AER 2011 Annual Report - Army Emergency Relief
AER 2011 Annual Report - Army Emergency Relief
AER 2011 Annual Report - Army Emergency Relief
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Statement of Financial Position<br />
(As of 31 December <strong>2011</strong>) ($000)<br />
Assets:<br />
Cash and Cash Equivalents $ 15,795 Accounts Payable and Accrued Liabilities $ 561<br />
Payable for Purchase of Investments 1,583<br />
Pledges Receivable less allowance 2,417 Northern Trust Line of Credit 9,998<br />
Receivable from Sale of Investments 784 Total Liabilities 12,142<br />
Investments and Accrued Interest: NET ASSETS:<br />
Corporate Bonds and Notes 38,382 Unrestricted:<br />
US Treasury & Federal Agencies 30,566 Net Unrestricted 277,375<br />
Private Equity 22,568<br />
Equities 139,425 Temporarily Restricted:<br />
Real Estate 3,111 <strong>Annual</strong> campaign Contributions Pledged 2,417<br />
Accrued Investment Income 883 Atlantik-Brucke Scholarship Fund 962<br />
Total Investments and Accrued Income 234,935 MAJ Hugh Boyd Casey Memorial Award 20<br />
Pentagon Scholarship Fund 7,368<br />
Loans Receivable 49,806<br />
Less: Allowance for uncollectibles (3,187) Permanently Restricted:<br />
Net Loans Receivable 46,619 Anne A. Foster Fund 74<br />
Emma Harbord Memorial Fund 19<br />
Prepaid Charges and Other Assets 315 GEN John Williams Morgan Memorial Fund 12<br />
2LT. Chadwill Colt Robinson Memorial Fund 12<br />
Office and Computer Equipment 3,975 Military Service Institution Scholarship Fund 8<br />
Less Accumulated Depreciation (2,755) BG Joseph J. O'Hare Memorial Scholarship Fund 41<br />
Net O & E Equipment 1,220 Beatrice Patton Waters Memorial Scholarship Fund 50<br />
MG Joseph D. Patch, Richard King Patch, 89<br />
Total Assets $ 302,085 Joseph D. Patch, Jr., and Joseph D. Patch, III<br />
Independent Audit: <strong>Army</strong> <strong>Emergency</strong> <strong>Relief</strong> ‘s Financial Statements for the year ended 31<br />
December <strong>2011</strong> were audited by independent audits from the firm Deloitte & Touche L.L.P.<br />
Copies of the audit report are available on <strong>Army</strong> <strong>Emergency</strong> <strong>Relief</strong> ‘s website<br />
www.aerhq.org or upon request by contacting the Deputy Director for Finance and<br />
Treasurer at 200 Stovall St, Suite 5S33, Alexandria, VA 22332.<br />
Liabilities and Net Assets:<br />
Memorial Scholarship Fund<br />
MSG Alfred H. Carnot Memorial Scholarship Fund 7<br />
COL Joseph J. Imhoff Memorial Fund 1,206<br />
COL Anthony DiLorenzo Memorial Fund 22<br />
Scholarship for Children of <strong>Army</strong> Personnel Fund 261<br />
Total Net Assets 289,943<br />
Total Liabilities and Net Assets $ 302,085<br />
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