
Past Financial Reviews
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 |
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 |
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 |
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) |
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 |
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) |
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 |
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 |
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 |
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 |
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 |
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) |