Financials

Income Statement

STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS (Income Statement) – Download PDF Version ↓
For the Twelve Months Ending December 31, 2016

	Unrestricted	Temporarily Restricted	Permanently Restricted	TOTAL
Contributions:
Unrestricted	550	0	0	550
Temporarily Restricted	0	40,000	0	40,000
	550	40,000	0	$ 40,550

	Unrestricted	Temporarily Restricted	Permanently Restricted	TOTAL
Investment Income:
Interest and Dividend Income	2,025,699	0	0	2,025,699
Inc from Partnerships/CTF	26,449	0	0	26,449
Net Realized Gain (Loss) on Investments	3,136,545	0	0	3,136,545
Net Unrealized Gain (Loss) on Investments	9,949,255	0	0	9,949,255
	15,137,948	0	0	15,137,948
Less: Investment Expense	1,183,512	0	0	1,183,512
Net Investment Income	13,954,436	0	0	13,954,436

	Unrestricted	Temporarily Restricted	Permanently Restricted	TOTAL
Exempt Purpose Revenue:
Program Revenue	1,500	0	0	1,500
Unrealized Grants	603,410	0	0	603,410
Rental Revenue	29,597	0	0	29,597
Other Income:
Misc. Income	17,772	0	0	17,772
Total Exempt Purpose Revenue	652,279	0	0	652,279

	Unrestricted	Temporarily Restricted	Permanently Restricted	TOTAL
Exempt Purpose Expenses:
Program Related
Administrative Expenses	1,595,653	0	0	1,595,653
Priority Related Expenses	147,835	0	0	147,835
Board Commitments	5,964,823	0	0	5,964,823
Long Term Grant Discount	38,601	0	0	38,601
Total Program Related Expenses	7,746,912	0	0	7,746,912
Administrative Expenses	335,363	0	0	335,363
Current Federal Excise Taxes	134,696	0	0	134,696
Current Federal Excise Taxes	130,759	0	0	130,759
Total Administrative Expenses	600,818	0	0	600,818
Total Exempt Purpose Expenses	8,347,730	0	0	8,347,730
Net Assets Released from Restrictions:	48,250	(48,250)	0	0
Changes in Net Assets	6,307,785	(8,250)	0	6,299,535
Net Assets at Beginning of Year	203,598,324	18,250	9,000	203,625,574
Net Assets at December 31, 2016	209,906,109	10,000	9,000	209,925,109

Audited financial statements will be available on August 31, 2017