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Financials
Balance Sheet | | December 31, 2008 | December 31, 2007 | Assets | | | Current Assets | | | Cash and cash equivalents | $77,603 | $67,147 | Investments | 14,288,445 | 21,562,477 | Prepaid expenses and other current assets | 21,585 | 28,352 | Total current assets | 14,387,633 | 21,657,976 | Property and Equipment - Net | 671,103 | 673,256 | Total assets | $15,058,736 | $22,331,232 | Liabilities and Net Assets | | | Current Liabilities | | | Accounts payable | $502 | $3,489 | Accrued liabilities and other: | | | Deferred compensation | 75,945 | 61,964 | Other accrued liabilities | 2,927 | 2,604 | Total current liabilities | 79,374 | 68,057 | Net Assets - Unrestricted | 14,979,362 | 22,263,175 | Total liabilities and net assets | $ 15,058,736 | $ 22,331,232 |
Statement of Activities and Changes in Net Assets | | Year Ended | | | December 31, 2008 | December 31, 2007 | Revenue, Gains, and Other Support | | | Interest and dividend income | $404,397 | $432,094 | Realized gain on sale of investments, including capital gain distributions | 260,959 | 737,800 | Unrealized (losses) gains on investments | (6,808,965) | 254,314 | Asset management fees | (85,499) | (113,375) | Settlement income | - | - | Miscellaneous income | 40 | 1,130 | Net revenue, gains, (losses), and other support | (6,229,068) | 1,311,963 | Expenses | | | Program services - Grants and contributions | 777,240 | 923,116 | Support services - Management and general | 277,505 | 281,149 | Environmental clean-up project | - | 50,000 | Total expenses | 1,054,745 | 1,254,265 | (Decrease) Increase in Net Assets | (7,283,813) | 57,698 | Net Assets - Beginning of year | 22,263,175 | 22,205,477 | Net Assets - End of year | $14,979,362 | $22,263,175 |
This page last updated on 4/28/2009.
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