Supporting Los Angeles-based Good Works Since 1949

Past Financial Reviews

2014 Statements of Consolidated Financial Position
Assets 2014 2013
Cash & Cash Equivalents $980,032 1,378,384
Interest & Dividends Receivable 205,214 206,696
Receivable from Brokers 1,519,940 568,255
Investments, at fair value 175,450,697 180,568,947
Other Assets 50,005 28,727
Property and Equipment, net 3,631 4,492
Total Assets 178,209,519 182,755,501
Liabilities & Net Assets    
Accounts payable to brokers and others $253,584 718,254
Deferred excise tax liability 160,275 206,189
Contributions Payable, net 436,022 915,793
Total Liabilities 849,881 1,840,236
Net Assets:    
Unrestricted 174,170,461 177,661,768
Temporarily Restricted 2,961,321 3,025,641
Permanently Restricted 227,856 227,856
Total Net Assets 177,359,638 180,915,265
Total Liabilities and Net Assets $178,209,519 182,755,501
Consolidated Statement of Activities
Revenues, Gains and Other Support 1/1- 12/31/14 1/1- 12/31/13
Beginning Net Assets: 180,915,265 170,503,260
Ending Net Assets: 177,359,638 180,915,265
Interest 1,077,117 1,443,401
Dividends 2,386,692 1,878,220
Net realized gain/(loss) on investments 6,947,478 9,550,954
Net change in unrealized appreciation -4,591,378 3,300,126
Other investment income (loss) 1,473,550 5,588,890
Total Revenues 7,293,459 21,761,591
Program Expense:    
Charitable Contributions 8,183,129 8,514,204
Program Administration Costs 706,414 747,654
Total Program Expense 8,889,543 9,261,858
General & Administration:    
Financial Counseling fees 1,666,731 1,653,856
Administration costs 237,961 235,494
Federal Excise tax expense 54,851 198,378
Total General and Administrative Expenses 1,959,543 2,087,728
Total Expenses 10,849,086 11,349,586
Change in net assets: (3,555,627) 10,412,005
2013 Statements of Consolidated Financial Position
Assets 2013 2012
Cash & Cash Equivalents 1,378,384 4,204,525
Interest & Dividends Receivable 206,696 420,641
Receivable from Brokers 568,255 81,237
Investments, at fair value 180,568,947 167,176,330
Other Assets 28,727 48,572
Property and Equipment, net 4,492 11,062
Total Assets 182,755,501 171,942,367
Liabilities & Net Assets    
Accounts payable to brokers and others 718,254 429,124
Deferred excise tax liability 206,189 173,188
Contributions Payable, net 915,793 836,795
Total Liabilities 1,840,236 1,439,107
Net Assets:    
Unrestricted 177,661,768 167,446,659
Temporarily Restricted 3,025,641 2,828,745
Permanently Restricted 227,856 227,856
Total Net Assets 180,915,265 170,503,260
Total Liabilities and Net Assets 182,755,501 171,942,367
Consolidated Statement of Activities
Revenues, Gains and Other Support 1/1- 12/31/13 1/1- 12/31/12
Beginning Net Assets: 170,503,260 158,167,342
Ending Net Assets: 180,915,265 170,503,260
Interest 1,443,401 2,355,233
Dividends 1,878,220 1,969,283
Net realized gain/(loss) on investments 9,550,954 2,350,082
Net change in unrealized appreciation 3,300,126 13,202,349
Other investment income (loss) 5,588,890 3,559,713
Total Revenues 21,761,591 23,436,660
Program Expense:    
Charitable Contributions 8,514,204 8,302,892
Program Administration Costs 747,654 733,888
Total Program Expense 9,261,858 9,036,780
General & Administration:    
Financial Counseling fees 1,653,856 1,612,309
Administration costs 235,494 236,081
Federal Excise tax expense 198,378 215,572
Total General and Administrative Expenses 2,087,728 2,063,962
