Supporting Los Angeles-based Good Works Since 1949

Financial Review

Statements of Consolidated Financial Position
Assets 2017 2016
Cash & Cash Equivalents $143,823 $845,213
Interest & Dividends Receivable 435 7
Receivable from Brokers 136,446 877,672
Investments, at fair value 185,054,881 166,239,096
Other Assets 37,630 53,615
Property and Equipment, net 11,547 872
Total Assets 185,384,762 168,016,475
Liabilities & Net Assets
Accounts payable to brokers and others $55,680 $58,066
Deferred excise tax liability 200,402 38,847
Contributions Payable, net 576,415 933,961
Total Liabilities 832,497 1,030,874
Net Assets:
Unrestricted 181,140,861 163,949,566
Temporarily Restricted 3,183,548 2,808,179
Permanently Restricted 227,856 227,856
Total Net Assets 184,552,265 166,985,601
Total Liabilities and Net Assets $185,384,762 $168,016,475
Consolidated Statement of Activities
Revenues, Gains and Other Support 1/1- 12/31/17 1/1- 12/31/16
Beginning Net Assets: 166,985,601 165,382,704
Ending Net Assets: 184,552,265 166,985,601
Grants Received 2,650 -
Interest 1,447,600 1,541,514
Dividends 2,189,529 1,977,395
Net realized and unrealized gains on investments 23,723,662 7,159,717
Other investment income (loss) 1,723,500 1,240,531
Total Revenues 29,086,941 11,919,157
Program Expense:    
Charitable Contributions 8,220,254 7,884,731
Program Administration Costs 793,224 761,114
Total Program Expense 9,013,478 8,645,845
General & Administration:    
Financial Counseling fees 1,984,197 1,321,117
Administration costs 253,709 245,458
Federal Excise tax expense 268,893 103,840
Total General and Administrative Expenses 2,506,799 1,670,415
Total Expenses 11,520,277 10,316,260
Change in net assets: 17,566,664 1,602,897