Financial Statements Statements of Financial Position (audited)
STATEMENTS OF ACTIVITIES (audited)
Dec. 31, 2011 and 2010
For the Years Ended Dec. 31, 2011 and 2010
2011
2010
2011 Assets Revenue, Gains, and Support Cash $619,847 $988,392 Gifts and Bequests $1,517,225 Investments 90,004,204 91,993,806 Investment Income (Net) 13,594 Interest and Dividends Receivable 11,307 5,245 Other Income 0 Loans Receivable 20,575 31,308 Total Revenue, Gains, and Support $1,530,819 Promises to Give 0 46,640 Charitable Remainder Trust 111,813 129,083 Expenses Property, Net 41,698 28,873 Program Services Other Current Assets 168,774 152,240 Grants Approved 3,282,421 Total Assets $90,978,218 $93,375,587 Program Sponsored Initiatives 99,127 Supporting Services Liabilities Management and General 963,214 Grants Payable $1,408,228 $1,195,074 Total Expenses 4,344,762 Accounts Payable and Accrued Expenses 73,653 105,512 Other Liabilities 7,552 8,353 Increase (Decrease) in Net Assets -2,813,943 Agency Funds 4,212,777 3,976,697 Total Liabilities 5,702,210 5,285,636 Net Assets, Beginning of Year 88,089,951 Net Assets 85,276,008 88,089,951 Net Assets, End of Year $85,276,008 Total Liabilities and Net Assets $90,978,218 $93,375,587
2010
$1,271,294 11,695,971 105,424 $13,072,689
2,999,818 46,373 985,075 4,031,266 9,041,423 79,048,528 $88,089,951
Statements audited by D’Arcangelo & Co. LLP. A copy of the last financial report and information returns (form 990, 990T when applicable, and CHAR 500) can be obtained by contacting The Foundation office or by written request to the Office of the Attorney General, Department of Law, Charities Bureau, 120 Broadway, New York, NY 10271
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