Total Expenses 11,349,586 11,100,742
Change in net assets: 10,412,005 12,335,918
2012 Statements of Consolidated Financial Position
Assets 2012 2011
Cash & Cash Equivalents 4,204,525 1,912,970
Interest & Dividends Receivable 420,641 440,300
Receivable from Brokers 81,237 73,209
Investments, at fair value 167,176,330 156,360,686
Other Assets 48,572 80,210
Property and Equipment, net 11,062 18,635
Total Assets 171,942,367 158,886,010
Liabilities & Net Assets    
Accounts payable to brokers and others 429,124 264,949
Deferred excise tax liability 173,188 41,904
Contributions Payable, net 836,795 411,815
Total Liabilities 1,439,107 718,668
Net Assets:    
Unrestricted 167,446,659 155,336,782
Temporarily Restricted 2,828,745 2,602,704
Permanently Restricted 227,856 227,856
Total Net Assets 170,503,260 158,167,342
Total Liabilities and Net Assets 171,942,367 158,886,010
Consolidated Statement of Activities
Revenues, Gains and Other Support 1/1- 12/31/12 1/1- 12/31/11
Beginning Net Assets: 158,167,342 167,309,285
Ending Net Assets: 170,503,260 158,167,342
Grants Received - 200,000
Interest 2,355,233 2,215,032
Dividends 1,969,283 2,057,134
Net realized gain/(loss) on investments 2,350,082 4,074,522
Net change in unrealized appreciation 13,202,349 (10,504,820)
Other investment income (loss) 3,559,713 2,166,093
Total Revenues 23,436,660 207,961
Program Expense:    
Charitable Contributions 8,302,892 7,055,694
Program Administration Costs 733,888 649,089
Total Program Expense 9,036,780 7,704,783
General & Administration:    
Financial Counseling fees 1,612,309 1,464,624
Administration costs 236,081 195,061
Federal Excise tax expense 215,572 (14,564)
Total General and Administrative Expenses 2,063,962 1,645,121
Total Expenses 11,100,742 9,349,904
Change in net assets: 12,335,918 (9,141,943)
2011 Statements of Consolidated Financial Position
Assets 2011 2010
Cash & Cash Equivalents 1,912,970 2,368,749
Interest & Dividends Receivable 440,300 438,337
Receivable from Brokers 73,209 60,941
Investments, at fair value 156,360,686 166,153,192
Other Assets 80,210 37,884
Property and Equipment, net 18,635 24,916
Total Assets 158,886,010 169,084,019
Liabilities & Net Assets    
Accounts payable to brokers and others 264,949 367,453
Deferred excise tax liability 41,904 146,264
Contributions Payable, net 411,815 1,261,017
Total Liabilities 718,668 1,774,734
Net Assets:    
Unrestricted 155,336,782 164,250,758
Temporarily Restricted 2,602,704 2,830,671
Permanently Restricted 227,856 227,856
Total Net Assets 158,167,342 167,309,285
Total Liabilities and Net Assets 158,886,010 169,084,019
Consolidated Statement of Activities
Revenues, Gains and Other Support 1/1- 12/31/11 1/1- 12/31/10
Beginning Net Assets: 167,309,285 155,486,956
Ending Net Assets: 158,167,342 167,309,285
Grants Received 200,000 -
Interest 2,215,032 2,070,695
Dividends 2,057,134 1,968,423
Net realized gain/(loss) on investments 4,074,522 8,542,351
Net change in unrealized appreciation (10,504,820) 6,700,719
Other investment income (loss) 2,166,093 2,609,325
Total Revenues 207,961 21,891,513
Program Expense:    
Charitable Contributions 7,055,694 7,586,186
General & Administration:    
Financial Counseling fees 1,464,624 1,512,754
Administration costs 844,150 767,960
Federal Excise tax expense (14,564) 202,284
Total Expenses 9,349,904 10,069,184
Change in net assets: (9,141,943) 11,822,329