mqt annual report--updated
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F I N A N C I A L S<br />
Marquette Community Foundation<br />
Statement of Financial Position<br />
December 31, 2006 and 2005<br />
December 31<br />
2006<br />
2005<br />
ASSETS<br />
CURRENT ASSETS<br />
Cash and cash equivalents<br />
Investment Securities<br />
Cash Surrender value of life insurance<br />
Pledges receivable-current portion<br />
Prepaid Expense<br />
376,300<br />
8,321,475<br />
204,994<br />
12,360<br />
0<br />
321,682<br />
7,134,580<br />
173,834<br />
21,272<br />
0<br />
PLEDGES RECEIVABLE, less current portion<br />
TOTAL CURRENT ASSETS<br />
TOTAL ASSETS<br />
8,975,129<br />
23,250<br />
8,938,379<br />
7,657,368<br />
43,325<br />
7,696,693<br />
LIABLILITIES AND NET ASSETS<br />
CURRENT LIABILITIES:<br />
Accounts payable<br />
Grants payable<br />
TOTAL CURRENT LIABILITIES<br />
729<br />
3,041<br />
3,770<br />
2,792<br />
9,083<br />
11,875<br />
NET ASSETS<br />
Unrestricted<br />
Temporarily restricted net assets<br />
TOTAL NET ASSETS<br />
6,716,291<br />
2,218,318<br />
8,934,609<br />
5,697,975<br />
1,986,843<br />
7,684,818<br />
TOTAL LIABILITIES AND NET ASSETS<br />
8,938,379 7,696,693<br />
We are honored to serve as responsible stewards of the gifts entrusted to us by our donors. To ensure that our assets are prudently managed<br />
while still providing enough income to meet our area’s needs well into the future, our finance committee guides all aspects of our<br />
foundation’s financial activities - from investment policies, banking practices, and accounting methods.
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