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Financials

 

Statement of Activities Fiscal Year Ending
June 30, 2012*		   Fiscal Year Ending
June 30, 2011*
       
Revenues      
Campaign Contributions - gross $25,679,766   $24,415,073
Uncollectible Contributions Allowance (799,489)   (781,130)
Contributions - net** $24,880,277   $23,633,943
       
Grants 858,676   481,666
Investment Income 62,899   22,649
Other 754,815   705,790
Total Revenue $26,556,667   $24,844,048
       
Expenses      
Community Investments & Services 16,910,829   15,768,119
Donor-Directed Contributions** 5,875,731   5,104,378
Administration & Fundraising 3,062,251   2,925,713
Total Expenses $25,848,811   $23,798,210
       
Change in Net Assets before Endowment $707,856   $1,045,838
Board-designated Endowment earnings distributed for spending*** 247,964   0
Increase/(Decrease) Endowment balance, after distribution*** (392,263)   1,324,150
Change in Net Assets after Endowment $563,557   $2,369,988

 

*  The audit of Fiscal Year 2011-12 financial statements is available here. The 2012 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, 2012*		   Fiscal Year Ending
June 30, 2011*
       
Assets      
Cash & Investments $9,518,826   $7,883,196
Contributions Receivable 10,019,070   11,540,270
Other Receivables 417,740   79,289
Land, Building and Equipment 3,175,352   3,300,653
Other Assets 54,132   49,749
Endowments 6,417,911   6,810,175
Total Assets $29,603,031   $29,663,332
       
       
Liabilities      
Payables to Agencies $1,472,459   $1,682,420
Other Payables 953,075   1,101,769
Refundable Advances 748,737   1,013,940
Total Liabilities $3,174,271   $3,798,129
       
Net Assets      
Unrestricted - designated by governing board**

Land, Building and Equipment

 $3,175,352   $3,300,653

Endowment Funds

 5,324,561   5,721,675
Unrestricted after designations** 8,737,543   6,303,018
Total Unrestricted $17,237,456   $15,325,346
       
Temporarily Restricted 8,097,954   9,456,506
Permanently Restricted 1,093,350   1,083,350
Total Net Assets $26,428,760   $25,865,202
       
Total Liabilities and Net Assets $29,603,031   $29,663,332
       

 

*  The audit of Fiscal Year 2011-12 financial statements is available here. The 2012 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 2011 the range was approximately $5,100,000 to $10,100,000. For 2012 the range was approximately $5,300,000 to $10,600,000.
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