Page 11 - 2013 Foundation Annual Report
P. 11

STATEMENT OF FINANCIAL POSITION
ASSETS
June 30, 2013
July 1, 2012
$177,465 $1,018,290
$377,726 $2,716 $2,633 $1,578,830
$6,405
$6,405 $6,405
$188,173 $504,507 $879,745 $1,572,425 $1,578,830
A Investments on deposit with the CCCSE (Osher) Endowment Fund.
1 Includes Development
Fund, Astounding Inventions, Foundation Awards Dinner and Golf Tournament accounts.
2 Temporary Restricted Funds are established and maintained with contributions that have donor-imposed restrictions or are contributions solicited for a restricted purpose.
3 All accounts set up as endowments earn interest and require a minimum balance of $5,000.
Cash and cash equivalents $402,983 Investments $1,140,772 Investments with the Foundation for California
Community Colleges A Accounts receivable Prepaid expenses
Total assets
LIABILITIES AND NET ASSETS Liabilities
Current liabilities
Accounts payable
Accrued liabilities
Total current liabilities Total liabilities
Net assets
$398,237 $755 $12,751 $1,955,498
$174,502 $424 $174,926 $174,926
Unrestricted1 $287,702
Temporarily restricted2 Permanently restricted3
Total net assets
Total liabilities and net assets
$553,165 $939,705 $1,780,572 $1,955,498
INCOME 2012-13
Contributions Support Revenue
Total
Revenue
17%
$1,147,781 $238,091 $1,385,872
EXPENSES 2012-13
Program Services/Contributed to College $541,203 Scholarships $324,058
Management and General Fundraising
Total
Fundraising
10%
$197,093
$115,371
$1,177,725
Contributions Support
83%
Program Services/ Contributed to College
Scholarships
46% 27%
Management and General
17%
11


































































































   9   10   11   12   13