Financial Statements

Statement of Financial Position

Year end December 31

20152014
ASSETS
Cash and cash equivalents188,533280,987
Other receivable 955,634
Prepaid expenses 14021,628
Note Receivable (Note 3) -179,261
Investments, at fair value (Notes 5 & 6)56,030,00161,273,250
Property and equipment, net (Note 7) 20,16734,894
Other assets11,69416,694
Program Related Investment (Note 4)35,00035,000
Intangible assets23,63123,631
TOTAL ASSETS56,309,26161,870,979
LIABILITIES
Accounts payable and accrued expenses46,48552,713
Grants payable1,415,0003,000
Excise Tax Payable16,08044,255
Deferred federal excise tax (Note 10) -36,712
TOTAL LIABILITIES 1,477,565136,680
NET ASSETS
Unrestricted54,831,69661,734,299
TOTAL LIABILITIES AND UNRESTRICTED NET ASSETS56,309,26161,870,979

Statement of Activities

Year end December 31

20152014
Interest and Dividends1,106,6001,078,056
Realized gains on investments1,392,9803,786,076
Unrealized/gains (losses) on investments(2,126,762)(2,081,236)
Other investment income /(loss) (24,638)36,955
Custodial and management fees(162,053)(119,337)
Other investment expenses (905,978)(572,730)
Net investment income /(loss) before provision for federal excise tax(719,851)2,127,784
Provision for federal excise taxes 4,886(47,741)
Net investment income/(loss)(714,965)2,080,043
EXPENSES
Program Services
Grants5,163,1503,342,570
Grants Management444,138388,140
Philanthropic community and public relations166,052167,524
Total program services5,773,3403,898,234
Supporting services
Board meetings and support243,686200,737
General administration170,612161,751
Total supporting services 414,298362,488
TOTAL EXPENSES6,187,6384,260,722
Change in unrestricted net assets(6,902,603)(2,180,679)
UNRESTRICTED NET ASSETS
Beginning of Year61,734,29963,914,978
End of Year54,831,69661,734,299

Grantee Facts

Name:
Center for Diversity & the Environment

Project Name:
2042 Today

Amount Granted:
$30,000