Financials – 2012

Statement of Activities for the Year Ended December 31, 2012

Unrestricted Temporarily
Restricted
Permanently
Restricted
2012 Total
Support and Revenue
Grants and contributions 5,137,307 1,025,450   - 6,162,757
Investment Income 138,536   -   - 138,536
Other 420   -   - 420
Net assets released from restrictions 2,178,831 (2,178,831)   -  2,178,831
Total Support and Revenue 7,455,094 (1,153,381)   – 6,301,713
Expenses
Program Services 6,184,860   -   - 6,184,860
Resource Development 477,516   -   - 477,516
General & administrative 499,278   -   - 499,278
Total Expenses 7,161,654   0   0 7,161,654
Change in net assets 293,440 (1,153,381)   – (859,941)
Net assets:
Beginning 2,314,567  1,638,082 156,668  4,109,317
Ending $2,608,007  $484,701 $156,668  $3,249,376

Balance Sheet As of December 31, 2012
(With Comparative Totals for 2011)

Assets 2012 2011
Cash & Cash Equivalents
Unrestricted $1,554,346 $2,389,616
Restricted 316,324 2,538,652
Investments 2,257,918 2,124,234
Prepaid Expenses 50,292 59,619
Promises to Give Property & Equipment 257,700 277,168
Net $4,674,364 $8,090,457
Refundable Advances 718,246 3,278, 328
Capital Lease Obligation 25,836 44,137
Deferred Rent 491,518 457,879
  $1,424,988 $3,981,140
Net Assets
Unrestricted
Undesignated 808,507 515,067
Board Designated 1,799,500 1,799,500
Temporarily Restricted 484,701 1,638,082
Permanently Restricted 156,668 156,668
3,249,376 4,109,317
$4,674,364 $8,090,457

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