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consolidated financial statement
asset growth & history
January 1, 2012 - September 30, 2012

 

 

Current Assets
Cash 2,201,357
Investments 21,892,678
Amounts receivable 194,369
Prepaids 3,161
 
Total current assets 24,291,565
 
Property & Equipment
Land 44,585
Leasehold improvements 23,100
Office furniture & equipment 46,167
Less accumulated depreciation (35,461)
 
Total property & equipment 78,391
 
Total assets 24,369,956
 
Liabilities & Fund Balances
 
CURRENT LIABILITIES
Grants payable 225,027
Special project liability 74,419
Other liability 98,492
 
Total Current Liabilities 397,938
 
FUND BALANCE 23,972,018

 
Total liabilities & fund balance 24,369,956
 

 

 

REVENUE & OTHER SUPPORT

 
Contributions 1,073,565
Contributions--Interfund 117,560
Investment income 208,405
Realized & unrealized gains 2,137,529
Administration fees 267,310
Other income 2,480
 
Total revenue & other support 3,806,849
 
Expenses
Grants & scholarships 669,730
Grants & scholarships--Interfund 117,560
Operating 251,953
Other expenses 342,126

 
Total expenses 1,381,369
 
Revenue less expenses 2,425,480

 
Fund Balance, January 1 21,546,538
 
Fund Balance, September 30 23,972,018

 

 



The Charlevoix County Community Foundation is a nonprofit, publicly accountable organization. A complete, fully audited financial statement is on file for your review at our office.