| FINANCIAL STATEMENT AND REPORT |
| BALANCE SHEET |
2005* |
2006*
|
| ASSETS | ||
| CASH & CURRENT ASSETS | $2,469,319 | $2,319,301 |
| $24,879,862 | $26,530,410 | |
| PROPERTY, EQUIPMENT, OTHER | $83,276 | $68,702 |
| TOTAL | $27,432,457 | $28,918,413 |
| LIABILITIES & NET ASSETS | ||
| - | - |
|
| GRANTS PAYABLE & COMMITMENTS | - | - |
| NET ASSETS | $27,432,457 |
$28,918,413
|
| TOTAL LIABILITIES & NET ASSETS | $27,432,457 |
$28,918,413 |
| STATEMENT OF ACTIVITIES | ||
| RECEIPTS | ||
| CONTRIBUTIONS | $922,724 | $836,925 |
| DIVIDENDS | $400,291 | $503,296 |
| INTEREST | $100,831 | $129,586 |
| OTHER INVESTMENT INCOME | - | - |
| TOTAL RECEIPTS | $1,423,846 | $1,469,807 |
| DISBURSEMENTS | ||
| GRANTS | $1,539,831 | $1,681,111 |
| FOUNDATION ADMINISTRATION | $584,011 | $479,298 |
| INVESTMENT MANAGEMENT FEES | $219,854 | $188,467 |
| OFFICE EXPENSE | $89,466 | $98,570 |
| TAXES | $76,621 | $42,349 |
| ACCOUNTING FEES | 36,625 | $27,589 |
| LEGAL FEES | $313 |
- |
| OTHER PROFESSIONAL FEES | $8,902 |
- |
| TOTAL GRANTS, TAXES & OPERATING EXPENSES | $2,555,623 | $2,517,384 |
| Excess of grants, taxes & operating expenses over income, before gain or loss on securities | $(1,131,777) | $(1,047,577) |
| *2005 & 2006 figures are from IRS Form 990-PF | ||