| Statement of Financial Position |
|
| December 31 |
2008 |
2007 |
| Assets |
|
|
| Cash and Cash Equivalent |
$13,576 |
$ - |
| Investments |
13,035,873 |
18,583,019 |
| Accounts Receivable |
- |
2,521 |
| Prepaid Expense |
5,788 |
2,295 |
| Refundable excise tax |
24,437 |
- |
| Total Assets |
$13,079,674 |
$18,587,835 |
| |
| Liabilities and Net Assets |
| Grants Payable |
6,500 |
72,200 |
| Excise Tax Payable |
- |
7,022 |
| Accounts Payable |
3,413 |
15,777 |
| Total Liabilities |
68,413 |
$94,999 |
| Net Assets |
|
|
|
| Unrestricted |
|
|
| Undesignated |
$12,907,819 |
$18,357,534 |
| Conditional Promises for Future Contribution |
30,000 |
30,000 |
| Total Unrestricted |
12,937,819 |
18,387,534 |
| Temporarily Restricted |
74,442 |
99,888 |
| Permanently Restricted |
1,000 |
1,000 |
|
|
|
| Total Net Assets |
$13,011,261 |
$18,492,836 |
| Total Liabilities and Net Assets |
$13,079,674 |
$18,587,835 |
| |
| Statement of Expenses |
| Grants Awarded |
761,923 |
725,427 |
| Operating Expenses |
189,633 |
182,637 |
| Investment Management Fees |
82,456 |
83,849 |
| Federal excise tax |
4,153 |
38,102 |
|
|
|
| Complete audited financial statements are available at the office of The Fund for Greater Hartford . |
