Financials

Statements of Financial Position

 

 

December 31, 2010 and 2009

    
  2010 2009

Assets

    
Cash and cash equivalents 648,281 2,013,129
Investments 156,696,201 147,388,462
Notes receivable 10,985,000 8,660,946
Interest receivable 330,040 94,994
Furniture, equipment, and leasehold improvements 162,801 188,541
  $168,822,323 $158,346,072

Liabilities and Net Assets

    
Grants payable 5,055,603 6,293,861
Net assets - unrestricted 163,766,720 152,052,211
  $168,822,323 $158,346,072
     

Statements of Activities

 

 

December 31, 2010 and 2009

    
  2010 2009

Revenue:

    
Dividends and interest on other investments 2,791,658 3,732,69
Loss on sales of investments (5,082,152) (14,628,870)
Contributions and other 32,604 34,106
  (2,257,890) (10,862,065)

Expenditures:

    
Grants 5,499,273 6,129,739
Direct charitable activities 229,188 329,448
Salaries and benefits 1,095,790 1,128,119
Investment management fees 103,900 58,515
Professional services 821,983 713,824
Supplies, services, and other 558,103 578,242
  8,308,237 8,937,887

Expenditures over revenue before other gain

 (10,566,127) (19,799,952)
Other gain - change in net unrealized gain on investments 20,855,228 43,558,129
Unrealized gain on notes receivable from
    Prairie Holdings Corporation (Notes 2 and 4)		 1,425,408 629,441
  22,280,636 44,187,570
     

Revenue over expenditures

 11,714,509 24,387,618
Net assets:    
Beginning of year 152,052,211 127,664,593
End of year 163,766,720 152,052,211

Note: The notes that accompany the financial report are an integral part of the financial statements and are required for a full presentation. While they are not included here, a full copy of the audited financial statements, including the notes, is available upon request.
Form 990-PFs are available on Guidestar.

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