cgf annualreport 2011

statement of financial position
for years ending december 31, 2011 and 2010
financial report
assets 2011 2010
Cash and cash equivalents $1,202,680 $1,552,541
Pledges receivable 477,002 432,790
Other current assets 145,476 158,347
Investments 4,280,324 4,376,960
Property and equipment — Net 1,062,628 1,033,467
Total Assets $7,168,110 $7,554,105
liabilities and net assets
Accounts payable $17,858 $107,446
Accrued liabilities 138,051 319,279
Due to US CCG Auxiliary — 5,364
Deferred Income 46,500 36,500
Total Liabilities $202,409 $468,589
net assets
Unrestricted $2,829,490 $2,726,902
Temporarily restricted 1,403,902 1,808,464
Permanently restricted 2,732,309 2,550,150
Total Net Assets $6,965,701 $7,085,516
Total Liabilities and Net Assets $7,168,110 $7,554,105
statement of financial activities
for years ending december 31, 2011 and 2010
coast guard foundation, inc.
revenues, gains and other support 2011 2010
Events, Net of Expenses
Contributions
$2,292,683 $2,220,870
Annual Fund 752,756 637,184
Other contributions 1,038,903 1,253,236
In Kind Gifts
Other income/gains
6,448,174 894,500
Investment income, net 34,290 35,694
Realized/unrealized gains (losses) (22,378) 407,311
Rental income 89,880 89,880
Other income 46,438 218,973
Total Revenues, gains and other support $10,680,746 $5,757,648
expenses
Program Expenses $9,381,839 $3,287,542
Administrative and general 463,909 491,808
Development and Fundraising 954,813 970,263
Total Expenses $10,800,561 $4,749,613
Change in Net Assets $(119,815) $1,008,035
Net Assets, Beginning of Year 7,085,516 6,077,481
Net Assets, End of Year $6,965,701 $7,085,516
coast guard foundation h 16 h 2011 annual report
income 2011
n Annual Fund . . . . . . . . . . . . 7%
n Special Events,
net of direct costs . . . . . . 22%
n Other contributions . . . . 10%
n In-kind gifts, including
media services . . . . . . . . .60%
n Other revenue . . . . . . . . . . . .1%
expenses 2011
n Total program . . . . . . . . . .87%
n Management and
general . . . . . . . . . . . . . . . . . 4%
n Fundraising . . . . . . . . . . . . . 9%
This includes the value of donated media
services for a PSA campaign. Without
this donation, program expenditures
would have been 69%.
independent audit: The Coast Guard
Foundation Financial Statements for the
years ended December 31, 2011 and 2010,
were audited by independent auditors from
the firm of Sansiveri, Kimball & Co. Copies
of the report have been provided to all
members of the Coast Guard Foundation
Board of Trustees and are available on our
website coastguardfoundation.org. Copies
of the audit report can be obtained by
contacting the Coast Guard Foundation,
394 Taugwonk Road, Stonington, CT 06378.
All financial information presented in this
report is based on the audited financials.