Friends of Great Smoky Mountains National Park - Friends of the ...

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FINANCIAL STATEMENTS The amounts presented here are derived from audited financial statements of Friends of Great Smoky Mountains National Park for the years ending December 31, 2006 and December 31, 2005. There are slight variances in the figures due to rounding. Copies of the complete audited financial statements of Friends of Great Smoky Mountains National Park are available upon request. Statement of Financial Position Year Ended December 31, 2006 December 31, 2005 Assets Current Assets Cash and cash equivalents $2,825,986 $1,642,646 Prepaid Insurance $5,017 $5,017 Prepaid Expenses $42,013 $16,718 Pledges Receivable $38,100 $123,300 Accounts Receivable $150,925 $202,675 TOTAL CURRENT ASSETS $3,062,041 $1,990,355 Long-term Pledges Receivable $25,000 $88,100 Equipment, net of accumulated depreciation $80,299 $24,293 Other Assets Beneficial interest in assets held by others $183,555 $161,974 Deposits $775 $875 TOTAL OTHER ASSETS $184,330 $162,849 TOTAL ASSETS $3,351,670 $2,265,597 Liabilities and Net Assets Current Liabilities Accounts Payable $1,102 $2,744 Deferred Revenue $32,690 -0- TOTAL CURRENT LIABILITIES $33,792 $2,744 TOTAL LIABILITIES $33,792 $2,744 Net Assets Unrestricted $1,099,736 $907,943 Temporarily Restricted $1,956,871 $1,120,885 Permanently Restricted $261,271 $234,025 TOTAL NET ASSETS $3,317,878 $2,262,853 TOTAL LIABILITIES AND ASSETS $3,351,670 $2,265,597 Statement of Activities Year Ended December 31, 2006 December 31, 2005 Support and Revenues Contributions and Grants $1,996,448 $1,535,104 Less amounts designated by donors for other organizations ($101,721) ($110,283) Tennessee License Plate Revenues $486,930 $560,189 North Carolina License Plate Revenues $190,480 $147,780 Special Events $219,339 $160,687 In-kind Contributions $50,676 $130,308 Investment Income $80,320 $46,463 Other $18,645 $20,338 TOTAL UNRESTRICTED SUPPORT, REVENUE AND OTHER $2,941,117 $2,490,587 Expenses Program Services (Park projects & related support) $1,287,489 $1,665,398 Management and General $315,255 $279,514 Fundraising $283,349 $227,113 TOTAL EXPENSES $1,886,092 $2,172,024 18 Friends of the Smokies / Annual Report 2006
A Junior Ranger Graduates to Junior Conservationist Preserving the Park’s eastern hemlock trees is important to many people who love the Smokies. The trees play an important role in the balance of life in the Park, helping to cool streams where the native brook trout are making a comeback, providing shady spots for an abundant variety of wildflowers to flourish in every season, and serving as a nesting place for several species of songbirds. Park rangers emphasize the hemlocks’ importance to participants in the Junior Ranger program, and one young man was inspired to do what he could to help. While there were many notable contributions to the help save the hemlocks in 2006, a very special contribution came from a young man from Ohio named Devin who learned about the hemlocks’ plight through the Junior Ranger program in Great Smoky Mountains National Park. Devin performed various communityservice projects in his hometown to raise money to help save the hemlocks. He recycled aluminum cans. His family skipped their weekly trip to the movies, and instead added their ticket money to the effort. They also developed a special jar where they collected monetary penalties for, well, cursing. Devin’s actions became the basis for his annual 4-H project. When he was done, he presented $240.40 to Friends of the Smokies! With 14,000 acres of predominate hemlock forest in the Smokies, some with trees towering more than 160’ high and more than 400 years old, it is easy to see that tremendous resources are needed to tackle the hemlock woolly adelgid. Recent estimates provided by the Park illustrate the costs involved in the effort- ■n■n Foliar treatment (spraying technique)= $85 per acre ■n■n Soil injection= $17 per 20” of tree ■n■n Trunk injection= $58 per 20” of tree ■n■n Biological control= $1.00 per beetle Friends’ Marketing Director Holly Burcham with Devin In addition to Devin’s hard work on behalf of the hemlocks, Friends also received several outstanding contributions for the effort in 2006, including $50,000 from Lindsay Young’s Aslan Foundation, $11,797 from the Great Smoky Mountains Association from the sale of hemlock t-shirts, $10,000 through the Salisbury Community Foundation from Mr and Mrs. Bradford Stanback, $1,000 from James Vitali, $700 from Tony Sweet, and $500 from both the Astre Foundation and the Knoxville Garden Club. The Park’s fight against the hemlock wooly adelgid continues in 2007 and beyond, as does the need for funding to support the Park’s efforts. Friends of the Smokies deeply appreciates all of the support from the individuals, corporations, foundations, and partners named in this report, as well as every gift that has been made to help preserve and protect Great Smoky Mountains National Park since Friends was founded in 1993. It has all added up to more than $21 million in fourteen years. As the Park nears its 75 th Anniversary in 2009, we hope that our foundation of support will continue to grow, so that the Park’s next 75 years will contain many more stories of successful partnership with those who are passionate about its preservation. Thank you for your support! I made my first trip to the Smoky Mountains at about age 5, and my family fell in love with the area. It became a major destination for vacation travel most every year thereafter. I grew up camping and driving the Cades Cove loop, and continued that tradition as I married and we reared our children. We recently enjoyed taking our grandbabies for the first time, a memorable event for me. We feel we cannot truly say we have been to the Smoky Mountains if we do not get to drive the loop at least once during our trip. The Cove is such a special place, regardless of the season, with the abundance of wildlife, wildflowers, mountain views, and history. Over the years, I regularly read about the Cove, then later the Friends organization, and always felt led to make contributions every time we drove through there, as an example to the cars following behind us and sort of like a tithe to a place that had become so very special to us. I was happy to learn about the opportunity to join Friends and help as a volunteer with events such as Spring Wildflower Pilgrimage, and am so proud to be a member. It is an organization dear to my heart simply because I love the Cove and the Smoky Mountains – Nancy Anderson, Fairhope, Alabama Preserve. Protect. Provide / www.friendsofthesmokies.org 19
Page 1 and 2: © 1998. Jim Mowbray. Friends of Gr
Page 3 and 4: MISSION STATEMENT BOARD OF DIRECTOR
Page 5 and 6: NPS Dale Ditmanson Superintendent E
Page 7 and 8: 2006 HIGHLIGHTS The hemlock woolly
Page 9 and 10: 2006 HONOR ROLL OF SUPPORT In 2006,
Page 11 and 12: Mr. and Mrs. William M. Postlewaite
Page 13 and 14: Mrs. Jean C. Hicks Ms. Susan Hicks
Page 15 and 16: Mr. and Mrs. Sam H. Curtis D & V Di
Page 17: Mike Braun, 864 hours Bud Broaddus,

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