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2007 Annual ReportClick here to print a copy of our latest report, including a list of the
Blakemore Freeman Fellowships and Blakemore Refresher Grants awarded
in the spring of 2007. The report may be printed double-sided
and then tri-folded into a brochure. Pro Forma Financial
Statements
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Balance Sheet
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12/31/2006 |
12/31/2007 |
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ASSETS |
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Current Assets |
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$19,311 |
$26,303 |
| Other Assets (at market value) | ||
Investments |
$11,936,375 |
$11,252,360
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TOTAL |
$11,955,686 |
$11,278,663 |
LIABILITIES AND NET ASSETS |
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Undisbursed Grants |
$641,483 |
$523,169 |
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Net Assets |
$11,314,203 |
$10,755,494 |
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TOTAL |
$11,955,686 |
$11,278,663 |
Summary of Revenue & Expenses
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12/31/2006 |
12/31/2007 |
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REVENUE |
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| Investment Income |
$379,277 |
$387,270 |
| Realized Gain/Loss |
$1,310,904 |
$244,633 |
| Other Income |
$5,497 |
$4,194 |
| Grants/Contributions Received |
$0 |
$1,025,250 |
| TOTAL |
$1,695,678 |
$1,661,347 |
EXPENDITURES |
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| Administrative Expenses |
$119,459 |
$144,645 |
| Investment Expense |
$109,480 |
$112,359 |
| TOTAL |
$228,939 |
$257,004 |
GRANTS DISBURSED |
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| Program Expenses |
$0 |
$58,517 |
| Language Grants |
$971,438 |
$911,484 |
| Art Grants |
$269,364 |
$375,170 |
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TOTAL |
$1,240,802 |
$1,345,171 |
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