LIABILITIES AND NET ASSETS
Current Liabilities
$293,048
$607,023
$738,503
$512,922
$28,940
$29,820
$134,565
$14,693
$1,195,056
$1,164,458
$2,407,280
$2,385,270
$13,310,211
$16,488
Other Liabilities
$1,287,422
$973,278
Total Liabilities
$18,199,969
$4,539,494
2014
2013
$20,537,609
$21,237,829
-
$46,908
Total Net Assets
14% ADMIN
EXPENSES
THE CHART TO THE RIGHT
REPRESENTS HOW OUR FUNDS
RECEIVED ARE USED.
2013
Accrued Salaries and Related Expenses
USE OF FUNDS
2014
Accounts Payable
86% PROGRAM
EXPENSES
$20,537,609
$21,284,737
Total Liabilities and Net Assets
$38,737,578
$25,824,231
Deferred Revenue
Current Portion of Capital Lease Obligations
Total Current Liabilities
Deferred Rent
Capital Lease Obligations
STATEMENTS OF FINANCIAL POSITION
JUNE 30, 2014 AND 2013
Net Assets
Unrestricted
Temporarily Restricted
ASSETS
Current Assets
2014
2013
$9,698,591
$8,416,942
Due from Community Capital Corporation
$257,974
$107,869
Due from Carlos Rosario Educational Foundation
$110,442
$34,637
Other Receivables
$6,785
$1,832
Prepaid Expenses
$255,033
$185,387
$10,328,825
$8,746,667
$3,036,000
$3,036,000
$23,397,738
$10,029,064
-
$2,200,000
$560,153
$692,653
Investment Gain (loss)
$1,287,422
$973,278
Total Revenue and Support
$127,440
$146,569
Net Assets Released from Restrictions
$38,737,578
$25,824,231
Cash and Cash Equivalents
Total Current Assets
Certificates of Deposit
Property of Equipment, net
Facility Reserve Fund
Facility Repair and Improvements Reserve Fund
Other Assets
Deposits
Total Assets
28
STATEMENTS OF ACTIVITIES
YEARS ENDED JUNE 30, 2014 AND 20