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The Diversity Council website is hosted by
Charter Communications
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| Financial
Report |
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| Statement
of Activities and Changes in Net Assets |
| December
31, 2007 (unaudited) Audited financial
statements are available upon request. |
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| Public
support and revenue |
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|
Unrestricted |
Temporarily
Restricted |
Total |
|
United Way donations |
4,713.81 |
28,800.00 |
33,513.81 |
Government
contributions |
89,000.00 |
0.00 |
89,000.00 |
|
Foundation grants |
4,500.00 |
0.00 |
4,500.00 |
| Contributed
goods & services |
17,616.35 |
0.00 |
17,616.35 |
| Other
contributions |
1,495.62 |
0.00 |
1,495.62 |
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Corporate membership |
33.040.74 |
32,500.00 |
65,540.74 |
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Individual membership |
19,080.38 |
2,500.00 |
21,580.38 |
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Program fees |
30,347.69 |
0.00 |
30,347.69 |
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Interest income |
4,771.94 |
0.00 |
4,771.94 |
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Other revenue |
0.00 |
0.00 |
0.00 |
Net assets released from restriction due to
satisfaction of
restriction |
66,199.28 |
(66,199.28) |
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Total public support
and revenue |
270,765.81 |
(2,399.28) |
268,366.53 |
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| Expenses |
| Program
services |
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Celebrations |
7.969.02 |
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7,969.02 |
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Collaboration |
26,819.24 |
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26,819.24 |
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Communication |
29,588.73 |
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29,588.73 |
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Education |
143,795.93 |
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143,795.93 |
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Total program services |
208,172.92 |
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208,172.92 |
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| Support
services |
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Fundraising |
26,238.72 |
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26,238.72 |
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Management and
general |
32,225.12 |
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32,225.12 |
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Total support services |
58,463.84 |
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58,463.84 |
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Total expenses |
266,636.76 |
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266,636.76 |
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| Changes
in net assets |
4,129.05 |
(2,399.28) |
1,729.77 |
Net assets,
beginning
of year |
152,552.46 |
4,899.28 |
157,451.74 |
Net assets,
end
of year |
156,681.51 |
2,500.00 |
159,181.51 |
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| Statement
of Financial Position |
| December
31, 2007 (unaudited) Audited financial statements
are available upon request. |
| Assets |
| Current
assets |
| Cash |
148,817.64 |
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| Accounts
Receivable |
8,895.00 |
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| Prepaid
expenses |
1,771.29 |
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| Total
current assets |
159,483.93 |
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| Property
and equipment |
| Office
equipment |
38,647.80 |
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| Less
accumulated depreciation |
(31,038.89) |
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| Total
property and equipment |
7,563.91 |
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| Total
assets |
167,047.84 |
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| Liabilities
and net assets |
| Current
liabilities |
| Accounts
Payable |
2,820.86 |
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Accrued Payroll |
269.42 |
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Accrued Salaries &
Wages |
3,283.27 |
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| Total
current liabilities |
6,373.55 |
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| Long-term
liabilities |
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Copier lease |
1,492.78 |
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| Total
long-term liabilities |
1,492.78 |
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| Total
liabilities |
7,866.33 |
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| Net
assets |
| Unrestricted |
156,681.51 |
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| Temporarily
restricted |
2,500.00 |
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Total net
assets |
159,181.51 |
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| Total
liabilities and net assets |
167,047.84 |
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