IT'S ABOUT RESULTS - Riverfront Recapture
IT'S ABOUT RESULTS - Riverfront Recapture
IT'S ABOUT RESULTS - Riverfront Recapture
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RIVERFRONT RECAPTURE, INC.<br />
FOR THE YEAR ENDED DECEMBER 31, 2011<br />
STATEMENT OF FINANCIAL POSITION<br />
12<br />
CAPITAL PROJECTS<br />
OPERATIONS AND ENDOWMENT<br />
ASSETS<br />
Cash and Equivalents $ 143,797 $ 31,485<br />
Investments 609,355 1,163,810<br />
Pledges Receivable 494,878 147,330<br />
Grants Receivable 204,305 —<br />
Due from Funds, Net — 771<br />
Prepaid Expenses and Security Deposits 43,807 —<br />
Accounts Receivable 38,137 —<br />
Equipment, Net of Accumulated Depreciation 227,345 —<br />
Total Assets $1,761,624 $ 1,343,396<br />
LIABILITIES AND NET ASSETS<br />
Liabilities<br />
Deferred Revenue $ 2,730<br />
Due to Funds, Net $ 771 —<br />
Accounts Payable and Accrued Liabilities 88,098 21,029<br />
Refundable Advances 99,877 —<br />
Total Liabilities<br />
Net Assets<br />
188,746 23,759<br />
Unrestricted 1,089,035 —<br />
Unrestricted-Board Designated — 478,702<br />
Temporarily Restricted 483,843 640,935<br />
Permanently Restricted — 200,000<br />
Total Net Assets 1,572,878 1,319,637<br />
Total Liabilities and Net Assets $1,761,624 $1,343,396<br />
STATEMENT OF ACTIVITIES<br />
Support and Revenue<br />
Government Grants $ 562,523 $ 33,572<br />
Corporate Support 293,350 —<br />
Contributions from Individuals 248,270 177,154<br />
Foundation Grants 573,927 10,000<br />
Special Events Net Revenue 155,042 —<br />
Program Fees 497,129 —<br />
Other Earned Income, Net 272,786 —<br />
Investment Income/Losses (22,992) (44,464)<br />
Reallocation of Investment Income to Operations 53,620 (53,620)<br />
Total Revenue<br />
Expenses<br />
2,633,655 122,642<br />
Program Services 2,124,685 39,373<br />
General and Administration 133,745 —<br />
Fundraising 325,643 —<br />
Total Expenses<br />
Change in Net Assets:<br />
2,584,073 39,373<br />
Unrestricted (129,448) (2,047)<br />
Temporarily Restricted 180,994 85,316<br />
Permanently Restricted — —<br />
Total Change in Net Assets 51,546 83,269<br />
Net Assets, Beginning of Year 1,521,332 1,236,368<br />
Net Assets, End of Year $1,572,878 $1,319,637<br />
These condensed statements are derived from the audited financial statements for the year ended December 31,<br />
2011. A copy of the complete statement is on file and available at the the offices of <strong>Riverfront</strong> <strong>Recapture</strong>, Inc., 50<br />
Columbus Boulevard, Hartford, CT. <strong>Riverfront</strong> <strong>Recapture</strong>'s auditor is J.H. Cohn LLP.<br />
Impressive<br />
Results —With<br />
More to Come<br />
<strong>Riverfront</strong> <strong>Recapture</strong>’s plans<br />
include a riverwalk to connect<br />
downtown and Charter Oak<br />
Landing, including a new<br />
entrance to the <strong>Riverfront</strong> –<br />
restoring the Coltsville Historic<br />
District’s access to the river.<br />
Concurrently, the imaginative<br />
iQuilt plan envisions the <strong>Riverfront</strong><br />
as the eastern anchor of a<br />
network of arts and cultural<br />
assets and parks along a onemile<br />
Green Walk, from the river<br />
Hundreds of couples have begun<br />
their married lives at the <strong>Riverfront</strong><br />
Boathouse. For information about<br />
holding your wedding or other<br />
special event at the boathouse, visit<br />
riverfrontboathouse.com.
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