STATEMENT OF ACTIVITIES
Years Ended May 31, 2005 and 2004
| Support and Revenue |
2005 |
2004 |
| Contributions |
$ 2,225,000 |
$ 7,000,000 |
| Interest income |
69,981
|
14,248 |
| Investment gain, net |
239,208 |
251,152 |
| Total Support and Revenue, Net |
$ 2,534,189 |
$ 7,265,400 |
| |
|
|
| Expenses |
|
|
| Program grants: |
|
|
Social and Health
|
$ 1,738,424 |
$ 972,952 |
Education
|
917,899 |
548,528 |
Arts and Culture
|
886,231 |
380,596 |
Preservation Causes
|
303,950 |
222,659 |
Other
|
897,500 |
275,000 |
| Total Program Grants |
$ 4,744,004 |
$ 2,399,735 |
| Management and general |
--- |
88 |
| Provision for federal excise taxes, net |
6,000 |
(6,000) |
Total Expenses |
$ 4,750,004 |
$ 8,118,755 |
| (Decrease) increase in net assets |
(2,215,815) |
4,871, 577 |
| Unrestricted net assets, beginning of year |
8,118,755 |
3,247,178 |
| Unrestricted net assets, end of year |
$ 5,902,940 |
$ 8,118,755 |
See accompanying notes to financial statements.
|
