Financial Statements

Statement of Financial Position

Year end December 31

	2016	2015
ASSETS
Cash and cash equivalents	667,156	188,533
Other receivable	5,960	95
Prepaid expenses	66,676	140
Note Receivable (Note 3)	-	-
Investments, at fair value (Notes 5 & 6)	52,410,614	56,030,001
Property and equipment, net (Note 7)	14,181	20,167
Other assets	12,085	11,694
Program Related Investment (Note 4)	35,000	35,000
Intangible assets	23,630	23,630
TOTAL ASSETS	53,235,302	56,309,261

LIABILITIES
Accounts payable and accrued expenses	82,477	46,485
Grants payable	625,000	1,415,000
Excise Tax Payable	-	16,080
Deferred federal excise tax (Note 10)	40,083	-
TOTAL LIABILITIES	747,560	1,477,565

NET ASSETS
Unrestricted	52,487,742	54,831,696

TOTAL LIABILITIES AND UNRESTRICTED NET ASSETS	53,235,302	56,309,261

Year end December 31

	2016	2015
Interest and Dividends	866,810	1,106,600
Realized gains on investments	783,893	1,392,980
Unrealized/gains (losses) on investments	2,974,923	(2,126,762)
Other investment income /(loss)	(283,044)	(24,638)
Custodial and management fees	(52,598)	(162,053)
Other investment expenses	(800,222)	(905,978)
Net investment expenses /(loss) before provision for federal excise tax	3,489,802	(719,851)
Provision for federal excise taxes	(52,868)	4,886
Net investment income/(loss)	3,436,934	(714,965)

EXPENSES
Program Services
Grants	4,669,998	5,163,150
Grants Management	494,410	444,138
Philanthropic community and public relations	192,208	166,052
Total program services	5,356,616	5,773,340
Supporting services
Board meetings and support	245,141	243,686
General administration	179,131	170,612
Total supporting services	424,272	414,298
TOTAL EXPENSES	5,780,888	6,187,638
Change in unrestricted net assets	(2,343,954)	(6,902,603)

UNRESTRICTED NET ASSETS
Beginning of Year	54,831,696	61,734,299

End of Year	52,487,742	54,831,696

Name:
Coalition for Abortion Access and Reproductive Equity (CAARE Coalition)

Project Name:
General Support

Amount Granted:
$50,000