2008 - United Way of Western Connecticut

Financials
Financial Statements - Consolidated
Statement of Financial Position Year Ended June 30, 2008 2008 2007
ASSETS
Cash and Investments $ 7,555,695. $ 8,448,197.
Promises to Give & Other Receivables 1,234,900. 1,320,152.
Land, Building and Equipment, Net 924,863. 36,620.
Amounts Raised on Behalf of Others 153,970. 110,920.
Total Assets $ 9,869,428. $ 10,815,889.
LIABILITIES AND NET ASSETS
Liabilities
Accounts Payable 312,408. 316,988.
Community Grants Payable 3,667,756. 3,714,661.
Amounts Raised on Behalf of Others 160,870. 161,919.
Total Liabilities $ 4,141,034. $ 4,193,568.
NET ASSETS
Unrestricted
Land, Building and Equipment, Net 924,863. 936,620.
Board Designated 4,512,546. 5,310,143.
Undesignated 153,871. 290,511.
Total Unrestricted $ 5,591,280. $ 6,537,274.
Temporarily Restricted 137,114. 85,047.
Total Net Assets $ 5,728,394. $ 6,622,321.
TOTAL LIABILITIES AND NET ASSETS $ 9,869,428. $ 10,815,889.
Statement of Activities Year Ended June 30, 2008 2008 2007
REVENUES, GAINS AND OTHER SUPPORT
Campaign Revenue $ 6,093,270. $ 6,852,907.
Contributions and Grants 723,565. 364,818.
Investment, In-Kind and Other 252,172. 4,736,899.
Total Support and Revenue $ 7,069,007. $ 11,954,624.
COMMUNITY IMPACT GRANTS, OTHER DISTRIBUTIONS AND EXPENSE
Community Impact Grants & Other Distributions 5,469,660. 6,202,581.
Program Services 1,672,810. 1,287,418.
Supporting Services 820,464. 985,025.
Total Grants and Other Distributions $ 7,962,934. $ 8,475,024.
Net Assets at Beginning of Year 6,622,321. 3,142,721.
Change in Net Assets $ (893,927.) $ 3,479,600.
Net Assets at End of Year $ 5,728,394. $ 6,622,321.
16 UNITED WAY OF WESTERN CONNECTICUT • 2008 REPORT TO THE COMMUNITY