Metropolitan CoMMunity College Foundation
Metropolitan CoMMunity College Foundation
Metropolitan CoMMunity College Foundation
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the <strong>Metropolitan</strong> <strong>CoMMunity</strong> <strong>College</strong><br />
<strong>Foundation</strong> FinanCial StateMent<br />
aUDITeD FInanCIaLS FOR yeaR enDInG JUne 30, 2009<br />
RevenUeS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2009 . . . . . . . . . . . . . . . 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .<br />
Gifts<br />
Donations/Gifts in-kind<br />
Special events<br />
Investment Income<br />
Other Revenue<br />
net assets Released<br />
from Restriction<br />
Total Revenue<br />
exPenSeS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .<br />
MCC Initiatives/Grants<br />
Student Scholarships<br />
Faculty/Staff<br />
Department/Program Support<br />
Special events<br />
Bad Debts<br />
Other Operating expenses<br />
Total expenses<br />
Change in net assets<br />
Unrestricted<br />
2009<br />
$27,773<br />
$52,008<br />
$5,879<br />
$85,660<br />
$1,783,724<br />
$1,869,384<br />
$1,550,707<br />
$175,453<br />
$26,223<br />
$30,524<br />
$52,807<br />
$291<br />
$1,836,005<br />
$33,379<br />
Temporarily<br />
Restricted<br />
$1,633,330<br />
$46,204<br />
($137,874)<br />
$1,019<br />
$1,542,679<br />
($1,783,724)<br />
($241,045)<br />
($241,045)<br />
Permanetly<br />
Restricted<br />
Total<br />
2009<br />
$1,661,103<br />
$52,008<br />
$46,204<br />
($131,995)<br />
$1,019<br />
$1,628,339<br />
$1,628,339<br />
$1,550,707<br />
$175,453<br />
$26,223<br />
$30,524<br />
$52,807<br />
$291<br />
$1,836,005<br />
($207,666)<br />
Total<br />
2008<br />
$1,401,660<br />
$54,290<br />
$52,551<br />
($191,488)<br />
$3,452<br />
$1,320,465<br />
$1,320,465<br />
$54,290<br />
$203,290<br />
$22,051<br />
$48,178<br />
$58,749<br />
$11,364<br />
$219<br />
$398,141<br />
$922,324<br />
FUnD BaLanCeS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .<br />
Beginning of year<br />
$243,460 $2,795,655<br />
$3,039,115 $2,116,791<br />
Transfers in (out)<br />
$1,132 ($101,132) $100,000<br />
end of year<br />
$277,971 $2,453,478 $100,000<br />
$2,831,449 $3,039,115<br />
your gift...their future...our promise -6-
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