXPENSES: |
|
|
|
|
| Program Services |
1,345,543 |
- |
- |
1,345,543 |
| Management and general |
233,914 |
- |
- |
233,914 |
| Fundraising |
289,969 |
- |
- |
289,969 |
| Total expenses |
1,869,426 |
|
|
1,869,426 |
| |
|
|
|
|
| CHANGE IN NET ASSETS: |
(1,169,955) |
(96,342) |
|
(1,266,297) |
| |
|
|
|
|
| NET ASSETS AT BEGINNING OF YEAR |
8,634,616 |
143,142 |
687,015 |
9,464,773 |
| Reclassification of net assets |
52,793 |
|
(52,793) |
|
| |
|
|
|
|
| NET ASSETS AT END OF YEAR |
$7,517,454 |
$46,800 |
$634,222 |
$8,198,476 |
|