|
Community Partners is proud of its thorough stewardship of Incubator Services' and Strategic Initiatives' resources. Below you will see a summary of Fiscal Year 2007 financial statements. In addition, we make our complete audited financial statements available as a PDF for your convenience. Statement of Financial PositionFor the Year Ended June 30, 2007 Assets | Assets | 2007 | Cash and cash equivalents Grants and contract receivable Investments Beneficial interest in California Community Foundation Prepaid expenses Property and equipment, net | $4,042,502 2,280,255 2,423,311 576,913 24,795 62,999 | | Total assets | $9,410,775 | Liabilities and Net Assets | Liabilities | 2007 | Accounts payable and accrued expenses Grants payable | $954,750 222,227 | | Total liabilities | $1,176,977 | | Commitments | 2007 | Net Assets Unrestricted Temporarily restricted Total net assets | 1,055,928 7,177,870 8,233,798 | | Total liabilities and net assets | $9,410,775 | Statement of Activities For the Year Ended June 30, 2007 | Revenue and support | 2007 Unrestricted | 2007 Temporarily Restricted | 2007 Total | Contributions Grants Contract and consulting fees Government grants Conference & special events fees Investment income Other income Strategic initiative revenue Net assets released from restrictions Program services Strategic initiative revenue Project administration fees | $2,289 6,050
14,098 - - 439,140 - 163,542
10,484,113
153,450 1,022,039 | $635,988 6,359,277 2,278,317 410,955 828,592 - 154,121 -
(10,484,113) (153,450) (1,022,039) | $638,277 6,365,327 2,292,415 410,955 828,592 439,140 154,121 163,542
- - - | | Total revenue and support | $12,284,721 | ($992,352) | $11,292,369 | | Functional expenses | 2007 Unrestricted | 2007 Temporarily Restricted | 2007 Total | Program services Supporting services Management and general Total functional expenses Change in net assets | $10,637,563 1,526,101 12,163,664 121,057 | - - - (992,352) | $10,637,563 1,526,101 12,163,664 (871,295)
| | Net assets, beginning of year | 934,871 | 8,170,222 | 9,105,093 | | Net assets, end of year | $1,055,928 | $7,177,870 | $8,233,798 | Download our Full Audited Financial Statements for 2007 (PDF 250 KB) . Download our June 2007 990 (PDF 1.2 MB) . 
You will need Adobe Acrobat Reader to open a PDF. Click the icon to download the free plugin. Or, if you prefer, you can request a copy of Community Partners’ audited financial statements by calling or writing to us at: 1000 Alameda Street, Suite 240 Los Angeles, CA 90012 Phone: 213.346.3200 |
Financials 