Supporting Los Angeles-based Good Works Since 1949

Financial Review

Statements of Consolidated Financial Position
Assets20172016
Cash & Cash Equivalents$143,823$845,213
Interest & Dividends Receivable4357
Receivable from Brokers136,446877,672
Investments, at fair value185,054,881166,239,096
Other Assets37,63053,615
Property and Equipment, net11,547872
Total Assets185,384,762168,016,475
Liabilities & Net Assets
Accounts payable to brokers and others$55,680$58,066
Deferred excise tax liability200,40238,847
Contributions Payable, net576,415933,961
Total Liabilities832,4971,030,874
Net Assets:
Unrestricted181,140,861163,949,566
Temporarily Restricted3,183,5482,808,179
Permanently Restricted227,856227,856
Total Net Assets184,552,265166,985,601
Total Liabilities and Net Assets$185,384,762$168,016,475
Consolidated Statement of Activities
Revenues, Gains and Other Support1/1- 12/31/171/1- 12/31/16
Beginning Net Assets:166,985,601165,382,704
Ending Net Assets:184,552,265166,985,601
Grants Received2,650
Interest1,447,6001,541,514
Dividends2,189,5291,977,395
Net realized and unrealized gains on investments23,723,6627,159,717
Other investment income (loss)1,723,5001,240,531
Total Revenues29,086,94111,919,157
Program Expense:  
Charitable Contributions8,220,2547,884,731
Program Administration Costs793,224761,114
Total Program Expense9,013,4788,645,845
General & Administration:  
Financial Counseling fees1,984,1971,321,117
Administration costs253,709245,458
Federal Excise tax expense268,893103,840
Total General and Administrative Expenses2,506,7991,670,415
Total Expenses11,520,27710,316,260
Change in net assets:17,566,6641,602,897