05 annual report V4 - Chester County Community Foundation

FINANCES
CHESTER COUNTY COMMUNITY FOUNDATION
STATEMENT OF FINANCIAL POSITION as of June 30
As audited by Rainer & Co.
ASSETS Audited 2005 Audited 2004
Cash & cash equivalents $ 5,381,925 $ 3,739,593
Accounts receivable 11,345 41,881
Unconditional promises to give 50,000 92,496
Prepaid expenses 10,224 5,351
Marketable securities 15,512,356 14,034,815
Property & equipment – net 538,190 565,776
TOTAL ASSETS $ 21,504,040 $ 18,479,912
LIABILITIES
Accounts payable & accrued expenses $38,436 $ 125,997
Annuity payable 256,922 11,321
Deferred revenue 5,070 34,425
Not-for-profit endowments 1,668,894 1,522,339
TOTAL LIABILITIES $ 1,969,322 $ 1,694,082
NET ASSETS
Unrestricted – Board designated $ 19,484,718 $ 16,693,334
Temporarily restricted 50,000 92,496
TOTAL NET ASSETS $ 19,534.718 $ 16,785,830
TOTAL LIABILITIES AND NET ASSETS $ 21,504,040 $ 18,479,912
Earned Income 27% Contributions 73%
Programs 44%
Mgt/Adm 4%
Fundraise 4%
Grants 48%
SOURCES OF FUNDS
USES OF FUNDS
HISTORIC RED OAK OF CHADDS FORD, 1755
STAFF
To request a copy of the audit, contact the Community Foundation at
(610) 696-8211 or info@chescof.org
Karen A. Simmons
President/CEO
Beth Harper Briglia, CPA
Vice President of Donor Services
& Grantmaking
Sarah Pyle
Communications & Public
Relations Associate
Michele O. Thomas
Donor Services Associate
Mary Jane Emery
Controller, Your Part-Time
ControllerTM
Trisha Harahan
Donor Services Assistant
The daily affairs of the Chester County Community Foundation are managed by professionals
who can be readily contacted at (610) 696-8211 or info@chescocf.org.
MISSION:
The Chester County Community Foundation leads, inspires and encourages
all individuals and organizations to create or contribute to lasting philanthropic
charitable legacies, using the power of collective philanthropy to improve
the quality of life primarily in Chester County.