North Carolina Conversations Summer-Fall 2008.pdf

Financial OverviewListed below are the balance sheet, revenues, and expenses for the fiscal year ended October 31, 2007. The audited statementfor fiscal year 2007 is available upon request. Contact Genevieve Cole, Associate Director & Director of Administration andFinance at (336) 334-4771 with any questions.RevenuesPublic SupportNational Endowment forthe Humanities (NEH) $ 681,324Grants — We thePeople (NEH) 138,170State 100,000Other gifts and grants 125,744Other RevenueInterest income 13,661Investment Income 57,474Miscellaneous – –Loss on disposal of propertyand equipment (191)Total Revenue $1,116,182Net AssetsChange in Net Assets $176,081Net Assets: Beginning of year 736,813Net Assets:End of year $ 912,894ExpensesProgram ServicesProgram Activities $ 229,215Caldwell Program 10,754Road Scholars 43,271Teachers Institute 85,863Newsletter 6,131Crossroads 6,553Southern HumanitiesMedia Fund 15,000Let’s Talk About It 14,365We the People Conference 467Linda Flowers Literary Award 3,965Regrants — Restricted funds 10,000Regrants — NEH funds 90,661Regrants — NC funds 104,824Supporting ServicesManagement and General 254,250Fundraising 64,7822007 RevenuesNEH — 61% — $681,324WTP — 12% — $138,170State — 9% — $100,000Gifts and Grants — 11% — $125,744Other — 6% — $70,944Total Expenses $940,101Support the Council’sWork by donating atwww.nchumanities.org2007 ExpensesAnnual Program Services — 56%— $621,069Management — 22% — $254,250Fundraising — 6% — $64,782Restricted Funds for OngoingPrograms — 16% — $150,416NC Conversations • Summer 2008 • 19