| Report to the Community 2006-2007 |
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| |
| ASSETS |
2006 |
2007 |
Current Assets: |
| |
Cash and Cash Equivalents |
| |
Investments |
| |
Current Portion of Pledges Receivable |
|
| $190,336 |
| 3,163,348 |
| 46,500 |
|
| $157,692 |
| 4,289,573 |
| 67,250 |
|
|
3,400,184 |
4,514,515 |
| |
| Fixed Assets, net |
1,010 |
401 |
| Intangible Assets, net |
2,521 |
2,278 |
| |
|
|
Other Assets: |
| |
Student Loans Receivable |
| |
Pledges Receivable |
|
|
|
|
176,481 |
83,600 |
| |
$3,580,196 |
$4,600,794 |
|
LIABILITIES AND NET ASSETS |
2006 |
2007 |
Current Liabilities: |
| |
Agency Endowments |
| |
Accounts Payable and Accrued Expenses |
|
|
|
| |
|
Total Current Liabilities |
|
794,321 |
1,271,728 |
| |
|
|
Net Assets: |
| |
Unrestricted |
| |
Temporarily Restricted |
| |
Permanently Restricted |
|
| 299,784 |
| 193,734 |
| 2,292,357 |
|
| 245,324 |
| 253,418 |
| 2,830,324 |
|
|
2,785,875 |
3,329,066 |
| |
|
|
| |
|
Total Liabilities and Net Assets |
|
$3,580,196 |
$4,600,794 |
|
|
The financial information provided as of June 30, 2007 and for the year then ended is based upon financial statements audited by Pangia & Company, LLC, Certified Public Accountants. Their complete audited financial statements and a copy of the Foundation’s 990 is available for viewing at the Community Foundation office. |
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