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Copyright
© 2000-2010
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, 2009
ASSETS |
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Current Assets: |
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| Cash |
$ 379,869 |
| Income Tax
Refund Receivable |
0 |
| Prepaid
Expenses |
1,175 |
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Total Current Assets |
381,044 |
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| Investments,
at Fair Market Value |
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| Stocks |
5,224,179 |
| Bonds |
2,178,805 |
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Total Investments |
7,405,984 |
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| Equipment,
Net |
262 |
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| Total Net Assets |
7,784,290 |
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LIABILITIES |
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| Income Tax Payable |
$0 |
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| Total Liabilities |
0 |
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| Unrestricted Net
Assets |
7,784,290 |
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| Total Net Assets |
7,784,290 |
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| Total Liabilities
& Net Assets |
7,784,290 |
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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, 2009 |
| Revenues: |
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| Contributions |
$ 0 |
| Interest Income |
116,065 |
| Income from
Investments |
79,131 |
| Capital Gains
(Loss) |
(362,204) |
| Net Unrealized
Investment Gain |
(1,516,075) |
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Total Revenues |
(1,349,067) |
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| Expenses: |
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| Management &
Professional |
80,190 |
| Taxes & Licenses |
1,825 |
| Office Expense |
3,079 |
| Utilities |
1,113 |
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Advertising |
0 |
| Insurance |
0 |
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Miscellaneous |
550 |
| Charitable Donations |
347,500 |
| Depreciation |
299 |
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Total Expenses |
434,556 |
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| Change in Net Assets |
914,511 |
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| Net Assets,
Beginning of Year |
6,869,779 |
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| Net Assets, End of
Year |
$ 7,784,290 |
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