Financials

 

Statement of Activities Fiscal Year Ending
June 30, 2013*
  Fiscal Year Ending
June 30, 2012*
       
Revenues      
Campaign Contributions - gross $26,725,198   $25,679,767
Uncollectible Contributions Allowance (780,791)   (799,490)
Contributions - net** $25,944,407   $24,880,277
       
Grants Income 1,011,915   858,676
Investment Income 19,487   62,899
Other 773,469   754,816
Total Revenue $27,749,278   $26,556,668
       
Expenses      
Community Investments & Services 17,297,420   16,910,828
Donor-Directed Contributions** 6,058,388   5,875,731
Administration & Fundraising 3,313,638   3,062,253
Total Expenses $26,669,446   $25,848,812
       
Change in Net Assets before Endowment $1,079,832   $707,856
Board-designated Endowment earnings distributed for spending*** --   247,964
Increase/(Decrease) Endowment balance, after distribution*** 633,101   (392,263)
Change in Net Assets after Endowment $1,712,933   $563,557

 

*  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, 2013*
  Fiscal Year Ending
June 30, 2012*
       
Assets      
Cash & Investments $10,298,928   $9,518,826
Contributions Receivable 10,330,198   10,019,070
Other Receivables 518,780   417,739
Land, Building and Equipment 3,029,376   3,175,352
Other Assets 63,845   54,132
Endowments 7,051,012   6,417,911
Total Assets $31,292,139   $29,603,030
       
       
Liabilities      
Payables to Agencies $898,678   $1,472,459
Other Payables 1,532,402   953,075
Refundable Advances 719,367   748,737
Total Liabilities $3,150,447   $3,174,271
       
Net Assets      
Unrestricted - designated by governing board**

Land, Building and Equipment

$3,029,376   $3,175,352

Endowment Funds

5,948,011   5,324,561
Unrestricted after designations** 9,931,008   8,737,542
Total Unrestricted $18,908,395   $17,237,455
       
Temporarily Restricted 8,139,747   8,097,954
Permanently Restricted 1,093,550   1,093,350
Total Net Assets $28,141,692   $26,428,759
       
Total Liabilities and Net Assets $31,292,139   $29,603,030
       

 

*  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 2012 the range was approximately $5,300,000 to $10,600,000. For 2013 the range was approximately $5,575,000 to $11,150,000.