 |  | | 2006 | Financial Statement | | | | | Assets | | | | | 2006 | 2005 | Assets: | | | | | Cash and Cash Equivalents | | $ 3,458,136 | $ 1,802,938 | | | Investments | | $ 21,323,087 | $ 17,275,548 | | | Prepaid Expenses and Grant Awards | | $ 15,469 | $ 13,020 | | | Property & Equipment, at cost, net of accumulated | | $ 58,238 | $ 25,652 | | | depreciation of $32,826 and $28,344 | | | | | | Contributions Receivable | | $ 507,777 | $ 1,817,604 | | | Split Interest Agreements Restricted or held for others | | $ 37,393,820 | $ 34,990,385 | | | | Total Assets | $ 62,756,527 | $ 55,925,147 | | | | | | | | | | | | | | | | | | | Liabilities and Net Assets | | | | Liabilities: | | | | | | | Accounts Payable | | $ 42,753 | $ 1,782 | | | Grants Payable | | $ 1,597,255 | $ 648,916 | | | Accrued Expenses | | $ 7,290 | $ 8,439 | | | Liability to Resource Provider | | $ 3,122,281 | $ 2,936,935 | | | | Total Liabilities | $ 4,769,579 | $ 3,596,072 | | Net Assets: | | | | | | Unrestricted Net Assets | | $ 23,409,539 | $ 19,932,553 | | | Temporarily Restricted Net Assets | | $ 736,276 | $ 10,501 | | | Permanently Restricted Net Assets | | $ 33,841,133 | $ 32,386,021 | | | | Total Net Assets | $ 57,986,948 | $ 52,329,075 | | | | Total Liabilities and Net Assets | $ 62,756,527 | $ 55,925,147 | | | Audit by Maher Duessel Certified Public Accountants | | | | | | | | | | | | * Click here to download complete Audited 2006 Consolidated Financial Statement | | | | | | |
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