FINANCIAL INFORMATION
Revenues and Expenses: Fiscal Year Ending June 30, 2008
| Revenue | |
|---|---|
| Contributions | $930,619 |
| Government Grants | $0 |
| Program Services | $0 |
| Investments | $50,485 |
| Special Events | $12,943 |
| Sales | $0 |
| Other | $10,340 |
| Total Revenue | $1,004,387 |
| Expenses | |
| Program Services | $844,715 |
| Administration | $42,919 |
| Other | $74,162 |
| Total Expenditures | $961,796 |
| Net Gain/Loss | $42,591 |
Balance Sheet: Fiscal Year Ending June 30, 2008
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| July 1, 2007 | June 30, 2008 | Change | |
|---|---|---|---|
| Assets | |||
| Cash & Equivalent | $1,086,463 | $1,195,860 | $109,397 |
| Accounts Receivable | $0 | $0 | $0 |
| Pledges & Grants Receivable | $11,907 | $18,015 | $6,108 |
| Receivables/Other | $0 | $0 | $0 |
| Inventories for Sale or Use | $0 | $0 | $0 |
| Investments/Securities | $0 | $0 | $0 |
| Investments/Other | $0 | $0 | $0 |
| Fixed Assets | $0 | $0 | $0 |
| Other | $0 | $0 | $0 |
| Total Assets | $1,098,370 | $1,213,875 | $115,505 |
| Liabilities | |||
| Accounts Payable | $6,370 | $22,034 | $15,664 |
| Grants Payable | $633,750 | $691,000 | $57,250 |
| Deferred Revenue | $0 | $0 | $0 |
| Loans and Notes | $0 | $0 | $0 |
| Tax-Exempt Bond Liabilities | $0 | $0 | $0 |
| Other | $0 | $0 | $0 |
| Total Liabilities | $640,120 | $713,034 | $72,914 |
| Fund Balance | $458,250 | $500,841 | $42,591 |
Financial Comments from the Organization
The Community Fund's overhead cost ratio is 13%.
Basic Information
- This organization is a 501(c)(3) Public Charity.
- This organization is required to file an IRS Form 990 or 990-EZ.
- Financial information in this report is derived from the organization's June 30, 2008 Form 990.
- Additional narrative information in this report was last supplied by the organization on June 30, 2008.
- It makes its audited financial statements available to the public upon request.
- Contributions are deductible, as provided by law.
EIN
06-0737286
Fiscal Year
June 30, 2008
Assets
$1,213,875 (from June 30, 2008 Form 990)
Income
$1,004,387 (from June 30, 2008 Form 990)
Year Founded
1951
Ruling Year
1968
No. of Board Members
24
No. of Full-Time Employees
1-5
No. of Part-Time Employees
1-5
No. of Volunteers
101-500
Funding
This organization is seeking funds from contributions. These funds will be used for unrestricted operating expenses and special projects.
Locations Served
Darien, Norwalk, Stamford
