|
Assets
|
|||||
| Assets | 2006 | 2005 | |||
| Cash | $24,595 | $24,622 | |||
| Accounts and interest receivable | 125,487 | 119,641 | |||
| Contributions receivable, net
of allowances; 2005-$20,000, 2004-$18,000 |
4,172,695 | 2,819,764 | |||
| Investments | 49,172,402 | 41,535,732 | |||
| Beneficial interest in perpetual trust | 3,325,119 | 2,767,902 | |||
| Beneficial interest in Community Foundation | 68,183 | 66,360 | |||
| Real estate held for investment | 359,147 | 314,005 | |||
| Land | 120,883 | 166,025 | |||
| Buildings and leasehold
improvements, net of accumulated depreciation; 2006-$103,976, 2005-$92,199 |
715,232 | 833,620 | |||
|
Land and buildings held for sale, net of accumulated depreciation; 2005 - $1,000,679 |
_____ | 3,015,210 | |||
| Property management deposits | 3,000 | 99,686 | |||
| Cash value of life insurance | 146,273 | 134,916 | |||
| Prepaid expenses | 3,251 | 2,839 | |||
|
Total assets |
$58,236,267 | $51,800,322 | |||
| Liabilities and Net Assets | |||||
| Liabilities | |||||
| Accounts payable | $89,424 | $20,683 | |||
| Notes payable | 164,988 | 3,585,416 | |||
| Annuities payable | 1,012,639 | 2,158,053 | |||
| Deposits | 2,000 | 2,639 | |||
| Payable to related party | 819,076 | 737,747 | |||
| Total liabilities | 2,088,127 | 6,504,538 | |||
| Net Assets | |||||
| Unrestricted | 11,461,869 | 6,987,161 | |||
| Temporarily restricted | 20,865,337 | 17,910,743 | |||
| Permanently restricted | 23,820,934 | 20,497,880 | |||
| Total net assets | 56,148,934 | 45,395,784 | |||
|
Total liabilities and net assets |
$58,236,267 | $51,900,322 | |||
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