Annual Report - 2005
Financials - Statement of Financial Position
December 31, 2005 and 2004
The Foundation's IRS Form 990 and complete financial statements, audited by Mr. Douglas C. Bunnell, Certified Public Accountant, are available for review in the Foundation offices.
| Assets | 2005 | 2004 |
| Cash | $141,530 | $13,709 |
| Investments | 37,117,710 | 34,243,690 |
| Prepaid expenses | 11,234 | 74 |
| Oil and gas royalty interests, net of accumulated depletion of $133,556 in 2005 and 2004 |
0 | 0 |
| Accrued interest receivable | 108,492 | 122,159 |
| Fixed assets, net of accumualted depreciation of $45,861 and $46,213 in 2005 and 2004 respectively |
44,442 | 39,357 |
| Total assets | $37,423,408 | $34,418,989 |
| Liabilities and Net Assets | ||
| Grants payable | $0 | $38,887 |
| Funds held for agencies | 8,293,136 | 6,046,830 |
| Total liabilities | $8,293,136 | $6,085,717 |
| Net assets | ||
| Unrestricted | 29,022,775 | 28,221,700 |
| Temporarily restricted | 107,497 | 111,572 |
| Total net assets | 29,130,272 | 28,333,272 |
| Total liabilities and net assets | $37,423,408 | $34,418,989 |
Next: Financials - Statements of Activities
