A brighter future. You can do more than just wish for it.
A brighter future. You can do more than just wish for it.
A brighter future. You can do more than just wish for it.
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$298,413,877<br />
Financial Pos<strong>it</strong>ion: Total Assets<br />
Combined Statements of Financial Pos<strong>it</strong>ion<br />
For the years ended December 31, 2007 & 2006<br />
2007 2006<br />
ASSETS<br />
Cash and equivalents $ 181,344 $ 1,219,420<br />
Investments at market value 291,546,660 269,906,616<br />
Investments in real estate 1,645,000 1,645,000<br />
Total investments 293,373,004 272,771,036<br />
Notes receivable 530,000 380,000<br />
Contributions receivable 688,981 1,654,948<br />
Grants receivable 1,013,285 1,183,913<br />
Spl<strong>it</strong>-interest agreements 2,221,180 2,132,418<br />
Other assets 54,345 629,712<br />
Furn<strong>it</strong>ure, equipment and fixtures, net 533,082 540,876<br />
Total Assets $ 298,413,877 $ 279,292,903<br />
LIABILITIES AND NET ASSETS<br />
Liabil<strong>it</strong>ies<br />
Accounts payable and accrued expenses $ 1,213,544 $ 1,245,638<br />
Agency funds managed <strong>for</strong> others 25,814,851 20,712,896<br />
Liabil<strong>it</strong>ies under spl<strong>it</strong>-interest agreements 407,195 357,939<br />
Deferred revenue 45,000 90,000<br />
Affiliate obligations to designated funds <strong>for</strong> Valley inst<strong>it</strong>utions - 92,802<br />
Grants payable 3,205,029 2,858,450<br />
Total liabil<strong>it</strong>ies<br />
Net Assets<br />
30,685,619 25,357,725<br />
Unrestricted 265,160,147 251,431,975<br />
Temporarily restricted 2,568,111 2,503,203<br />
Total net assets 267,728,258 253,935,178<br />
Total Liabil<strong>it</strong>ies and Net Assets $ 298,413,877 $ 279,292,903
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