Financials

Aug 31, 2009		2008	2007
Assets
Current Assets
Cash & equivalents	119,983	321,191	17,931
Investments at market value	1,395,980	1,570.051	838,622
Accounts receivable	284,321	157,829	54,815
Note receivable	84,000	84,000	-
Prepaid expenses	-	4,363	2,793
Total Current Assets	1,884,284	2,208,434	914,161
Fixed Assets
Computer equipment	11,850	11,850	11,850
Machinery & office equipment	733	733	733
Furniture & fixtures	1,730	1,730	1,730
Accumulated depreciation	(12,644)	(12,287)	(11,561)
Total Fixed Assets	1,669	2,026	2,752
Non-Current Assets
Note receivable	750,565	772,633	-
Total Non-Current Assets	750,565	772,633	-
Other Assets
Security deposit	11,298	7,400	4,400
Artwork & other	8,550	8,550	8,550
Total Other Assets	19,848	15,950	12,950
Total Assets	2,656,366	2,999,043	929,863
Liabilities
Accounts payable	67,763	24,790	28,773
Insurance payable	234,030	131,268	39,342
Deferred dues	85,816	78,342	58,520
Total Liabilities	387,609	234,400	126,635
Net Assets
Unrestricted	1,154,217	1,395,168	48,271
Temporarily restricted	1,114,540	1,369,475	754,957
Total Net Assets	2,268,757	2,764,643	803,228
Total Liabilities & Net Assets	2,656,366	2,999,043	929,863

Unrestricted		Temp. Restr.	Total
Revenue
Membership dues	252,662	-	252,662
Program fees	353,793	-	353,793
Grants & contributions	445,774	3,545,269	3,991,043
Interest income	120,672	-	120,672
Investment income	(205,281)	-	(205,281)
Special event income	4,312	21,343	25,655
Net revenue from partnership	(17,927)	-	(17,927)
Released from restriction	3,821,547	(3,821,547)	-
Total Revenue	4,775,552	(254,935)	4,520,617
Expenses
Program services	4,832,345	-	4,832,345
Management & general	95,245	-	95,245
Fundraising	88,913	-	88,913
Total Expenses	5,016,503	-	5,016,503
Changes in Net Assets	(240,951)	(254,935)	(495,886)

Unrestricted		Temp. Restr.	Total
Revenue
Membership dues	195,819	-	195,819
Program fees	181,451	-	181,451
Grants & contributions	304,469	3,374,007	3,678,476
Interest income	128,834	-	128,834
Investment income	445,474	-	445,474
Gain on sale of partnership stake	833,499	-	833,499
Special event income	5,565	14,419	19,984
Net revenue from partnership	(64,149)	-	(64,149)
Released from restriction	2,773,908	(2,773,908)	-
Total Revenue	4,804,870	614,518	5,419,388
Expenses
Program services	3,267,787	-	3,267,787
Management & general	110,883	-	110,883
Fundraising	79,303	-	79,303
Total Expenses	3,457,973	-	3,457,973
Changes in Net Assets	1,346,897	614,518	1,961,415