Near East Foundation Annual Report 2014
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Financial <strong>Report</strong> – Fiscal Year <strong>2014</strong><br />
Statement of Financial Position at June 30, <strong>2014</strong> Statement of Activities Year ended June 30, <strong>2014</strong><br />
ASSETS<br />
REVENUES AND OTHER SUPPORT<br />
Cash and equivalents 721,754 Contributions 425,349<br />
Grants and Contracts receivable 586,968 Government 6,387,552<br />
Accounts and loans receivable 286,532 Private Grants 32,350<br />
Investments, at fair value 3,921,425 In Kind Contributions 33,731<br />
Prepaid expenses 22,190 Investment income 551,224<br />
Fixed assets net 149,180 Program related 8,495<br />
5,688,049 Other income 3,868<br />
LIABILITIES AND NET ASSETS<br />
7,442,569<br />
EXPENSES<br />
Current Liabilities<br />
Accounts payable and accrued expenses 477,054 Program Services 6,395,380<br />
Deferred revenue 548,939 Management and General 424,577<br />
Total liabilities 1,025,993 Fundraising 107,586<br />
Foreign Currency Adjustment (19,018)<br />
6,908,525<br />
Net Assets Net Surplus/(Deficit) 534,044<br />
Unrestricted 1,499,650<br />
Temporarily restricted 50,617<br />
Permanently restricted 3,111,789<br />
Total net assets 4,662,056<br />
EXPENSES<br />
Total 5,688,049<br />
Management<br />
and General<br />
6%<br />
Fundraising<br />
2%<br />
In <strong>2014</strong>, 92 percent of our funding went directly to supporting people in need. Through<br />
fundraising and cost-saving efforts, we doubled our budget from the previous year—allowing us<br />
to help more vulnerable communities. NEF is committed to superior financial and administrative<br />
management, which ensures our ability to deliver support today and into the future.<br />
Program<br />
92%<br />
NEF <strong>2014</strong> <strong>Annual</strong> <strong>Report</strong> | 20
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