Printable Version
Financial Statement
STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
2005 |
2004
(as restated) |
|
| REVENUES, GAINS AND OTHER SUPPORT: | |
|
| Investment (loss) income, net of expenses | 8,904,868 |
6,323,922
|
| Unrealized gain on investments | (4,085,352) |
3,655,420
|
| Loss on disposal of asset | (8,125) |
|
| Other revenue | 39,900 |
--
|
| Cancelled grants payable | 116,175 |
42,998
|
|
4,967,466 |
10,016,639
|
| EXPENSES | 2005 |
2004
(as restated) |
| Grants and program services: |
|
|
| Proactive, responsive and capacity building grants (and related expenses) | 2,241,631 |
2,823,183
|
| Community Building | 1,053,600 |
442,111
|
|
3,295,231 |
3,265,294
|
| Supporting services | 402,598 |
462,913
|
|
3,697,829 |
3,728,207
|
| CHANGE IN NET ASSETS - UNRESTRICTED | 1,269,637
|
6,288,432
|
| NET ASSETS - UNRESTRICTED AT BEGINNING OF YEAR | 80,137,486 |
73,849,054 |
| NET ASSETS -
UNRESTRICTED, AT END OF YEAR |
$81,407,123 |
$80,137,486 |
ASSETS
2005 |
2004
|
|
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents | $1,029,674 |
$2,277,139
|
| Accounts receivable | -- |
4,815
|
| Prepaid expenses | 3,800 |
6,200
|
| Deposits | 5,100 |
5,100
|
|
1,038,574 |
2,293,254
|
| INVESTMENTS | 81,746,344 |
79,097,713 |
| PROPERTY AND EQUIPMENT (net) |
50,930 |
50,635 |
|
$82,835,848 |
$81,441,602 |
LIABILITIES AND NET ASSETS
| CURRENT LIABILITIES: |
|
|
| Accounts payable and accrued expenses | $ 75,764
|
|
| Grants payable | 1,228,352
|
|
|
1,304,116
|
|
|
|
||
| GRANTS PAYABLE, net of current portion | --
|
|
|
1,304,116
|
|
|
|
||
| NET ASSETS - UNRESTRICTED: |
|
|
| Undesignated | 80,057,640
|
|
| Board designated | 79,846
|
|
|
80,137,486 | |