STATEMENT OF FINANCIAL POSITION
June 30, 2003 (With summarized financial information for June 30,2002) |
|
|
|
| |
2003 |
2002 |
|
Cash and cash equivalents |
$ 1,329,704 |
$ 718,833 |
|
Accounts receivable |
9,165 |
- |
|
Deposits & prepaid expenses |
358 |
358 |
|
Office equipment (net of accumulated depreciation of $4,325 and $2,655 in 2003 and 2002 respectively) |
1,722 |
808 |
|
Long-term investments |
386,510 |
372,451 |
|
Total assets |
1,727,459 |
$ 1,092,450 |
| LIABILITIES AND NET ASSETS
|
|
Accounts payable and accrued expenses |
38,023 |
$ 15,931 |
|
Amounts designated by donors for specific organizations |
- |
14,,841 |
|
Total liabilities |
$ 38,023 |
$ 30,772 |
| Net assets: |
|
|
| Unrestricted: |
|
|
|
General |
87,892 |
1,117 |
|
Discretionary donor-advised |
1,031,234 |
583,344 |
| |
1,119,126 |
584,461 |
|
Temporarily restricted |
201,321 |
117,949 |
|
Permanently restricted |
368,989 |
359,268 |
|
Total net assets |
1,689,436 |
1,061,678 |
|
Total liabilities and net assets |
$ 1,727,459 |
$ 1,092,450 |
|
|
|
|
