Supporting Los Angeles-based Good Works Since 1949

Financial Review

Statements of Consolidated Financial Position
Assets 2015 2014
Cash & Cash Equivalents $323,553 980,032
Interest & Dividends Receivable 1,763 205,214
Receivable from Brokers 1,672,889 1,519,940
Investments, at fair value 164,443,987 175,450,697
Other Assets 33,696 50,005
Property and Equipment, net 1,511 3,631
Total Assets 166,477,399 178,209,519
Liabilities & Net Assets    
Accounts payable to brokers and others $182,800 253,584
Deferred excise tax liability 32,765 160,275
Contributions Payable, net 879,130 436,022
Total Liabilities 1,094,695 849,881
Net Assets:    
Unrestricted 162,447,335 174,170,461
Temporarily Restricted 2,707,513 2,961,321
Permanently Restricted 227,856 227,856
Total Net Assets 165,382,704 177,359,638
Total Liabilities and Net Assets $166,477,399 $178,209,519
Consolidated Statement of Activities
Revenues, Gains and Other Support 1/1- 12/31/15 1/1- 12/31/14
Beginning Net Assets: 177,359,638 180,915,265
Ending Net Assets: 165,382,704 177,359,638
Grants Received - -
Interest 1,944,584 1,077,117
Dividends 2,214,844 2,386,692
Net realized gain/(loss) on investments 5,969,184 6,947,478
Net change in unrealized appreciation (12,750,879) -4,591,378
Other investment income (loss) 2,085,782 1,473,550
Total Revenues (536,485) 7,293,459
Program Expense:    
Charitable Contributions 8,871,469 8,183,129
Program Administration Costs 713,508 706,414
Total Program Expense 9,584,977 8,889,543
General & Administration:    
Financial Counseling fees 1,625,310 1,666,731
Administration costs 248,703 237,961
Federal Excise tax expense (18,541) 54,851
Total General and Administrative Expenses 1,855,472 1,959,543
Total Expenses 11,440,449 10,849,086
Change in net assets: (11,976,934) (3,555,627)