P A T H W A Y S T O S U C C E S S | 2 0 1 0 - 2 0 1 1 P R E S I D E N T ’ S R E P O R T
Statements of Financial Position
JUNE 30, 2011 AND 2010
Assets: Cash and cash equivalents Restricted cash and cash equivalents Marketable securities Pledges receivable Land and building held for investment purpose Total assets
2011 $660,226 $1,930,948 $1,658,227 $105,524 $778,790 $5,133,715
2010 $349,045 $1,862,499 $1,452,982 $29,250 $778,790 $4,472,566
Liabilities and Net Assets: Accounts payable Total liabilities
2011 $5,900 $5,900
2010 $122 $122
Net Assets: Unrestricted Temporarily restricted Permanently restricted Total net assets Total net assets and liabilities
2011 $99,261 $1,364,137 $3,664,417 $5,127,815 $5,133,715
2010 $67,977 $1,086,486 $3,317,981 $4,472,444 $4,472,566
Statements of Activities
TOTA L A S S E T S July 1, 2010 - June 30, 2011 Permanently Restricted $3,664,417 Temporarily Restricted $1,364,137 Unrestricted $105,161 Total
$5,133,715 TOTAL R EVEN U ES Permanently Restricted $346,436 Temporarily Restricted $277,651 Unrestricted $269,739
YEARS ENDED JUNE 30, 2011 AND 2010
Revenues and gains: Contributions Golf tournament Special events Investment income Interest and dividends Total revenues and gains
2011 $449,934 $59,907 $31,481 $288,716 $63,788 $893,826
2010 $386,925 $58,315 $26,975 $105,630 $78,168 $656,013
Expenses: Program services Management and general Fundraising Total expenses Changes in net assets
2011 $167,629 $32,048 $38,778 $238,455 $655,371
2010 $384,918 $13,821 $42,482 $441,221 $214,792
Net assets: Beginning of year End of year
2011 $4,472,444 $5,127,815
2010 $4,257,652 $4,472,444
Total
$893,826 PR OGR AM SER VICES Special Purpose $103,600 Scholarships $28,129 Institutional Support $30,000 Innovation Grants $5,900 Total
$167,629