Sigma Kappa Foundation Impact Statement 2015-2016 | Page 4

Foundation Financials June 1, 2015 - May 31, 2016 Assets Cash Due from Sorority Inventory Prepaid expenses & other assets Pledges receivable, net Investments Property & equipment, net TOTAL ASSETS 2016 2015 $405,081 1,084 12,102 $257,727 8,399 27,710 14,478 366,461 4,573,035 71,826 $5,457,299 160,838 4,652,886 Contributions $1,543,920 $1,128,899 Gain (loss) on valuation of contributions receivable 539 (3,475) Rental Income - 44,473 Investment return, net 4,823 199,267 TOTAL REVENUE $1,549,282 $1,369,164 75,529 $5,169,857 Liabilities Accounts payable & accrued expenses Grants payable Scholarships payable Due to Sorority Due to NHC TOTAL LIABILITIES 2016 2015 Revenue Expenses $39,293 690,564 99,300 43,029 20,596 $892,782 $29,546 882,026 68,800 39,351 88,136 $1,107,859 Program services Fundraising General and administrative TOTAL EXPENSES $469,984 337,396 239,383 $1,046,763 $628,060 188,934 304,111 $1,121,105 Foundation Net Assets $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 2006 $2,145,813 2007 $2,495,849 2008 $2,675,426 2009 $2,412,263 2010 $2,703,626