Statement of Activities, year ending December 31, 2008
ASSETS
|
| Cash and investments |
$11,435,794 |
| Grants and pledges receivable |
19,711,942 |
| Fixed assets |
1,641,673 |
| Other assets |
540,592 |
| |
| Total Assets |
33,330,001 |
LIABILITIES AND NET ASSETS
|
| Liabilities |
| Grants payable |
7,874,087 |
| Other liabilities |
870,140 |
| |
| Net Assets |
| Undesignated |
109,633 |
| Designated for reserve |
6,867,329 |
| Designated for endowment |
2,000,000 |
| Temporarily restricted |
14,980,120 |
| Permanently restricted |
628,692 |
| |
| Total Liabilities and Net Assets |
$33,330,001 |
REVENUE
|
| Grants and contributions |
$19,249,309 |
| Investment income |
(2,231,728) |
| Other income |
(157,283) |
| |
| Total Revenues |
16,860,298 |
EXPENSES
|
| Programs |
21,256,742 |
| Fundraising |
232,589 |
| General and administrative |
4,133,830 |
| |
| Total Expenses |
25,623,161 |
CHANGE IN NET ASSETS
|
| Net assets, beginning of year |
33,348,637 |
| Net assets, end of year |
$24,585,774 |
Gelman, Rosenberg & Freedman audited IYF’s financial statements. The Statement of Financial Position and the Statement of Activities for the year ended December 31, 2008, which are summarized here, are part of these audited financial statements. The complete audited financial statements can be downloaded here.
IYF's 2008 IRS Form 990 can be downloaded here.
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