Financials

Community Partners, a 501(c)3 nonprofit organization, is proud of its thorough stewardship of resources.  In addition, we make our Full Audited Financial Statements for 2016 and 2017 available as a PDF for your convenience.

For the Year Ended June 30, 2017

Assets

Cash and cash equivalents

$11,715,814

Grants and contract receivable, net

12,516,112

Prepaid expenses and other assets

509,222

Investments

14,817,647

Beneficial interest in Pasadena Community Foundation

210,910

Beneficial interest in California Community Foundation

1,138,580

Property and equipment, net

269,270

Total assets

$41,177,555

Liabilities and Net Assets

Liabilities

2017

Accounts payable and accrued expenses

1,778,227

Accrued payroll expenses and benefits

1,588,421

Total liabilities

$3,366,648

Net Assets  

Unrestricted

$2,383,681

Temporarily restricted

35,427,226

Total net assets

37,810,907

Total liabilities and net assets

$41,177,555

Statement of Activities

For the Year Ended June 30, 2017

Revenue and support Unrestricted Temporarily Restricted 2017 Total 2016 Total

Conference and special events

Contract fees

Contributions

Corporation and foundation grants

Government revenue

In-kind revenue

Investment income (loss)

Other income

 

Net assets released from restrictions

Program services

Project administration fees

Strategic initiative and
consulting revenue

$10,700

341,908

12,026

59,817

-

-

212,009

-

 

 

31,855,406

3,162,738

1,174,337

$2,319,279

1,071,726

3,200,871

25,949,812

8,192,691

248,706

31,354

154,600

 

 

(31,855,406)

(3,162,738)

(1,174,337)

$2,329,979

1,413,634

3,212,897

26,009,629

8,192,691

248,706

243,363

154,600

 

 

 

 

$2,401,278

1,157,274

2,868,524

30,628,739

4,803,970

306,328

53,476

167,868

 

 

 

 

Total revenue and support $36,828,941 $4,976,558 $41,805,499 $42,387,457
Functional expenses Unrestricted Temporarily Restricted 2017 Total 2016 Total

Program services

Supporting services: Management and general

Fundraising

Total functional expenses

$28,607,549

5,411,555

2,590,402

36,609,506

-

-

-

$28,607,549

5,411,555

2,590,402

36,609,506

$24,055,925

4,455,570

2,254,496

30,765,991

Net assets, beginning of year as previously reported - - - -
Prior period adjustments - - - -
Change in net assets 219,435 4,976,558 5,195,993 11,621,466
Net assets, beginning of year as restated 2,164,246 30,450,668 32,614,914 20,993,448
Net assets, end of year $2,383,681 $35,427,226 $37,810,907 $32,614,914

Download our Full Audited Financial Statements for 2016 and our Full Audited Financial Statements for 2017

Form 990 Downloads:

2017 (PDF)

2016 (PDF)

2015 (PDF)

2014 (PDF)

2013 (PDF)