2015 CF Annual Report

FINANCIALS
UNRESTRICTED FUNDS
DONOR ADVISED FUNDS
RESTRICTED FUNDS
SUMMARY
STATEMENT OF
FINANCIAL
POSITION
December 31, 2015
(with comparative
totals for 2014)
ASSETS
2015 2014
Cash and investments $ 44,997,595 $ 43,928, 27 1
Pledges receivable 323,142 740,208
Other assets 367,344 353,436
TOTAL ASSETS $ 45,688,081 $ 45,021,91 5
10M
8M
6M
4M
2M
12M
9M
6M
3M
15M
10M
5M
LIABILITIES AND NET ASSETS
Accounts payable and accrued liabilities $ 568,871 $ 435,394
Funds held for agencies 5,783, 124 6,743,302
TOTAL LIABILITIES 6,351,995 7,178,696
NET ASSETS
Unrestricted 9,929,222 10,671,044
Donor advised 13,366, 133 10,935,730
Restricted 16,040,73 1 16,236,445
0
’11
’12
’13
’14
2011 $ 7,436,7 1 2
2012 $ 8,393,380
Unrestricted Funds
’15
2013 $ 10,503,523
2014 $ 10,6 7 1,044
2015 $ 9,929,222
0
’11
’12
’13
’14
2011 $ 7,629,640
2012 $ 8,529,206
Donor Advised Funds
’15
2013 $ 9,7 1 1 ,345
2014 $ 10,935,730
2015 $ 13,366,1 33
0
’11 ’12 ’13 ’14 ’15
2011 $ 12,635,402
2012 $ 14,017,8 1 1
Restricted Funds
2013 $ 16,204,086
2014 $ 16,236,445
2015 $ 16,040,7 3 1
TOTAL NET ASSETS 39,336,086 37,843,2 1 9
TOTAL LIABILITIES AND NET ASSETS $ 45,688,08 1 $ 45,021,9 1 5
TOTAL CONTRIBUTIONS
TOTAL GRANTS
NET OPERATING EXPENSES*
23
SUMMARY
STATEMENT OF
ACTIVITIES AND
CHANGES IN NET
ASSETS
December 31, 2015
(with comparative
totals for 2014)
REVENUE AND SUPPORT
Total contributions $ 7,076,929 $ 4,905,999
Less contributions from funds held for agencies 1,322,927 2,264,340
Contributions 5,754,002 2,641,659
Total investment income (loss) (2,188,625) 881,79 1
Less investment income (loss) on funds held (188,7 1 1) 1 10,049
for agencies
Investment income (loss) (1,999,914) 771 ,742
Other income 2 1,173 18,618
TOTAL REVENUE AND SUPPORT 3,775,261 3,432,019
GRANTS AND EXPENSES
Total grants 3,801,754 3,949,295
Less grants from funds held for agencies 2,007,429 2,399,257
Grants 1,794,325 1,550,038
Total operating expenses 575,034 565,680
Less administrative fees on funds held for agencies 86,965 107,964
Operating expenses 488,069 457,71 6
TOTAL GRANTS AND EXPENSES 2,282,394 2,007,754
REVENUE IN EXCESS OF EXPENSES 1 ,492,867 1,424,265
NET ASSETS - BEGINNING 37,843,219 36,418,954
NET ASSETS - ENDING $ 39,336,086 $ 37,843,2 19
Auditors: Wipfli LLP
The complete audited financial statements and copies of our tax forms 990 (and 990-T if applicable)
are available upon request by calling 715.845.9555 or e-mailing info@cfoncw.org.
7M
6M
5M
4M
3M
2M
1M
0
INVESTMENT PERFORMANCE
8%
6%
4%
2%
0%
-2%
-4%
-6%
’11
-5.7% -3.2%
CPI+5% 1.5%
1 yr
Agency Related
’12
’13
’14
3.1%
6.0%
3 yr
’15
2011 $ 6,467,535
2012 $ 2,841 ,35 1
Total Contributions
2013 $ 4,918,854
2014 $ 4,905,999
2015 $ 7,076,929
5M
4M
3M
2M
1M
0
4.0% 4.2% 4.4% 7.6%
6.6%
5 yr
’11
Agency Related
’12
’13
6.9%
7.1%
Since 09/02
’14
’15
2011 $ 4,513,547
2012 $ 5, 1 15,745
Total Grants
2013 $ 3,082,938
2014 $ 3,949,295
2015 $ 3,801,754
Community Foundation of North Central Wisconsin
Benchmark*
500K
400K
300K
200K
100K
0
’11
*Balanced index is currently comprised of the following
indices: 15% S&P 500, 5% S&P 400, 5% Russell 2000,
10% MSCI EAFE, 5% MSCI SC EAFE, 10% MSCI
Emerging Markets, 20% Barclays Aggregate Bond,
10% HFRI Equity Hedge, 6% Dow Jones UBS
Commodities, 4% FTSE NAREIT All Equity, and
10% HFRI FOF Conservative
Investment Consultants: Fund Evaluation Group (FEG)
’12
’13
’14
’15
2011 $ 357,950
2012
Net Operating
$ 417,84 7
2013 $ 443,238
2014 $ 457,7 16
2015 $ 488,069
* less fees from agencies
24
COMMUNITY FOUNDATION OF NORTH CENTRAL WISCONSIN
2015: Investment Performance
cfoncw.org