Statements of Activities |
| |
2005 |
2006 |
|---|
| Changes in unrestricted net assets |
|
|
| Revenues |
|
|
| Contributions |
$280,954 |
$170,956 |
| Investment income and gains, net |
9,738,618 |
16,107,061 |
| Fundraising fees |
6,489,960 |
6,844,137 |
| Net assets released from restrictions |
35,325,057 |
36,026,544 |
| Total unrestricted revenues |
51,834,589 |
59,148,698 |
| Expenses |
|
|
| Children's Health Initiative grants |
46,345,057 |
35,665,544 |
| Children's Health Initiative oversight |
713,551 |
716,710 |
| Programs & Grants |
3,859,535 |
3,568,815 |
| Communication/Information Program |
1,216,696 |
1,251,297 |
| Administration |
767,519 |
984,265 |
| Development |
6,537,674 |
7,022,138 |
| Total Expenses |
59,440,032 |
49,208,769 |
| Change in unrestricted net assets |
(7,605,443) |
9,939,929 |
| Changes in temporarily restricted net assets |
|
|
| Contributions |
5,024,125 |
2,302,713 |
| Investment income and gains, net |
1,018,385 |
1,199,956 |
| Net assets released from restrictions |
(35,325,057) |
(36,026,544) |
| Change in temporarily restricted net assets |
(29,282,547) |
(32,523,872) |
| (Decrease) Increase in net assets |
(36,887,990) |
(22,583,943) |
| Total net assets, beginning of year |
234,693,558 |
197,805,568 |
| Total net assets, end of year |
$197,805,568 |
$175,221,625 |
| |
Statements of Financial Position |
| |
2005 |
2006 |
|---|
| Assets |
|
|
| Cash and cash equivalents |
10,190,525 |
22,699,154 |
| Children's Health Initiative pledges receivable |
65,700,327 |
34,000,000 |
| Pledges designated for others |
35,470,109 |
31,400,124 |
| Investments |
150,978,572 |
155,032,246 |
| Other assets |
192,450 |
112,772 |
| Total assets |
$262,531,983 |
$243,244,296 |
| Liabilities and net assets |
|
|
| Liabilities |
|
|
| Accounts payable and accrued expenses |
667,576 |
950,851 |
| Deferred rent |
315,652 |
141,885 |
| Grants payable |
|
|
| Community grants |
1,567,325 |
1,275,629 |
| Children's Health Initiative grants |
9,413,963 |
6,095,751 |
| Funds designated for others |
52,761,899 |
59,558,555 |
| Total liabilities |
$64,726,415 |
$68,022,671 |
| Commitments (Note 7) |
|
|
| Net assets |
|
|
| Unrestricted net assets |
|
|
| Undesignated |
5,505,599 |
3,252,756 |
| Designated as endowment |
90,760,665 |
102,953,437 |
| Unrestricted net assets |
96,266,264 |
106,206,193 |
| Temporarily restricted net assets |
101,539,304 |
69,015,432 |
| Total net assets |
197,805,568 |
175,221,625 |
| Total liabilities and net assets |
$262,531,983 |
$243,244,296 |
