Annual Report and Recognition Book - United Way of Greater Toledo
Annual Report and Recognition Book - United Way of Greater Toledo
Annual Report and Recognition Book - United Way of Greater Toledo
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<strong>United</strong> <strong>Way</strong><br />
Financials A<br />
52 | FINANCIALS<br />
complete copy <strong>of</strong> our audited financial statements, including Form<br />
990, is available online at www.unitedwaytoledo.org.<br />
UNITED WAY OF GREATER TOLEDO | STATEMENT OF FINANCIAL POSITION<br />
JUNE 30, 2011 AND 2010<br />
2011 2010<br />
Assets<br />
Cash <strong>and</strong> cash equivalents<br />
Pledges receivable, less allowance <strong>of</strong><br />
$1,457,307 $2,008,357<br />
$1,171,053 in 2011 <strong>and</strong> $1,271,981<br />
in 2010 for uncollectible pledges 4,951,645 4,711,243<br />
Grant, contract <strong>and</strong> other receivables 269,793 221,268<br />
Prepaid expenses <strong>and</strong> other assets 94,537 90,131<br />
Investments (Note 2) 18,226,576 17,577,038<br />
Bequest receivable (Note 3) 1,283,627 1,014,343<br />
Beneficial interest in perpetual trust (Note 3) 1,503,810 1,236,193<br />
Property <strong>and</strong> equipment<br />
L<strong>and</strong> <strong>and</strong> improvements 378,229 207,775<br />
Buildings 7,127,923 6,686,394<br />
Furniture <strong>and</strong> equipment 769,564 1,013,158<br />
Construction in process - 104,403<br />
8,275,716 8,011,730<br />
Less accumulated depreciation 860,687 826,082<br />
Net Property <strong>and</strong> Equipment 7,415,029 7,185,648<br />
Total Assets $35,202,324 $34,044,221<br />
Liabilities <strong>and</strong> net Assets<br />
Liabilities<br />
Lines <strong>of</strong> credit (Note 6) $3,757,661 $5,818,873<br />
Deferred revenue 35,298 22,163<br />
Accounts payable <strong>and</strong> other 411,114 454,510<br />
Retirement custodial fund 90,910 283,170<br />
Program allocations payable 7,871,521 7,417,612<br />
Designations payable (Note 1) 2,402,435 2,411,181<br />
Note payable (Note 6) 1,000,000 -<br />
Total Liabilities 15,568,939 16,407,509<br />
Net Assets<br />
Unrestricted 14,721,021 13,143,120<br />
Temporarily restricted (Note 4) 2,522,971 2,371,816<br />
Permanently restricted (Notes 4 <strong>and</strong> 10) 2,389,393 2,121,776<br />
Total Net Assets 19,633,385 17,636,712<br />
Total Liabilities <strong>and</strong> Net Assets $35,202,324 $34,044,221
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