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2008-09
Report to the Community
Financial

StatementsCharitableFundsInitiativesScholarshipAbout the Foundation
 

Statements of Financials

Hudson Valley Community College Foundation Income Statement
Direct Public and Fundraising Support $1,697,942
Net Investment Activity (358,259)
Total Revenues 1,560,080
Total Expenses* 1,694,407
Net Loss (134,327)
Decrease in Net Assets $(134,327)

*Includes $886,258 for student scholarship assistance and support of college initiatives.

Hudson Valley Community College Foundation Statements of Financial Position
August 31, 2009 and 2008

2009 2008
Assets
Current Assets
Cash $651,016 $428,813
Current portion of pledges receivable 90,412 31,487
Prepaid expenses -   1,085
  Interest and other receivable 14,613
-
Total current assets 756,041 461,385
Pledges receivable due after one year 48,340
Other assets 10,000 10,000
Investments 2,838,721 3,128,002
Guenther Trust assets 450,639 519,575
Beneficial interest in perpetual trust 75,481 70,309
Cash value of life insurance 270,214
271,251
$4,449,436 $4,460,522
Liability and Net Assets
Accounts payable and accrued expenses 17,660 23,773
Deferred revenue   81,913
111,495
Total liabilities 99,573 135,268
Unrestricted
Board designated 17,001 21,433
  Undesignated(deficit) (235,671)
334,043
Net assets (218,670) 355,476
Temporarily restricted 1,554,059 1,544,572
Permanently restricted 3,014,474
2,425,206
  Total net assets 4,349,863
4,325,254
   
Total liabilities and assets $4,449,436 $4,460,522