Annual Report 2015 - Page 13

13

Statement of Financial Position

December 31, 2015 and 2014

ASSETS 2015 2014

Cash & cash equivalents $ 531,969 $ 641,402

Property & equipment 25,430 15,493

Investments, at market 2,239,811 2,233,120

TOTAL ASSETS $6,689,174 $6,568,191

LIABILITIES

Accounts payable 5,809 15,271

Accrued wages 6,812 8,676

Accrued expenses 2,289 1,282

Assets held for others 159,845 105,854

Charitable gift annuity - 76,815

TOTAL LIABILITIES $174,755 $207,898

NET ASSETS

Unrestricted $1,686,911 $1,832,422

Temporarily restricted 2,587,697 2,294,751

Permanently restricted 2,239,811 2,233,120

TOTAL LIABILITIES

AND ASSETS $6,689,174 $6,568,191

Statement of Income and Expenses

December 31, 2015 and 2014

INCOME 2015 2014

Contributions $ 855,890 $ 278,074

Securities gains (losses) (112,461) 304,381

Other income 10,650 507,725

TOTAL INCOME $ 754,079 $1,090,180

EXPENSES

Grants 217,846 224,651

Scholarships 131,900 147,435

Other expenses 41,832 47,642

Program service 74,481 86,599

Management & general 133,894 124,663

TOTAL EXPENSES $ 599,953 $ 630,990

CHANGE IN NET ASSETS $154,126 $ 459,190

NET ASSETS AT BEGINNING

OF YEAR $6,360,293 $5,901,103

NET ASSETS AT END

OF YEAR $6,514,419 $6,360,293

2015 Honorariums and

Memorials continued from p. 11

Eric Moore

Robert Oswalt

Bernard Pace

Dr. George Parks

Peter Redmond

Joann Rees

Kenny Rees

Robert Renner

Jim Richards

Dean Rinker

Freida Quillen Rogers

Patricia Schantz

Daniel Schrope

John Scott

Charles Sharp

Donald "Dick" Smith

Bonnie Stath

Betty Sutton

Anita Tatman

Wayne Townsend

Russell Trees

Kenny Warner

Katelin Williamson

Carol Wolfe

Financial Statement for 2015 and 2014