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The Gelvin Foundation
Financial Information

Statement of Assets, Liabilities and Net Assets
 Modified Cash Basis

For the Year Ended December 31, 2009

ASSETS

Current Assets:  
 
Cash $ 379,869
Income Tax Refund Receivable 0
Prepaid Expenses 1,175
   
    Total Current Assets 381,044
   
Investments, at Fair Market Value
   
Stocks 5,224,179
Bonds 2,178,805
   
     Total Investments 7,405,984
   
Equipment, Net 262
   
Total Net Assets 7,784,290
   
 

LIABILITIES

 
Income Tax Payable $0
   
Total Liabilities 0
   
Unrestricted Net Assets 7,784,290
   
Total Net Assets 7,784,290
   
Total Liabilities & Net Assets 7,784,290

 

 

The Gelvin Foundation
Financial Information

Statement of Revenues, Expenses and Changes in Net Assets
 Modified Cash Basis

For the Year Ended December 31, 2009

 

Revenues:

Contributions $ 0
Interest Income 116,065
Income from Investments 79,131
Capital Gains (Loss) (362,204)
Net Unrealized Investment Gain (1,516,075)

     Total Revenues     (1,349,067)

Expenses:

Management & Professional 80,190
Taxes & Licenses 1,825
Office Expense 3,079
Utilities 1,113
Advertising 0
Insurance 0
Miscellaneous 550
Charitable Donations 347,500
Depreciation 299
   
     Total Expenses 434,556

Change in Net Assets 914,511

Net Assets, Beginning of Year 6,869,779

Net Assets, End of Year $ 7,784,290