 |
 |
|
Statement of Financial Position
June 30, 2006
(Unaudited)
| ASSETS |
|
|
 |
Cash and Equivalents |
|
$ 806,430 |
|
Investments, at fair value |
|
6,535,099 |
|
Other assets |
|
1,792
 |
| TOTAL ASSETS |
|
$7,343,321
 |
LIABILITIES AND NET ASSETS |
| LIABILITIES: |
|
|
| |
Accounts payable and accrued liabilities |
|
$ 34,907 |
| |
Grants payable |
|
32,250
|
| Total Liabilities |
|
67,157
|
| NET ASSETS: |
|
|
| Unrestricted |
|
7,276,164
|
|
|
|
|
| TOTAL LIABILITIES AND NET ASSETS |
|
$7,343,321
|
Statement of Activities and Changes in Net Assets
Year ended June 30, 2006
(Unaudited)
| REVENUES AND SUPPORT |
|
| Contributions |
$ – |
| Net realized and unrealized gains on investments |
420,718 |
| Investment Income |
258,548
|
| Total Revenues and Support |
679,267
|
EXPENSES |
|
| Program Services: |
|
| |
Grant expenses |
626,941 |
| |
Other program expenses |
632,554 |
| Management and general |
202,815
|
| Total Expenses |
1,462,310
|
DECREASE IN NET ASSETS |
(783,043) |
NET ASSETS, BEGINNING OF YEAR |
8,059,207
|
NET ASSETS, END OF YEAR |
$7,276,164
|
|
|
|
|
|
|
|
