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|
financial summary
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Statement of Financial Position |
| |
December 31 |
2006 |
2005 |
| |
|
|
Assets |
| |
Cash and Cash Equivalent |
$28,406 |
$25,063 |
| |
Investments |
$17,832,913 |
$17,024,142 |
| |
Accounts Receivable |
$5,032 |
- |
| |
Prepaid Expense |
$2,688 |
$14,188 |
| |
Total Assets |
$17,869,039 |
$17,063,393 |
| |
|
|
Liabilities and Net Assets |
| |
Grants payable |
$75,000 |
- |
| |
Excise Tax Payable |
$17,700 |
$10,092 |
| |
Accounts Payable |
$7,465 |
$17,757 |
| |
Total Liabilities |
$100,165 |
$27,849 |
| |
|
|
|
| |
Net Assets |
| |
Unrestricted |
|
|
| |
Undesignated |
$17,572,986 |
$16,910,148 |
| |
Conditional promises for future contribution |
$95,000 |
$29,000 |
|
|
|
|
|
| |
Total unrestricted |
$17,667,986 |
$16,939,148 |
| |
Temporarily restricted |
$99,888 |
$95,404 |
| |
Permanently restricted |
$1,000 |
$1,000 |
|
|
|
|
|
| |
Total net assets |
$17,768,874 |
$17,035,552 |
|
|
|
|
|
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Total net assets and liabilities |
$17,869,039 |
$17,063,393 |
|
|
|
|
|
|
Statement of Cash Expenses |
| |
Grants Paid Out |
$713,735 |
$684,125 |
| |
Operating Expenses |
$170,310 |
$153,191 |
| |
(Excluding in-kind: $5,570 in 2006 and 2005) |
|
|
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Investment fees |
$53,929 |
$63,321 |
| |
Federal excise tax |
$31,060 |
$13,323 |
| |
|
|
|
| |
Total expenses |
$969,034 |
$913,960 |
| |
|
|
|
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Complete audited financial statements are available at the office of The Hartford Courant
Foundation. |
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