Supporting Los Angeles-based Good Works Since 1949

Financial Review

Statements of Consolidated Financial Position
Assets 2016 2015
Cash & Cash Equivalents $845,213 $323,553
Interest & Dividends Receivable 7 1,763
Receivable from Brokers 877,672 1,672,889
Investments, at fair value 166,239,096 164,443,987
Other Assets 53,615 33,696
Property and Equipment, net 872 1,511
Total Assets 168,016,475 166,477,399
Liabilities & Net Assets
Accounts payable to brokers and others $58,066 $182,800
Deferred excise tax liability 38,847 32,765
Contributions Payable, net 933,961 879,130
Total Liabilities 1,030,874 1,094,695
Net Assets:
Unrestricted 163,949,566 162,447,335
Temporarily Restricted 2,808,179 2,707,513
Permanently Restricted 227,856 227,856
Total Net Assets 166,985,601 165,382,704
Total Liabilities and Net Assets $168,016,475 $166,477,399
Consolidated Statement of Activities
Revenues, Gains and Other Support 1/1- 12/31/16 1/1- 12/31/15
Beginning Net Assets: 165,382,704 177,359,638
Ending Net Assets: 166,985,601 165,382,704
Grants Received - -
Interest 1,541,514 1,944,584
Dividends 1,977,395 2,214,844
Net realized and unrealized gains on investments 7,159,717 (6,781,695)
Other investment income (loss) 1,240,531 2,085,782
Total Revenues 11,919,157 (536,485)
Program Expense:  
Charitable Contributions 7,884,731 8,871,469
Program Administration Costs 761,114 713,508
Total Program Expense 8,645,845 9,584,977
General & Administration:  
Financial Counseling fees 1,321,117 1,625,310
Administration costs 245,458 248,703
Federal Excise tax expense 103,840 (18,541)
Total General and Administrative Expenses 1,670,415 1,855,472
Total Expenses 10,316,260 11,440,449
Change in net assets: 1,602,897 (11,976,934)