Synergos 2004-2005 Report

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SUMMARY FINANCIAL REPORTA complete set of audited financial statements is available upon request.STATEMENT OF FINANCIAL POSITIONAs of December 31, 2005 2004ASSETS Cash $526,073 $1,312, 144Pledges and Other Receivables 6,981,798 9,606,206Investments, at Fair Value 1,944,886 404,251Prepaid Expenses and Other Assets 71,091 159,246Property and Equipment, Net 9,096,046 8,139,065Total Assets $18,619,894 $19,620,912LIABILITIES AND NET ASSETSLiabilities: Accounts Payable and Accrued Expenses $1,930,629 $414,833Capital Lease Obligation 174,605 76,048Note Payable 5,850, 000 5,850,000Total Liabilities 7,955,234 6,340,881Commitments and ContingencyNet Assets:UNRESTRICTED:Invested in Property and Equipment 2,419,768 2,289,065Undesignated 615,507 2,155,660Total Unrestricted Net Assets 3,035,275 4,444,725Temporarily Restricted Net Assets 7,629,385 8,835,306Total Net Assets 10,664,660 13,280,031Total Liabilities and Net Assets $18,619,894 $19,620,912STATEMENT OF ACTIVITIESFor Year Ended December 31, 2005 2004Support and Revenue:ExpensesCONTRIBUTIONS:Foundations $2,893,111 $4,688,347Corporations 1,974,705 238,487Individuals 1,262,038 3,942,160GPC Membership Dues 1,268,296 1,252,553Government Grant 121,447 462,348Special Event, net 651,414 976,145Return on Investments 29,480 13,751Other Income 299,277 214,045Total Support and Revenue 8,499,768 11,787,836PROGRAM SERVICESStrengthening Bridging Organizations 3,496,668 2,977,335Multi-Stakeholder Partnerships 2,747,447 141,090Global Philanthropists Circle 1,173,480 826,196Communications and Outreach 99,518 161,059Bridging Leadership 136,476Total Program Services 7,517,113 4,242,156SUPPORTING SERVICESManagement and General 2,265,607 1,156,819Fundraising 605,745 665,376Total Supporting Services 2,871,352 1,822,195Total Expenses 10,388,465 6,064,351Subtotal (1,888,697) 5,723,485Loss on Disposal of Equipment (33,674) (34,490)Loss on Uncollectible Pledges (693,000) (179,500)Change in Net Assets (2,615,371) 5,509,495Net Assets at Beginning of Year 13,280,031 7,770,536Net Assets at End of Year $10,664,660 $13,280,03128 REPORT 2004-2005
CREDITSPHOTOS:ABS-CBN FoundationFundación AlvarAliceWendy AppelbaumJanet BeckerGabriella CampagnaBeth CohenZaid HassanJohn HellerInternational Community FoundationRob KleinJoe McCarronEric MillerRichard NewtonJoe SchildbornDESIGN:Robin ReadPrinted by Classic Color Systems on ForestryStewardship Council-certified paper.
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Page 32: THE SYNERGOS INSTITUTE51 Madison Av

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