Financial Statements

Statement of Financial Position

Year end December 31

20172016
ASSETS
Cash and cash equivalents521,027667,156
Other receivable 4,282 5,960
Prepaid expenses 60,293 66,676
Note Receivable (Note 3) - -
Investments, at fair value (Notes 4 & 5)54,330,90652,410,614
Property and equipment, net (Note 6) 9,49714,181
Other assets25,72512,085
Program Related Investment (Note 3)25,00035,000
Intangible assets24,53623,630
TOTAL ASSETS55,001,26653,235,302
LIABILITIES
Accounts payable and accrued expenses248,02982,477
Grants payable (Note 10)992,900625,000
Excise Tax Payable- -
Deferred federal excise tax (Note 9) 78,40440,083
TOTAL LIABILITIES 1,319,333747,560
NET ASSETS
Unrestricted53,681,93352,487,742
TOTAL LIABILITIES AND UNRESTRICTED NET ASSETS55,001,26653,235,302

Statement of Activities

Year end December 31

20172016
Interest and Dividends824,376866,810
Realized gains on investments2,474,561783,893
Unrealized/gains (losses) on investments5,842,2562,974,923
Other investment income /(loss) (106,748)(283,044)
Custodial and management fees(68,425)(52,598)
Other investment expenses (914,329)(800,222)
Net investment expenses /(loss) before provision for federal excise tax8,051,6913,489,802
Provision for federal excise taxes (61,495)(52,868)
Net investment income/(loss)7,990,1963,436,934
EXPENSES
Program Services
Grants5,602,8054,669,998
Grants Management466,516494,410
Philanthropic community and public relations276,772192,208
Total program services6,346,0935,356,616
Supporting services
Board meetings and support226,611245,141
General administration223,301179,131
Total supporting services 449,912424,272
TOTAL EXPENSES6,796,0055,780,888
Change in unrestricted net assets1,194,191(2,343,954)
UNRESTRICTED NET ASSETS
Beginning of Year52,487,74254,831,696
End of Year53,681,93352,487,742

Grantee Facts

Name:
Center for International Policy

Project Name:
Building a Progressive American Foreign and Military Policy

Amount Granted:
$30,000