Financial Information

Statement Of Financial Position

For Years Ended December 31, 2013 and 2014

  2014 2013
Assets    
Cash and cash equivalents $576,797 $699,721
Investments 18,019,188 17,568,412
Remainder interest in irrevocable trust agreement 692,630 739,516
Property and equipment, net of accumulated depreciation 41,044 42,133
Due from other agency 219,206 159,215
Total Assets $19,548,865 $19,208,997
Liabilities    
Accounts payable and accrued expenses $40,779 $19,500
Liability under remainder trust agreements 307,030 323,958
Funds held as agency endowments 212,190 223,694
Total Liabilities $559,999 $567,152
Net Assets    
Unrestricted $732,424 $840,366
Temporarily restricted 9,009,075 8,743,295
Permanently restricted 9,247,366 9,058,184
Total Net Assets $18,988,865 $18,641,845
Total Liabilities and Net Assets $19,548,865 $19,208,997

Statement of Activities

  2014 2013
  Unrestricted Temporarily
Restricted
Permanently
Restricted
Total Total
Revenues and Other Support          
Contributions $123,848 $461,937 $189,182 $774,967 $683,092
Investment income 271,899 184,319   456,218 394,149
Net realized and unrealized gains and (losses) on investments   557,408   557,408 2,630,297
Net assets released from restrictions 877,675 (877,675)      
Change in value of split interest gifts   (60,209)   (60,209) 7,963
Total Revenues and
Other Support
$1,273,422 $265,780 $189,182 $1,728,384 $3,715,501
Expenses          
Grants and awards $692,919     $692,919 $633,543
Program activities 184,756     184,756 193,367
Depreciation 1,089     1,089 5,185
Management and administrative 440,338     440,338 404,327
Fundraising 62,262     62,262 61,845
Total Expenses $1,381,364     $1,381,364 $1,298,267
Change in Net Assets (107,942) 265,780 189,182 347,020 2,417,234
Net Assets, Beginning of Year 840,366 8,743,295 9,058,184 18,641,845 16,224,611
Net Assets, End of Year $732,424 $9,009,075 $9,247,366 $18,988,865 $18,641,845

A complete copy of the audited financial statements is available upon request.