STATEMENT
OF FINANCIAL ACTIVITIES
REVENUE
AND SUPPORT: |
|
2009 |
2010 |
| |
|
|
|
| Contributions |
|
953,948 |
1,188,757 |
| Donations - in-kind |
|
8,000 |
0 |
| Investment
income |
|
424,763 |
397,906 |
| Realized gain(loss)
on sale of investments |
|
(1,055,394) |
977,553 |
| Unrealized
gain(loss) on investments |
|
6,181,980 |
1,642,888 |
| Other
revenue |
|
21,199 |
25,698 |
| Total
revenue and support |
|
$ 6,534,496 |
$ 4,232,802 |
| |
|
|
|
EXPENSES: |
|
|
|
| |
|
|
|
|
Program services |
|
$1,257,297 |
$1,114,927 |
|
Supporting services-Management & general |
|
285,464 |
177,899 |
| Fundraising expenses |
|
27,999 |
51,812 |
|
Total Expenses |
|
$ 1,570,760 |
$ 1,344,638 |
| |
|
|
|
| Net Change in All Funds |
|
4,963,736 |
2,888,164 |
| |
|
|
|
| Change
in Agency Endowment Funds |
|
(259,351) |
(883,124) |
| |
|
|
|
| Change in Net Assets |
|
4,704,385 |
2,005,040 |
| Net Assets - BEGINNING OF YEAR |
|
19,294,384 |
23,998,769
|
| Net Assets - END OF YEAR |
|
$
23,998,769 |
$
26,003,809 |
| |
|
|
|
| |
The Finance Committee of the Foundation Board of Directors is responsible for overseeing the investment of our assests. The names of investment managers and fees charged are available upon request from our office. DCCF By-laws, conflict of interest policy, full Audited Financial Statements and our IRS Form 990 are also available in the Foundation office. |
|
