Financials

Statement of Financial Position

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

Statement of Activities FY2009

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)

Statement of Activities FY2008

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