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Financial Report More Arrow

Statement of Activities and Changes in Net Assets

  Unrestricted Temporarily Restricted Permanently Restricted Total
REVENUES AND OTHER SUPPORT        
Contributions $142,792 $2,481   $145,273
Investment income, net 2,045,236 1,037,722 - 3,082,958
Beneficial Trust Income 67,904 67,904
Net realized and unrealized (losses) (3,652,040) (2,720,575) - (6,372,615)
Unrealized gain on interest in perpetual trust - - 47,347 47,347
(1,464,012) (1,612,468) 47,347 (3,029,133)
Net assets released from restrictions 2,407,430 (2,407,430) - -
TOTAL REVENUES AND OTHER SUPPORT 943,418 (4,019,898) 47,347 (3,029,133)
EXPENSES        
Grants and distributions 6,667,303 - - 6,667,303
Administrative and general expenses        
Salaries 582,359 - - 582,359
Purchased services 164,553 - - 164,553
Employee benefits 192,721 - - 192,721
Supplies and office expenses 50,730 - - 50,730
Payroll taxes 36,392 - - 36,392
Other expenses 18,880 - - 18,880
Depreciation 1,784 - - 1,784
Total administrative and general expenses 1,047,419 - - 1,047,419
TOTAL EXPENSES 7,714,722 - - 7,714,722
CHANGE IN NET ASSETS (6,771,304) (4,019,898) 47,347 (10,743,855)
NET ASSETS, beginning of year 73,639,087 48,956,566 5,937,776 128,533,429
RECLASSIFICATION OF NET ASSETS 39,786 (39,786)
NET ASSETS, end of year $66,907,569 $44,896,882 $5,985,123 $117,789,574