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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, 2007

 

Revenues:

Contributions $ 0
Interest Income 145,101
Income from Investments 104,557
Capital Gains (Loss) 571,894
Net Unrealized Investment Gain (143,349)

     Total Revenues     678,204

Expenses:

Management & Professional 81,528
Taxes & Licenses 18,260
Office Expense 3,858
Utilities 1,148
Advertising 0
Insurance 0
Miscellaneous 1,177
Charitable Donations 341,800
Depreciation 299
   
     Total Expenses 448,070

Change in Net Assets 230,133

Net Assets, Beginning of Year 9,003,936

Net Assets, End of Year $ 9,234,069