Protestant Episcopal Church Council of the Diocese of Texas (An Instrumentality of the Protestant Episcopal Church in the Diocese of Texas) Statement of Activities for the year ended December 31, 2009
UNRESTRICTED
TEMPORARILY RESTRICTED
PERMANENTLY RESTRICTED
TOTAL
REVENUE: Contributions Net loss in value of properties held for sale Change in value of beneficial interest in a trust Support from related entities Investment return (Note 4) Interest on notes receivable Other Total revenue Net assets released from restrictions: Participating funds Diocesan properties Total
$
17,000 (316,000)
$
133,015
$
174,874 32,139 727,088 112,843 44,774 617,844 968,598 196,110 1,782,552
1,572,586
1,880,475
$
326,314
150,015 (316,000) 174,874 32,139 2,625,988 112,843 44,774
326,314
2,824,633
326,314
2,824,633
(968,598) (196,110) 715,767
EXPENSES: Program services: Grants to related entities Property costs for related entities Total program services Supporting services: Management and general Investment management and custodial fees Total expenses CHANGES IN NET ASSETS Net assets, beginning of year Net assets, end of year
959,510 492,181
959,510 492,181
1,451,691
1,451,691
303,372 92,506
303,372 92,506
1,847,569
1,847,569
(65,017)
715,767
326,314
977,064
12,162,094
9,967,632
1,985,562
24,115,288
$ 12,097,077
$ 10,683,399
$ 2,311,876
$ 25,092,352
See accompanying notes to financial statements.
95