Near East Foundation 2003 Annual Report

Sta tem e nt of Activities a nd Net Asse ts, Fisca l Year En de d Ju ne 3 0, 2 003
(with com p ara tive tot als for 2 002 )
Temporarily Permanently Total Total
Reve nue , gains a nd oth er sup port : Unrestricted Restricted Restricted 2003 2002
C o n t r i b u t i o n s
G o v e rnment grants
Private grants
Legacies and bequests
In-kind contributions
Investment income
Net realized gain on security transactions
Net depreciation of securities
P ro g r a m - related income
M i s c e l l a n e o u s
$ 1 , 2 9 3 , 1 7 4
1 , 2 0 2
3 1 , 4 9 5
8 1 , 5 5 0
1 0 3 , 4 2 7
7 6 , 4 8 5
4 2 0 , 4 8 4
6 , 0 6 3
$ 5 0 0 , 3 3 8
2 7 8 , 3 6 9
1 , 3 5 3 , 9 1 6
4 4 8
4 9 1
4 6 9
$ 1 , 7 9 3 , 5 1 2
2 7 8 , 3 6 9
1 , 3 5 3 , 9 1 6
1 , 2 0 2
3 1 , 4 9 5
8 1 , 9 9 8
1 0 3 , 9 1 8
7 6 , 9 5 4
4 2 0 , 4 8 4
6 , 0 6 3
$ 2 4 2 , 5 1 3
1 6 1 , 6 4 9
1 , 1 1 1 , 0 6 3
1 , 5 4 2
4 8 , 3 0 0
1 1 7 , 1 1 4
6 , 2 6 0
( 5 7 6 , 3 9 3 )
3 7 6 , 9 6 8
8 , 3 3 4
Net assets released from re s t r i c t i o n s
Satisfaction of program re s t r i c t i o n s
Satisfaction of equipment acquisition re s t r i c t i o n s
2 , 1 1 1 , 9 3 6
1 9 , 7 3 8
( 2 , 1 1 1 , 9 3 6 )
( 1 9 , 7 3 8 )
Total revenue, gains , and other supp ort
$ 4 , 1 4 5 , 5 5 4
$ 2 , 3 5 7
$ 4 , 1 4 7 , 9 1 1
$ 1 , 4 9 7 , 3 5 0
E x p e n s e s :
Program services
Direct program services
Program administration
Total program services
$ 3 , 7 4 5 , 1 4 4
5 3 1 , 8 2 3
4 , 2 7 6 , 9 6 7
$ 3 , 7 4 5 , 1 4 4
5 3 1 , 8 2 3
4 , 2 7 6 , 9 6 7
$ 3 , 4 6 8 , 3 9 8
2 9 2 , 3 7 8
3 , 7 6 0 , 7 7 6
Supporting services
Management and general
Promotion and fund raising
Total supporting services
3 9 3 , 5 9 2
3 8 7 , 0 2 2
7 8 0 , 6 1 4
3 9 3 , 5 9 2
3 8 7 , 0 2 2
7 8 0 , 6 1 4
3 5 5 , 9 0 7
3 5 1 , 3 9 3
7 0 7 , 3 0 0
Total expenses
$ 5 , 0 5 7 , 5 8 1
$ 5 , 0 5 7 , 5 8 1
$ 4 , 4 6 8 , 0 7 6
Changes in net assets
Net assets at the beginning of year
( $ 9 1 2 , 0 2 7 )
4 , 5 6 2 , 6 1 8
$ 2 , 3 5 7
2 , 2 3 4 , 2 2 1
1 6 9 , 7 0 2
( $ 9 0 9 , 6 7 0 )
6 , 9 6 6 , 5 4 1
( $ 2 , 9 7 0 , 7 2 6 )
9 , 9 3 7 , 2 6 7
Net assets at end of year
$ 3 , 6 5 0 , 5 9 1
$ 2 , 2 3 6 , 5 7 8
$ 1 6 9 , 7 0 2
$ 6 , 0 5 6 , 8 7 1
$ 6 , 9 6 6 , 5 4 1
R e p o rt of Pr ogra m Expe nditur e s
Fiscal Yea r En ded June 30, 2003 (by coun tr y )
E g y p t
$ 1 , 5 2 9 , 3 2 9
M o ro c c o
$ 4 7 7 , 9 1 9
S u d a n
$ 2 5 5 , 7 2 9
M a l i
$ 6 4 8 , 7 2 4
West Bank/G aza
$ 6 9 , 5 9 8
L e s o t h o
$ 3 3 7 , 7 4 1
J o rd a n
$ 2 9 0 , 3 5 6
S w a z i l a n d
$ 1 3 , 2 9 3
L e b a n o n
$ 1 0 , 0 0 0
D j i b o u t i
$ 3 8 , 2 3 3
I r a q
$ 3 6 , 8 1 3
E t h i o p i a
$ 1 5 , 9 2 8
P r ogram Deve lo pm en t/Mon it or in g
$ 2 1 , 4 8 1
To tal o verse as progr am ex pen d iture s
$ 3 , 7 4 5 , 1 4 4
The latest audited fi nancial statement will be available on our website or may be obtained by writing to the Near East Foundation, 420 Lexington Av e n u e ,
Suite 2516, New York, NY 10170- 2599, or to the State of New York, Department of State, 162 Washington Avenue, Albany, NY 12231-0001.
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