T H E C A R M E L F O U N D A T I O N
T H E C A R M E L F O U N D A T I O N
T H E C A R M E L F O U N D A T I O N
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Income<br />
Split Interest Agreements<br />
4%<br />
Realized Gain<br />
2%<br />
Unrealized Gain<br />
28%<br />
Programs<br />
15%<br />
Other Income<br />
1%<br />
Summary Financial Information for the Year Ending June 30, 2011<br />
Grants<br />
4% Membership<br />
7%<br />
Donations<br />
18%<br />
Bequests<br />
15%<br />
Interest & Dividends<br />
6%<br />
Statement of Activities<br />
July 1, 2010-June 30,2011<br />
Revenue<br />
Grants $ 145,988<br />
Membership $ 235,782<br />
Donations $ 629,757<br />
Bequests $ 522,305<br />
Interest & Dividends $ 188,423<br />
Other Income $ 41,221<br />
Total<br />
Securities Gain & Loss<br />
$ 1,763,476<br />
Unrealized Gain (Loss) $ 944,624<br />
Realized Gain (Loss) $ 75,572<br />
Total $ 1,020,196<br />
Charitable Remainder Trusts (CRTS) / $ 137,000<br />
Split Interest Agreements<br />
Programs & Misc Income $ 496,581<br />
Total Revenues $ 3,417,253<br />
Expenses<br />
Housing $ 584,372<br />
Support Services $ 310,566<br />
Activities & Classes $ 401,354<br />
Lunch Program $ 320,390<br />
Transportation $ 135,558<br />
Fundraising & Development $ 322,202<br />
General & Administrative $ 381,966<br />
Total Expenses $ 2,456,408<br />
Change in Net Assets from Operations $ 960,844<br />
Net Assets, Beginning of Fiscal Year $ 13,012,400<br />
Net Assets, End of Fiscal Year $ 13,973,244<br />
Expenses<br />
Fundraising & Development<br />
13%<br />
General & Administrative<br />
16%<br />
Programs<br />
71%<br />
Summarized Statement of Financial Position<br />
June 30, 2011<br />
Assets<br />
Cash & Other Liquid Assets $ 270,420<br />
Receivables<br />
Accounts Receivable $ 8,245<br />
Bequest Receivable $ 352,075<br />
Split Interest Agreements $ 845,000<br />
Accrued Interest & Dividends $ 15,726<br />
Prepaid Expenses $ 28,297<br />
Total $ 1,249,343<br />
Investments (at Market) $ 6,630,401<br />
Total Currents Assets $ 8,150,164<br />
Long Term Assets<br />
Land Lease (Norton Ct) $ 1,000,000<br />
Land/Bldg/Equip Net $ 5,384,835<br />
Total Long Term Assets $ 6,384,835<br />
Total Assets $ 14,534,999<br />
Liabilities & Fund Balance<br />
Liabilities<br />
Accounts Payable $ 47,204<br />
Accrued Wages & Vacation $ 58,869<br />
Payroll Taxes Payable $ 4,460<br />
Advance Deposit $ 29,220<br />
Line of Credit (S/T) $ 422,000<br />
Total Liabilities $ 561,753<br />
Fund Balance<br />
Unrestricted $ 10,715,930<br />
Temporarily Restricted $ 2,001,844<br />
Permanently Restricted $ 1,255,470<br />
Total Net Assets $ 13,973,244<br />
Total Liabilities & Net Assets $ 14,534,997<br />
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