Statements of Activities |
| |
2004 |
2005 |
|---|
| Changes in unrestricted net assets |
|
|
| Revenues |
|
|
| Contributions |
$730,204 |
$280,954 |
| Investment income and gains, net |
12,462,752 |
9,738,618 |
| Fundraising fees |
5,892,079 |
6,489,960 |
| Net assets released from restrictions |
40,411,104 |
35,325,057 |
| Total unrestricted revenues |
59,496,139 |
51,834,589 |
| Expenses |
|
|
| Children's Health Initiative grants |
38,358,496 |
46,345,057 |
| Children's Health Initiative oversight |
700,062 |
713,551 |
| Programs & Grants |
3,192,941 |
3,859,535 |
| Communication/Information Program |
958,840 |
1,216,696 |
| Administration |
868,925 |
767,519 |
| Development |
6,117,501 |
6,537,674 |
| Total Expenses |
50,196,765 |
59,440,032 |
| Change in unrestricted net assets |
9,299,374 |
(7,605,443) |
| Changes in temporarily restricted net assets |
|
|
| Contributions |
21,709,961 |
5,024,125 |
| Investment income and gains, net |
- |
1,018,385 |
| Net assets released from restrictions |
(40,411,104) |
(35,325,057) |
| Change in temporarily restricted net assets |
(18,701,343) |
(29,282,547) |
| (Decrease) Increase in net assets |
(9,401,969) |
(36,887,990) |
| Total net assets, beginning of year |
244,095,527 |
234,693,558 |
| Total net assets, end of year |
$234,693,558 |
$197,805,568 |
| |
Statements of Financial Position |
| |
2004 |
2005 |
|---|
| Assets |
|
|
| Cash and cash equivalents |
20,408,099 |
10,190,525 |
| Children's Health Initiative pledges receivable |
79,006,712 |
65,700,327 |
| Pledges designated for others |
35,736,657 |
35,470,109 |
| Investments |
180,250,655 |
150,978,572 |
| Furniture, fixtures and equipment, net |
203,500 |
146,740 |
| Prepaid expenses and other assets |
54,004 |
45,710 |
| Total assets |
$315,659,627 |
$262,531,983 |
| Liabilities and net assets |
|
|
| Liabilities |
|
|
| Accounts payable and accrued expenses |
1,166,326 |
667,576 |
| Deferred rent |
152,000 |
315,652 |
| Grants payable |
|
|
| Community grants |
1,364,221 |
1,567,325 |
| Children's Health Initiative grants |
12,640,918 |
9,413,963 |
| Funds designated for others |
65,642,604 |
52,761,899 |
| Total liabilities |
$80,966,069 |
$64,726,415 |
| Commitments (Note 7) |
|
|
| Net assets |
|
|
| Unrestricted net assets |
|
|
| Undesignated |
20,502,673 |
5,505,599 |
| Designated as endowment |
83,369,034 |
90,760,665 |
| Unrestricted net assets |
103,871,707 |
96,266,264 |
| Temporarily restricted net assets |
130,821,851 |
101,539,304 |
| Total net assets |
234,693,558 |
197,805,568 |
| Total liabilities and net assets |
$315,659,627 |
$262,531,983 |
