| Current
Assets |
| Cash |
2,457,980 |
| Investments |
20,867,747 |
| Amounts receivable |
488,391 |
| Prepaids |
3,471
|
 |
|
| Total current assets |
23,817,589 |
|
|
| Property
& Equipment |
| Land |
44,585 |
| Office furniture &
equipment |
50,184 |
| Less accumulated
depreciation |
(31,875)
|
|
|
| Total property &
equipment |
62,894
|
|
|
| Total assets |
23,880,483 |
|
|
| Liabilities
& Fund Balances |
|
|
| CURRENT
LIABILITIES |
| Grants payable |
319,949 |
| Special project
liability |
1,069,771 |
| Other liability |
307,773
|
|
|
| Total Current
Liabilities |
1,697,493 |
|
|
| FUND BALANCE |
22,182,990
|
|
|
| Total liabilities &
fund balance |
23,880,483 |
|
 |
|
|
REVENUE & OTHER SUPPORT 2007
|
|
|
| Contributions |
2,399,351 |
| Investment income |
445,557 |
| Realized &
unrealized gains |
1,020,344 |
| Administration fees |
342,282 |
| Other income |
14,117
|
|
|
| Total revenue &
other support |
4,221,651 |
|
|
| Expenses |
| Grants &
scholarships |
1,298,661 |
| Operating |
324,113 |
| Other funds |
459,019
|
|
|
| Total expenses |
2,081,793 |
|
|
| Revenue less expenses |
2,139,858
|
|
|
| Fund Balance, January 1 |
20,043,132 |
|
|
| Fund Balance, December
31 |
22,182,990 |
|
 |
