Table of Contents Message from the Chair Message from the President 2005 Grants List Financial Reports Program Guidelines Staff Board of Trustees  

BALANCE SHEET

 

ASSETS

  

2006

 

2005
 

CURRENTS ASSESTS

   
    Cash and cash equivalents  
$ 266,224
$ 145,785
    Interest receivable  
-
140,095
    Investments  
45,133,193
57,931,841
    Rental deposits  
37,360
37,360
    Other  

26,896

36,289
       

45,463,673

  

58,291,370
 

FIXED ASSETS

     
    Equipment  
144,964
144,964
    Furniture and fixtures  
99,431
99,431
    Leasehold improvements  
704,696
704,696
       
949,091
949,091
    Accumulated depreciation  
(693,2740)
(606,953)
       
255,817
342,138
    Total Assets  
$ 45,719,490
$ 58,633,508
       
 

LIABILITIES AND NET ASSETS

 
 

LIABILITIES

  
    Grants payable  
      Current  
$ 2,598,600
$ 3,451,655
      Long-term  
50,000
872,000
             
    Accounts payable  
48,834
80,422
    Payroll related liabilities  
-
             
    Federal excise tax  
      Current  
5,000
-
      Deferred  
82,131
87,024
    Total Liabilities  
2,784,565
4,491,101
    UNRESTRICTED NET ASSETS  
42,934,925
54,142,407
    Total Liabilities and Net Assets  

$ 45,719,490
$ 58,633,508
The accompanying notes to the financial statements are an integral part of these statements.