W orking Together We Can Mak e A Difference - Whitefish ...
W orking Together We Can Mak e A Difference - Whitefish ...
W orking Together We Can Mak e A Difference - Whitefish ...
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FINANCIAL STATEMENT<br />
Statement of Assets & Liabilities<br />
12<br />
December As of<br />
31,<br />
As As of of<br />
December 2007 31, 2007<br />
December 31, 31, 2006*<br />
Assets<br />
Cash $ 19,987 $<br />
24,973<br />
Fixed Assets 2,718<br />
5,706<br />
Endowment Funds 794,368<br />
614,219<br />
Donor Advised Funds 1,077,269<br />
988,715<br />
Total Assets $ 1,894,342 $ 1,633,613<br />
Liabilities & Equity<br />
Liabilities<br />
Equity<br />
$ 4,128 $<br />
983<br />
Unrestricted Net Assets 628,946<br />
708,868<br />
Restricted Net Assets 1,003,684<br />
628,946<br />
Excess of income over expenses & grants 257,584<br />
294,816<br />
Total Net Liabilities & Equity $ 1,894,342 $ 1,633,613<br />
Statement of Contributions, Income,<br />
Expenses & Grants<br />
Year Ended Year Ended<br />
December 31, 2007 December 31, 2006*<br />
Contributions & Income<br />
Contributions Received $ 569,746 $ 570,657<br />
Investment Income 94,399<br />
182,538<br />
Other Income 2,525<br />
1,230<br />
Total Income $ 666,670 $ 754,425<br />
Expenses & Grants<br />
Community Grants $ 333,604 $ 405,216<br />
Investment Expenses 10,023<br />
7,386<br />
General & Administrative Expenses 47,241<br />
34,757<br />
Program Expenses 18,220<br />
12,250<br />
Total Expenses & Grants $ 409,087 $ 459,609<br />
Excess of Income Over Expenses & Grants $ 257,584 $ 294,816<br />
* Financial statements for year ended December 31, 2006 and interim period ended June 30,<br />
2007 are independently audited and are available on request from the Foundation office.
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