2010 Annual Report: Education - PartnershipsInAction

S t a t e m e n t o f Fi n a n c i a l Po s i t i o n
We remain very grateful for the commitment of our many supporters. Our contributions grew thanks in part to strong support
to our response to the Pakistan flood emergency. We continue to enjoy success with direct government support of our programs
in places like East Africa, Pakistan and Afghanistan. Contributions from private sources remain our largest source of program
funds at 64 percent. Operating expenses are funded by a grant from His Highness the Aga Khan. Therefore, no donations from
individuals, foundations and corporations are used for operating expenses.
The financial results depicted on pages 62 and 63 are derived from the AKF USA December 31, 2010, audited consolidated
financial statements performed by PricewaterhouseCoopers LLP. AKF USA’s complete, audited financial statement may be obtained
by writing to the Chief Financial Officer, Aga Khan Foundation U.S.A., 1825 K Street, NW, Suite 901, Washington, DC 20006.
Noordin Moloo
Chief Financial Officer
As of December 31, 2010 and December 31, 2009
As of December 31, 2010 and December 31, 2009
Dollars Dollars in Thousands in Thousands
2010 2010 2009 2009
Assets
Cash and cash equivalents $53,987 $46,715
Investments 8,650 7,727
Accounts receivable and other current assets 209 459
Donor agency receivables 422 711
Receivables from affiliates 4,061 3,013
Contributions receivable, net 30,684 40,290
Fixed assets:
Property held for charitable purposes 87,446 87,446
Other fixed assets 333 580
Less accumulated depreciation -12,151 -11,090
Fixed assets, net 75,629 76,936
Total assets $173,641 $175,850
Liabilities and and net net assets assets
Liabilities:
Accounts payable and accrued liabilities $1,609 $836
Payable to affiliates 6,289 1,628
Deferred revenues 3,697 2,671
Total Liabilities 11,595 5,135
Net Assets
162,046 170,715
Total liabilities and net assets $173,641 $175,850