Financial Statements

Statement of Financial Position

Assets June 2014 ($) June 2013 ($)
Cash and cash equivalents 414,371 492,668
Pledges receivable, net 3,715,032 4,852,702
Other receivables 226,345 274,809
Prepaid expenses 33,064 21,825
Investments 8,492,416 7,630,729
Beneficial interest in foundation assets 2,540,976 2,152,065
Cash surrender value of life insurance ($800,000 face value) 117,829 119,064
Land, buildings and equipment, net 845,226 918,886
Total assets 16,385,259 16,462,748
Liabilities
Accounts payable 104,737 111,235
Accrued expenses 84,983 43,604
Allocations and designations payable 7,304,812 7,783,306
Total liabilities 7,494,532 7,938,145
Net Assets
Unrestricted:
          Unappropriated 5,169,558 4,862,414
          Board appropriated 578,866 614,032
Temporarily restricted 2,136,272 2,042,126
Permanently restricted 1,006,031 1,006,031
Total net assets 8,890,727 8,524,603
Total liabilities and net assets 16,385,259 16,462,748

Statement of Activities

Support and Revenue June 2014 ($) June 2013 ($)
Gross campaign results 9,376,990 9,695,938
Less donor designations (2,271,920) (2,998,300)
Less provision for uncollectible (244,725) (278,506)
Net current campaign revenue 6,860,345 6,419,132
Campaign revenue – prior campaign 228 1,285
Campaign revenue – future campaign, net 432,503 1,421,284
Net campaign revenue 7,293,076 7,841,701
Net income from investments 807,392 513,332
Net income (loss) from beneficial interest in foundation assets 394,649 256,009
Designations – other community campaigns 218,177 244,861
Grant and gift revenue 108,048 26,215
Other revenue 115,770 99,230
Total support and revenue 8,937,112 8,981,348
Functional Expenses
Allocations and grants 5,627,801 5,707,616
Other community programs 1,152,532 921,673
Administration 1,124,149 1,093,353
Fund development 666,506 790,257
Total functional expenses 8,570,988 8,512,899
Change in Net Assets
Increase in net assets 366,124 468,449

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