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Consolidated Financial Statement
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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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Statement of Financial Position JUNE 30 |
2009 |
2008 |
2007 |
|---|---|---|---|
| Unrestricted Funds | |||
| Contributions | $ 103,060.93 |
$ 80,070.76 |
$ 55,717.43 |
| Investment and Other Income | 1,820.39 |
7,701.77 |
8,316.97 |
| Kalamazoo Community Foundation – income/gain transferred in | 2,379.04 |
3,114.82 |
2,977.28 |
| Grants and Program Services – current year | (45,848.54) |
(37,444.90) |
(29,384.04) |
| Grants and Program Services – prior year | (28,592.84) |
(2,880.00) |
(5,217.81) |
| Transfer to Designated Funds | 0.00 |
(25,022.43) |
0.00 |
| Transfer from Designated Funds | 0.00 |
3,921.02 |
0.00 |
| Operating Expenses | (10,932.93) |
(15,089.84) |
(9,602.37) |
| Net Increase in Unrestricted Funds | 21,886.05 |
14,371.20 |
22,807.46 |
| Unrestricted Funds at Beginning of Year | 112.795.49 |
98,424.29 |
75,616.83 |
| Unrestricted Funds at the End of the Year | 134,681.54 |
112,795.49 |
98,424.29 |
| Designated Funds | |||
| Contributions | 240,122.50 |
137,226.00 |
95,481.38 |
| Investment and Other Income | 210.40 |
1,489.26 |
1,939.40 |
| Kalamazoo Community Foundation – investment gains (losses) | (30,729.47) |
(11,737.02) |
4,312.86 |
| Grants | (158,796.91) |
(125,029.18) |
(56,755.62) |
| Transfer from Unrestricted Funds | 0.00 |
25,022.43 |
0.00 |
| Transfer to Unrestricted Funds | 0.00 |
(3,921.02) |
0.00 |
| Net Increase in Designated Funds | 50,806.52 |
23,050.47 |
44,978.02 |
| Designed Funds at Beginning of Year | 370,658.19 |
347,607.72 |
302,629.70 |
| Designated Funds at End of the Year | 421,464.71 |
370,658.19 |
347,607.72 |
| Assets at the End of the Period | $ 556,146.25 |
$ 483,453.68 |
$ 446,032.01 |
| Allocation of Assets | |||
| Unrestricted Funds | $ 134,681.54 |
$ 112,795.49 |
$ 98,424.29 |
| Designated Funds | 44,005.42 |
47,894.84 |
27,098.60 |
| Endowment – donor designated | 5,090.00 |
5,090.00 |
5,090.00 |
| Endowment – board designated | 37,331.55 |
37,331.55 |
37,331.55 |
| Endowment – Kalamazoo Community Foundation fbo GLCSF | 43,655.97 |
65,970.48 |
72,677.90 |
| Scholarship Funds | 234,437.55 |
132,099.16 |
118,107.91 |
| Scholarship Funds – Kalamazoo Community Foundation fbo GLCSF | 56,944.22 |
82,272.16 |
87,301.76 |
| Assets at the End of the Period | $ 556,146.25 |
$ 483,453.68 |
$ 446,032.01 |