Fulfilling - Maine Community Foundation
Fulfilling - Maine Community Foundation
Fulfilling - Maine Community Foundation
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Financials<br />
f o r 2 0 0 2<br />
23<br />
Comparative Totals 2002 and 2001<br />
2002 2001<br />
Statement of Financial Position<br />
Assets<br />
Cash and cash equivalents $ 4,598,273 $ 3,947,62<br />
Investments, fair value 89,463,056 95,208,094<br />
Contributions and other accounts receivable 1,819,067 1,495,464<br />
Other assets 685,918 1,727,509<br />
Property and equipment - net 560,904 584,462<br />
Total Assets $ 97,127,218 $ 102,963,149<br />
Liabilities and Net Assets<br />
Liabilities<br />
Grants, accounts payable and accrued liabilities $ 2,141,443 $ 1,990,545<br />
Funds held as agency endowments 3,585,078 3,384,401<br />
Total Liabilities 5,726,521 5,374,946<br />
Net Assets<br />
Unrestricted 83,797,857 89,937,714<br />
Temporarily restricted 7,602,840 7,650,489<br />
Total Net Assets 91,400,697 97,588,203<br />
Total Liabilities and Net Assets $ 97,127,218 $ 102,963,149<br />
Statement of Activities and Changes in Net Assets<br />
Support and Revenues<br />
Contributions and bequests $ 12,046,104 $ 15,383,792<br />
Net realized and unrealized gains (losses) on investments -8,181,530 -4,888,641<br />
Investment Income 1,824,208 3,361,134<br />
Other Income 173,224 23,655<br />
Total 5,862,006 13,879,940<br />
Expenses<br />
Grants and program expenses 9,291,078 8,569,114<br />
Administrative expenses 2,502,244 2,371,534<br />
Depreciation 55,512 55,160<br />
Total 11,848,834 10,995,808<br />
Changes in net assets and agency endowments -5,986,828 2,884,132<br />
Net Assets<br />
Beginning of year 100,972,603 98,088,471<br />
End of year - December 31 $ 94,985,775 $ 100,972,603
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