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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 |
2010 |
2009 |
2008 |
|---|---|---|---|
| Unrestricted Funds | |||
| Contributions | $ 67,286.59 |
$ 103,060.93 |
$ 80,070.76 |
| Investment and Other Income | 339.29 |
1,820.39 |
7,701.77 |
| Kalamazoo Community Foundation – income/gain transferred in | 2,108.05 |
2,379.04 |
3,114.82 |
| Grants and Program Services – current year | (34,851.44) |
(45,848.54) |
(37,444.90) |
| Grants and Program Services – prior year | (13,237.13) |
(28,592.84) |
(2,880.00) |
| Transfer to Designated Funds | (13.00) |
0.00 |
(25,022.43) |
| Transfer from Designated Funds | 80.31 |
0.00 |
3,921.02 |
| Operating Expenses | (7,800.09) |
(10,932.93) |
(15,089.84) |
| Net Increase in Unrestricted Funds | 13,912.58 |
21,886.05 |
14,371.20 |
| Unrestricted Funds at Beginning of Year | 134,681.54 |
112.795.49 |
98,424.29 |
| Unrestricted Funds at the End of the Year | 148,594.12 |
134,681.54 |
112,795.49 |
| Restricted Funds | |||
| Contributions | 199,957.55 |
240,122.50 |
137,226.00 |
| Investment and Other Income | 14.62 |
210.40 |
1,489.26 |
| Kalamazoo Community Foundation – investment gains (losses) | 23,598.78 |
(30,729.47) |
(11,737.02) |
| Grants | (65,556.07) |
(158,796.91) |
(125,029.18) |
| Transfer from Unrestricted Funds | 13.00 |
0.00 |
25,022.43 |
| Transfer to Unrestricted Funds | (80.31) |
0.00 |
(3,921.02) |
| Net Increase in Restricted Funds | 157,947.57 |
50,806.52 |
23,050.47 |
| Restricted Funds at Beginning of Year | 421,464.71 |
370,658.19 |
347,607.72 |
| Restricted Funds at End of the Year | 421,464.71 |
370,658.19 |
|
| Assets at the End of the Period | $ 728,006.40 |
$ 556,146.25 |
$ 483,453.68 |
| Allocation of Assets | |||
| Unrestricted Funds | $ 148,594.12 |
$ 134,681.54 |
$ 112,795.49 |
| Designated Funds | 101,366.59 |
44,005.42 |
47,894.84 |
| 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 | 61,674.88 |
43,655.97 |
65,970.48 |
| Scholarship Funds | 311,425.17 |
234,437.55 |
132,099.16 |
| Scholarship Funds – Kalamazoo Community Foundation fbo GLCSF | 62,524.09 |
56,944.22 |
82,272.16 |
| Assets at the End of the Period | $ 728,006.40 |
$ 556,146.25 |
$ 483,453.68 |