|
City Bar Fund
Statement of Financial Position
As of April 30, 2008
| ASSETS |
|
| Cash and cash equivalents |
|
| Investments |
4,926,942 |
| Pledges receivable |
735,388 |
| Other receivables and current assets |
42,392 |
| Property and equipment, net |
18,539
|
| Library books and works of art |
1
 |
| |
|
 Total
assets |
 |
| |
|
| LIABILITIES AND NET ASSETS |
|
| Liabilities: |
|
| Accounts
payable and accrued expenses |
| $ |
408,103
|
|
| |
|
| Net assets: |
|
| Unrestricted |
|
| Undesignated,
available for general operations |
1,148,788
|
| Board–designated
endowment fund |
2,556,427
|
| |
3,705,215 |
| |
|
| Temporarily
restricted |
1,534,408 |
| Permanently
restricted |
702,101
|
| |
|
| Total
net assets |
5,941,724
|
| |
|
| TOTAL
LIABILITIES AND NET ASSETS |
|
|
Statement of Activities
Year Ended April 30, 2008
| |
Unrestricted Funds |
Temporarily Restricted Funds |
Permanently Restricted Funds |
Total Funds |
| Revenues and other support: |
|
|
|
|
| Contributions
and grants |
|
|
|
|
| Donated Services |
|
|
|
|
| Net
investment income(loss) |
15,122 |
(27,252) |
- |
(12,130) |
| Other
income |
-
|
48,470
|
-
|
48,470
|
| Special
events revenue |
694,894
|
-
|
-
|
694,894
|
| |
|
|
|
|
| Total revenues and other support before net
assets released from restrictions |
1,189,777
|
2,406,726
|
-
|
3,596,503
|
| |
|
|
|
|
| Net assets released from restrictions: |
|
|
|
|
| Satisfaction
of program restrictions: |
|
|
|
|
| Education
and research |
797,941 |
(797,941) |
- |
- |
| Capital project |
630,534 |
(630,534) |
- |
- |
| Community
outreach and services |
1,621,442
|
(1,621,442)
|
-
|
-
|
| |
|
|
|
|
Total net assets released from
restrictions |
3,049,917
|
(3,049,917)
|
-
|
-
|
| |
|
|
|
|
| Total revenues and other support |
4,239,694
|
(643,191)
|
-
|
3,596,503
|
| |
|
|
|
|
| Expenses: |
|
|
|
|
| Program
activities: |
|
|
|
|
| Education
and research |
857,941 |
- |
- |
857,941 |
| Community
outreach and services |
2,471,660 |
- |
- |
2,471,660 |
| Grant made for capital project |
630,534
|
-
|
-
|
630,534
|
| Total
Program Expenses |
3,960,135 |
- |
- |
3,960,135 |
| |
|
|
|
|
| Fund-raising |
236,687 |
- |
- |
236,687 |
| General
and administrative |
123,247
|
-
|
-
|
123,247
|
| |
|
|
|
|
| Total expenses |
4,320,069
|
-
|
-
|
4,320,069
|
| |
|
|
|
|
| Change in net assets |
(80,375) |
(643,191) |
- |
(723,566) |
| Net assets – beginning of year |
3,785,590
|
2,177,599
|
702,101
|
6,665,290
|
| |
|
|
|
|
| Net assets – end of year |
|
|
|
|
|
|
|
|
 |
 |
|
|
