 |
 |
|
Statement of Financial Position
June 30, 2005
(Unaudited)
| ASSETS |
|
|
 |
Cash and Equivalents |
|
$ 1,434,267 |
|
Investments, at fair value |
|
6,657,416 |
|
Other assets |
|
–
 |
| TOTAL ASSETS |
|
$8,091,683
 |
LIABILITIES AND NET ASSETS |
| LIABILITIES: |
|
|
| |
Accounts payable and accrued liabilities |
|
$ 32,475 |
| |
Grants payable |
|
–
|
| Total Liabilities |
|
32,475
|
| NET ASSETS: |
|
|
| Unrestricted |
|
8,059,208
|
|
|
|
|
| TOTAL LIABILITIES AND NET ASSETS |
|
$8,091,683
|
Statement of Activities and Changes in Net Assets
Year ended June 30, 2005
(Unaudited)
| REVENUES AND SUPPORT |
|
| Contributions |
$ – |
| Net realized and unrealized gains on investments |
436,863 |
| Investment Income |
210,843
|
| Total Revenues and Support |
647,706
|
EXPENSES |
|
| Program Services: |
|
| |
Grant expenses |
957,950 |
| |
Other program expenses |
767,094 |
| Management and general |
254,020
|
| Total Expenses |
1,979,064
|
DECREASE IN NET ASSETS |
(1,331,358) |
NET ASSETS, BEGINNING OF YEAR |
9,390,566
|
NET ASSETS, END OF YEAR |
$8,059,208
|
|
|
|
|
|
|
|
