R IVER E DGE FOUNDATION’ S Masquerade Ball & Silent Auction “ U NMASKING M ENTAL I LLNESS” FRIDAY, OCTOBER 5, 2018 FROM 6:00-11:00 PM MIDDLE GEORGIA STATE UNIVERSITY ROBERT F. HATCHER, SR., CONFERENCE CENTER Sponsorships and individual tickets are available. For more information: call 478-803-7800 or e-mail advancement@river-edge.org Thank you to our 2017 Sponsors: VENETIAN SPONSOR RENAISSANCE SPONSORS CARNIVAL SPONSORS
RIVER EDGE FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL POSITION River Edge Foundation year ending December 31, 2017 ASSETS Current assets Cash $ 2,505,117 Investments 1,182,309 Accounts receivable 1,393,082 Unconditional promises to give 967,156 Prepaid expenses 151,820 Total current assets 6,199,484 Capital assets Land 90,813 Building and equipment – net of accumulated depreciation 2,482,436 Total capital assets 2,573,249 Other assets Reserve deposits 69,665 Total other assets 69,665 Total assets $ 8,842,398 LIABILITIES AND NET ASSETS Liabilities Current liabilities Accounts payable $ 80,664 Accrued payroll and benefits 439,905 Due to River Edge Behavioral Health Center 1,392,858 Deferred revenue 500 Total current liabilities 1,913,927 Noncurrent liabilities Loan payable 1,528,646 Total liabilities 3,442,573 Net assets Unrestricted 4,345,531 Temporarily restricted 1,051,099 Permanently restricted 3,195 Total net assets 5,399,825 Total liabilities and net assets $ 8,842,398 CONSOLIDATED STATEMENT OF ACTIVITIES River Edge Foundation year ending December 31, 2017 Unrestricted Temporarily Permanently Restricted Restricted Total OPERATING GRANTS AND CONTRIBUTIONS Rental income $ 194,028 $ - $ - $ 194,028 Contracted services - payroll 7,584,526 - - 7,584,526 Contracted services - blight 2,690,481 - - 2,690,481 Federal grants 814,780 - - 814,780 Contributions 135,535 1,055,099 150 1,190,784 Investment income 142,790 - - 142,790 Other fees 4,621 - - 4,621 Sales 30,173 - - 30,173 Special events 29,247 - - 29,247 Net assets released from restrictions 24,528 (24,528) - - Total operating grants and contributions 11,650,709 1,030,571 150 $ 12,681,430 EXPENSES Program services 10,916,579 - - $ 10,916,579 Supports services: General and administrative 79,391 - - 79,391 Fundraising 296,349 - - 296,349 Total Expenses 11,292,319 - - 11,292,319 Change in Net Assets 358,390 1,030,571 150 1,389,111 Net Assets, Beginning 3,443,446 20,528 3,045 3,467,019 Prior Period Restatement 543,695 - - 543,695 Net Assets, Beginning, as Restated 3,987,141 20,528 3,045 4,010,714 Net Assets, Ending $ 4,345,531 $ 1,051,099 $ 3,195 $ 5,399,825 These statements are excerpted from the auditor’s report of the 2017 financial records of River Edge Foundation. The independent audit was performed by the certified accounting firm of Mauldin & Jenkins. To request a copy of the entire report, please call 478-803-7800. Georgia Behavioral Health Services, Inc. d/b/a River Edge Foundation Tax ID: 20-5794390 RIVER EDGE FOUNDATION | 2017 ANNUAL REPORT 15
Change language