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