Statements of Activities |
| |
2004 |
2003 |
|---|
| Changes in unrestricted net assets |
|
|
| Revenues |
|
|
| Contributions |
$730,204 |
$286,361 |
| Investment income and gains, net |
12,462,752 |
18,118,739 |
| Fundraising fees |
5,892,079 |
5,796,623 |
| Net assets released from restrictions |
40,411,104 |
32,443,490 |
| Total unrestricted revenues |
59,496,139 |
56,645,213 |
| Expenses |
|
|
| Children's Health Initiative grants |
38,358,496 |
28,724,690 |
| Other program activities |
3,423,134 |
2,993,800 |
| Grantmaking |
1,231,807 |
1,290,487 |
| Administration |
1,065,827 |
1,354,648 |
| Development |
6,117,501 |
5,969,478 |
| Total Expenses |
50,196,765 |
40,333,103 |
| Change in unrestricted net assets |
9,299,374 |
16,312,110 |
| Changes in temporarily restricted net assets |
|
|
| Contributions |
21,709,761 |
30,080,099 |
| Net assets released from restrictions |
(40,411,104) |
(32,443,490) |
| Change in temporarily restricted net assets |
(18,701,343) |
(2,363,391) |
| (Decrease) Increase in net assets |
(9,401,969) |
13,948,719 |
| Total net assets, beginning of year |
244,095,527 |
230,146,808 |
| Total net assets, end of year |
$234,693,558 |
$244,095,527 |
| |
Statements of Financial Position |
| |
2004 |
2003 |
|---|
| Assets |
|
|
| Cash and cash equivalents |
20,408,099 |
10,824,586 |
| Children's Health Initiative pledges receivable |
79,006,712 |
109,454,476 |
| Pledges designated for others |
35,736,657 |
44,144,436 |
| Investments |
172,767,267 |
154,453,147 |
| Investments held in trust |
7,483,388 |
5,696,467 |
| Furniture, fixtures and equipment, net |
203,500 |
321,637 |
| Prepaid expenses and other assets |
54,004 |
50,337 |
| Total assets |
$315,659,627 |
$324,945,086 |
| Liabilities and net assets |
|
|
| Liabilities |
|
|
| Accounts payable and accrued expenses |
1,166,326 |
622,711 |
| Deferred rent |
152,000 |
78,738 |
| Grants payable |
|
|
| Community grants |
1,364,221 |
1,834,081 |
| Children's Health Initiative grants |
12,640,918 |
3,915,603 |
| Funds designated for others |
65,642,604 |
74,398,426 |
| Total liabilities |
$80,966,069 |
$80,849,559 |
| Commitments |
|
|
| Net assets |
|
|
| Unrestricted net assets |
|
|
| Undesignated |
20,502,673 |
17,680,122 |
| Designated as endowment |
83,369,034 |
76,892,211 |
| Unrestricted net assets |
103,871,707 |
94,572,333 |
| Temporarily restricted net assets |
130,821,851 |
149,523,194 |
| Total net assets |
234,693,558 |
244,095,527 |
| Total liabilities and net assets |
$315,659,627 |
$324,945,086 |
