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Copyright
© 2000-2011
All Rights Reserved
getthewww.com |
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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, 2010
ASSETS |
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Current Assets: |
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| Cash |
$ 344,808 |
| Investments
in Marketable Securities |
6,454,563 |
| Certificates
of Deposit |
1,372,064 |
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Total Current Assets |
8,171,435 |
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| Property and
Equipment, At Cost |
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| Furniture and
Fixtures |
1,495 |
| Accumulated
Depreciation |
(1,495) |
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Total Property and Equipment, Net |
0 |
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| Total Net Assets |
8,171,435 |
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LIABILITIES |
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| Income Tax Payable |
$3,698 |
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| Total Liabilities |
3,698 |
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| Total Net Assets
- Unrestricted |
8,167,737 |
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| Total Liabilities
& Net Assets |
8,171,435 |
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The Gelvin Foundation
Financial Information Statement
of Revenues, Expenses and Changes in Net Assets
Modified Cash Basis
For the Year Ended December 31, 2010 |
| Revenues: |
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| Interest Income |
91,060 |
| Income from
Investments |
78,032 |
| Capital Gains
(Loss) |
88,138 |
| Net Unrealized
Investment Gain |
495,894 |
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Total Revenues |
753,124 |
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| Expenses: |
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| Management &
Professional |
73,960 |
| Taxes & Licenses |
4,873 |
| Office Expense |
3,241 |
| Utilities |
1,330 |
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Advertising |
650 |
| Insurance |
761 |
| Charitable Donations |
284,600 |
| Depreciation |
262 |
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Total Expenses |
369,677 |
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| Change in Net Assets |
383,447 |
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| Net Assets,
Beginning of Year |
7,784,290 |
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| Net Assets, End of
Year |
$ 8,167,737 |
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