Financial Statements Statements audited by D’Arcangelo & Co. LLP. A copy <strong>of</strong> the last annual report and information returns (form 990, 990T when applicable, and CHAR 500) can be obtained by contacting The <strong>Foundation</strong> <strong>of</strong>fi ce or by written request to the Offi ce <strong>of</strong> the Attorney General, Department <strong>of</strong> Law, Charities Bureau, 120 Broadway, New York, NY 10271 STATEMENTS OF FINANCIAL POSITION (AUDITED) December 31, 2010 and 2009 STATEMENTS OF ACTIVITIES (AUDITED) For the Years Ended December 31, 2010 and 2009 42 2010 2009 Assets Cash $988,392 $1,007,363 Investment 91,993,806 81,671,272 Interest and Dividends Receivable 5,245 12,846 Loans Receivable 31,308 61,441 Promises to Give 46,640 444,237 Charitable Remainder Trust 129,083 130,682 Property, Net 28,873 37,502 Other Current Assets 152,240 5,669 Total Assets $93,375,587 $83,371,012 Liabilities Grants Payable $1,195,074 $1,194,783 Accounts Payable and Accrued Expenses 105,512 82,052 Other Liabilities 8,353 7,789 Agency Funds 3,976,697 3,037,860 Total Liabilities 5,285,636 4,322,484 Net Assets 88,089,951 79,048,528 Total Liabilities and Net Assets $93,375,587 $83,371,012 2010 2009 Revenue, Gains, and Support Gifts and Bequests $1,271,294 $8,804,396 Investment Income (Net) 11,695,971 15,052,011 Other Income 105,424 Total Revenue, Gains, and Support $13,072,689 $23,856,407 Expenses Program Services Grants Approved 2,999,818 1,630,290 Program Sponsored Initiatives 46,373 53,520 Supporting Services Management and General 985,075 929,118 Total Expenses 4,031,266 2,612,928 Increase (Decrease) in Net Assets 9,041,423 21,243,479 Net Assets, Beginning <strong>of</strong> Year 79,048,528 57,805,049 Net Assets, End <strong>of</strong> Year $88,089,951 $79,048,528 “We provide exemplary stewardship <strong>of</strong> the resources we manage and leverage.” DON CARBONE, FINANCE COMMITTEE CHAIR
ENVIRONMENTAL CALCULATOR Printed by an FSC, SFI and Sterling Planet certifi ed printer, with vegetable-based inks and 100 percent wind power. 3 lbs water-borne waste not created 454 gal wastewater fl ow saved 50 lbs solid waste not generated 99 lbs net greenhouse gases prevented 756,840 BTUs energy not consumed 1,399 lbs ghg emissions not generated 1.5 barrels fuel oil unused equivalent to not driving 1,385 miles equivalent to planting 95 trees
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