 |
 |
|
Statement of Financial Position
June 30, 2004
(Unaudited)
| ASSETS |
|
 |
Cash and equivalents |
$ 1,865,410 |
|
Investments, at fair value |
7,867,048 |
|
Other Assets |
–
 |
| TOTAL ASSETS |
$9,732,458
 |
LIABILITIES AND NET ASSETS |
| LIABILITIES: |
|
| |
Accounts payable and accrued liabilities |
$66,892 |
| |
Grants payable |
275,000 |
| Total Liabilities |
341,892
|
| NET ASSETS: |
|
| Unrestricted |
9,390,566
|
|
|
|
| TOTAL LIABILITIES AND ASSETS |
$9,732,458
|
Statement of Activities and Changes in Net Assets
Year ended June 30, 2004
(Unaudited)
| REVENUES AND SUPPORT |
|
| Contributions |
$ – |
| Net realized and unrealized gains on investments |
1,194,268 |
| Investment income |
232,114 |
| Total revenues and support |
1,426,382
|
EXPENSES |
|
| Program services: |
|
| |
Grant expenses |
1,665,474 |
| |
Other program expenses |
772,603 |
| Management and general |
252,341 |
| Total expenses |
2,690,418
|
DECREASE IN NET ASSETS |
(1,264,036) |
NET ASSETS, BEGINNING OF YEAR |
10,654,602
|
NET ASSETS, END OF YEAR |
$9,390,566
|
|
|
|
|
|
|
|
