FINANCIALS
STATEMENTS OF ACTIVITIES
YEARS ENDED JUNE 30, 2015 AND 2014
CHANGES IN UNRESTRICTED NET ASSETS
REVENUE AND SUPPORT
USE OF FUNDS
2015
Charter Per Pupil Allotment
$23,000,863
$19,937,995
Grants and Contributions
$265,569
$195,915
Culinary Arts Sales
$389,900
$412,038
Student Fees and Other Income
$198,138
$152,084
Investment Gain
$23,922
$19,023
TOTAL REVENUE AND SUPPORT
$23,878,392
$20,717,055
-
$46,908
$23,878,392
$20,763,963
NET ASSETS RELEASED FROM RESTRICTIONS
TOTAL REVENUE, SUPPORT AND OTHER INCREASES
EXPENSES
88%
Program Expenses
12%
Admin Expenses
2014
2015
2014
Educational Programs
$20,287,125
$18,803,943
General and Administrative
$3,454,639
$2,660,240
TOTAL EXPENSES
INCREASE (DECREASE) IN UNRESTRICTED NET ASSETS
$23,741,764
$21,464,183
$136,628
($700,220)
CHANGES IN TEMPORARILY RESTRICTED NET ASSETS
2015
CARLOS ROSARIO INTERNATIONAL PUBLIC CHARTER SCHOOL / 2015 ANNUAL REPORT
2014
Contributions
$133,856
-
Net Assets Released from Restrictions
-
($46,908)
INCREASE (DECREASE) IN TEMPORARILY RESTRICTED NET ASSETS
$133,856
($46,908)
CHANGE IN NET ASSETS
$270,484
-$747,128
NET ASSETS, BEGINNING OF YEAR
$20,537,609
$21,284,737
NET ASSETS, END OF YEAR
$20,808,093
$20,537,609
43