MSC Foundation By the Numbers
Statement
of Financial Position
Year Ended June 30, 2002 |
 |
| Assets |
|
| Cash
and Cash Equivalents |
$ 114,935
|
| Pledges
Receivable |
$ 134,355
|
| Investments |
$ 3,761,060
|
| Total
Assets |
$ 4,010,350
|
| |
|
| Liabilities |
|
| Accounts
Payable |
$ 15,909
|
| Grants
Payable |
$ 46,205
|
| Scholarships
Payable |
$ 24,993
|
| Total
Liabilities |
$ 87,107
|
| |
|
| Net Assets |
|
| Unrestricted |
$ 158,484
|
| Temporarily
Restricted |
$ 751,863
|
| Permanently
Restricted |
$ 3,012,896
|
| Total
Net Assets |
$ 3,923,243
|
| |
|
| Total Liabilities and Net
Assets |
$ 4,010,350
|
| Statement
of Activities Year Ended June 30,
2002 |
| |
Unrestricted
|
Temporarily
Restricted
|
Permanently
Restricted
|
Total
|
| Revenues, Gains, and Other Support |
|
|
|
|
| Contributions |
$ 130,873
|
$ 174,974
|
$ 30,360
|
$ 336,207
|
| Investment Income |
$ 4,379
|
$ 86,294
|
$ (326)
|
$ 90,347
|
| Net Realized Gains (Losses) on Sale of Investments |
$ (233)
|
$ 2,069
|
$ (1,281)
|
$ 555
|
Net Unrealized Gains (Losses) on investments
reported at fair value |
$ (13,127)
|
$ (19,349)
|
$ (254,043)
|
$ (286,519)
|
| Miscellaneous Income |
$ 317
|
$ 528
|
---
|
$ 845
|
| Total
Revenues, Gains and Other Support |
$ 122,209
|
$ 244,516
|
$ (225,290)
|
$ 141,435
|
| Net Assets Released from Restrictions |
|
|
|
|
| Restrictions Satisfied by Payments |
$ 177,963
|
$ (177,963)
|
---
|
---
|
| Total
Total Revenues, Gains, Other Support, and Reclassifications |
$ 300,172
|
$ 66,553
|
$ (225,290)
|
$ 141,435
|
| Expenses |
|
|
|
|
| Program Services: |
|
|
|
|
| Scholarships |
$ 43,376
|
---
|
---
|
$ 43,376
|
| College Support and Enhancement |
$ 263,964
|
---
|
---
|
$ 263,964
|
| Total
Program Services |
$ 307,340
|
---
|
---
|
$ 307,340
|
| Supportive Services: |
|
|
|
|
| Foundation Administration |
$ 30,759
|
---
|
---
|
$ 30,759
|
| Fund Raising |
$ 40,227
|
---
|
---
|
$ 40,227
|
| Total
Supporting Services |
$ 70,986
|
---
|
---
|
$ 70,986
|
| Total
Expenses |
$ 378,326
|
---
|
---
|
$ 378,326
|
| Operating Transfers |
$ (3,088)
|
$ 3,088
|
---
|
---
|
| Change
in Net Assets |
$ (81,242)
|
$ 69,641
|
$ (225,290)
|
$ (236,891)
|
| Net Assets at Beginning of Year |
$ 239,726
|
$ 682,222
|
$ 3,238,186
|
$ 4,160,134
|
| Net Assets at End of Year |
$ 158,484
|
$ 751,863
|
$ 3,012,896
|
$ 3,923,243
|
|
