Financials

Statement of Activities for the Year Ended December 31, 2011

Unrestricted Temporarily
Restricted
Permanently
Restricted
2011
Total
Support and Revenue
Grants and contributions 5,376,746 2,265,875   - 7,642,621
Investment Income (74,614)   -   - (74,614)
Other 1,610   -   - 1,610
Net assets released from restrictions 982,291 (982,291)   -   -
Total Support and Revenue 6,286,033 6,286,033   – 7,569,617
Expenses
Program Services 5,517,693   -   - 5,517,693
Resource Development 448,237   -   - 448,237
General & administrative 470,072   -   - 470,072
Total Expenses 6,436,002   0   0 6,436,002
Change in net assets (149,969) 1,283,584   – 1,133,615
Net assets:
Beginning 2,464,536 354,498 156,668 2,975,702
Ending 2,314,567 1,638,082 156,668 4,109,317

Statement of Financial Position As of December 31, 2011
(With Comparative Totals for 2010)

2011 2010
ASSETS
Cash 4,810,186 3,278,713
Real Estate Security Deposit 27,273 27,273
Pledges & other receivables 822,828 267,530
Prepaid Expenses 28,768 34,336
Total Current Assets 5,689,055 3,607,852
Total Investments 2,124,234 2,203,932
Net Fixed Assets 277,168 110,568
Total Assets 8,090,457 5,922,352
LIABILITIES & NET ASSETS
Accounts & payroll taxes payable 142,051 83,490
Accrued salary & vacation expense 58,745 51,574
Deferred Rent 457,879 168,106
Refundable Advance 3,278,328 2,581,411
Capital Lease Obligations 44,137 62,063
Total Current Liabilities 3,981,140 2,946,644
Total Net Assets 4,109,317 2,975,708
Total Liabilities & Net Assets 8,090,457 5,922,352

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