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Consolidated Financial Statement Statement of Financial Position JUNE 30 |
The Foundation is proud that 100% of donations go directly to benefit Gull Lake students, teachers and our schools. To learn how to give, click here |
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2007 |
2006 |
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|---|---|---|---|
| Assets at the Start of the Period | $ 378,246.53 |
$ 326,869.16 |
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| Contributions | 151,198.81 |
103,213.67 |
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| Investment and Other Income | |||
| Interest on CDs & Investments - Restricted | 1,939.40 |
1,288.10 |
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| Interest on CDs & Investments - Unrestricted | 8,316.97 |
5,383.01 |
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| Investment gains (losses) on assets transferred to the Kalamazoo Community Foundation |
7,290.14 |
11,412.78 |
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| Total Contributions, Investment Income, and Other Income | 168,745.42 |
121,297.56 |
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| Grants | 91,357.57 |
59,765.09 |
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| Operating Expenses | 9,602.37 |
10,155.10 |
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| Total Grants and Operating Expenses | 100,959.94 |
69,920.19 |
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| Assets at the End of the Period | $ 446,032.01 |
$ 378,246.53 |
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| Summary of Assets | |||
| Unrestricted Funds | $ 98,424.29 |
$ 75,616.83 |
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| Designated Funds | 27,098.60 |
11,264.32 |
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| Endowment - donor designated | 5,090.00 |
5,090.00 |
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| Endowment - board designated | 37,331.55 |
37,331.55 |
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| Endowment - Kalamazoo Community Foundation fbo GLCSF | 72,677.90 |
69,988.27 |
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| Scholarship Funds | 118,107.91 |
99,903.51 |
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| Scholarship Funds - Kalamazoo Community Foundation fbo GLCSF | 87,301.76 |
79,052.05 |
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| Total Net Assets Reported at the End of the Period | $ 446,032.01 |
$ 378,246.53 |
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