Supporting Los Angeles-based Good Works Since 1949

Past Financial Reviews

2017 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

2016 Statements of Consolidated Financial Position
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

Consolidated Statement of Activities
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)

2015 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)

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)