Financials

2009 Financials | 2008 Financials | 2007 Financials

 

2009 Statement of Financial Position

For The Years Ended December 31,
2009 2008
ASSETS
Cash  $       962,925 $    529,280
Interest receivable and other current assets 34,875 30,303
Investment liquidation withdrawal receivable 2,378,459 --
Investments - at fair value 82,130,251 70,098,758
Furniture and equipment (net of accumulated depreciation
of $115,708 in 2009 and $105,481 in 2008)
72,297  58,957
Total Assets     $85,578,807  $70,717,298
 
LIABILITIES AND UNRESTRICTED NET ASSETS
Liabilities
     Grants payable  $   2,504,960  $    3,644,150
     Accounts payable and accrued liabilities 18,111  41,907
Total Liabilities     $   2,523,071  $   3,686,057
 
Unrestricted Net Assets
     Designated for grants $1,564,912  $1,217,648
     Designated for challenge endowment escrow 3,662,274  4,201,995
     Designated for endowment 77,828,550  61,611,598
Total Unrestricted Net Assets  $83,055,736  $  67,031,241
 
Total Liabilities And Unrestricted Net Assets  $82,578,807  $70,717,298

 


 

2009 Statement of Activities

For The Years Ended December 31,
2009 2008
CHANGES IN UNRESTRICTED NET ASSETS
Revenue and Support
     Earnings on investments, net  $   1,809,545  $ 1,975,905
     Other 208,138  33,872
Total Revenue And Support   $  2,017,683   $ 2,009,777
 
Expenses
     Grants 3,034,792  3,892,079
     Program Services 136,675  206,681
     Administration 384,880  477,757
Total Expenses $  3,556,347 $ 4,576,517
     
Excess of Expenses Over Revenue and Support Before
Net Appreciation In Fair Value of Investments
 (1,538,664)  (2,566,740)
Net Appreciation In Fair Value of Investments 17,563,159 (35,435,325)
Increase In Unrestricted Net Assets 16,024,495 (38,002,065)
Unrestricted Net Assets - Beginning Of Year $ 67,031,241  $ 105,033,306
Unrestricted Net Assets - End Of Year  $83,055,736  $67,031,241

 

A full copy of the Foundation's audit can be viewed at the Foundation office.

 

2009 Financials | 2008 Financials | 2007 Financials