Financials

 

Statement of Activities Fiscal Year Ending
June 30, 2014*
  Fiscal Year Ending
June 30, 2013*
       
Revenues      
Campaign Contributions - gross $27,5776,48   $26,725,198
Uncollectible Contributions Allowance (994, 821)   (780,791)
Contributions - net** $26,582,827   $25,944,407
       
Grants Income 1,037,617   1,011,915
Investment Income 44,994   19,487
Other 683,372   773,469
Total Revenue $28,348,810   $27,749,278
       
Expenses      
Community Investments & Services 17,910,135   17,297,420
Donor-Directed Contributions** 6,228,864   6,058,388
Administration & Fundraising 3,466,569   3,313,638
Total Expenses $27,605,568   $26,669,446
       
Change in Net Assets before Endowment $743,242   $1,079,832
Board-designated Endowment earnings distributed for spending*** --   --
Increase/(Decrease) Endowment balance, after distribution*** 1,750,004   633,101
Change in Net Assets after Endowment $2,493,246   $1,712,933

 

*  The current year Financial Audit and the associated 990 reports are not yet available. The audit of Fiscal Year 2012-13 financial statements is available here. The 2013 Form 990 is available here.

**  For audited financial reporting purposes donor-directed contributions are not included in expenses but are charged against contributions.
*** In audited financial reports the increase in the Board-designated endowment funds distributed for spending is combined with the Endowment Increase/(Decrease) after distribution. The total change in the endowment is presented in revenue in the Statement of Activities.

 

Statement of Financial Position Fiscal Year Ending
June 30, 2014*
  Fiscal Year Ending
June 30, 2013*
       
Assets      
Cash & Investments $10,259,564   $10,298,928
Contributions Receivable 11,477,598   10,703,778
Other Receivables 433,414   518,780
Land, Building and Equipment 52,798,226   3,029,376
Other Assets 90,911   63,845
Endowments 8,802,582   7,051,012
Total Assets $33,862,514   $31,665,719
       
       
Liabilities      
Payables to Agencies $1,350,582   $1,272,258
Other Payables 1,061,242   1,532,402
Refundable Advances 815,752   719,367
Total Liabilities $3,227,576   $3,524,027
       
Net Assets      
Unrestricted - designated by governing board**

Land, Building and Equipment

$2,798,226   $3,029,376

Endowment Funds

6,807,735   5,948,011
Unrestricted after designations** 9,317,195   9,931,008
Total Unrestricted $18,923,156   $18,908,395
       
Temporarily Restricted 9,895,422   8,139,747
Permanently Restricted 1,816,360   1,093,550
Total Net Assets $30,634,938   $28,141,692
       
Total Liabilities and Net Assets $33,862,514   $31,665,719
       
*  The current year Financial Audit and the associated 990 reports are not yet available. The audit of Fiscal Year 2012-13 financial statements is available here. The 2013 Form 990 is available here.
** To provide financial stability for the organization, the governing board established a guideline range for unrestricted net assets after designation. The range is based on three to six months of budgeted program and operating expenses for the next fiscal year. For 2013 the range was approximately $5,300,000 to $10,600,000. For 2014 the range was approximately $5,600,000 to $11,200,000.