Your Community Foundation » Financial Statements

      2010   2009
SUMMARY STATEMENT
OF FINANCIAL POSITION
December 31, 2010
(with comparative
totals for 2009)		 ASSETS        
Cash and investments $ 33,996,177 $ 27,489,812
Pledges receivable   769,069   414,007
Other Assets   293,810   289,237
TOTAL ASSETS $ 35,059,056 $ 28,193,056
LIABILITIES AND NET ASSETS        
Accounts payable and accrued liabilities $ 402,884 $ 314,916
Funds held for agencies   6,586,779   5,412,502
TOTAL LIABILITIES   6,989,663   5,727,418
NET ASSETS        
Unrestricted   7,803,774   5,465,485
Donor advised   7,982,210   5,074,865
Restricted   12,283,409   11,925,288
TOTAL NET ASSETS   28,069,393   22,465,638
TOTAL LIABILITIES AND NET ASSETS $ 35,059,056 $ 28,193,056
SUMMARY STATEMENT OF
ACTIVITIES AND
CHANGES IN
NET ASSETS
Year Ended
December 31, 2010
(with comparative
totals for 2009)
REVENUE AND SUPPORT        
Total contributions $ 6,173,257 $ 3,722,666
  Less contributions from funds held for agencies   1,881,094   2,110,976
Contributions   4,292,163   1,611,690
Total investment income   3,289,838   5,945,436
  Less investment income on funds held for agencies   382,889   764,514
Investment income   2,906,949   5,180,922
Other income   17,643   16,826
TOTAL REVENUE AND SUPPORT   7,216,755   6,809,438
GRANTS AND EXPENSES        
Total grants   2,309,280   2,058,685
  Less grants from funds held for agencies   1,026,036   1,143,269
Grants   1,283,244   915,416
Total operating expenses   393,426   400,235
  Less administrative fees on funds held for agencies   63,670   43,235
Operating expenses   329,756   357,000
TOTAL GRANTS AND EXPENSES   1,613,000   1,272,416
REVENUE IN EXCESS OF EXPENSES   5,603,755   5,537,022
NET ASSETS - BEGINNING   22,465,638   16,928,616
NET ASSETS - ENDING $ 28,069,393 $ 22,465,638

Auditors: Wipfli LLP

Investment Consultants: Fund Evaluation Group

This is a summarized financial statement presentation.

The Community Foundation of North Central Wisconsin Public Disclosure Policy
The Community Foundation of North Central Wisconsin will make available for public inspection the last three years of its tax documents, including Internal Revenue Service Forms 990, 990-T (if applicable), and the Community Foundation's application for tax exemption, IRS Form 1023. If the request for any of these documents is made in person, the requested documents will be provided on the day of the request, if possible. If the request is in writing (including e-mail), copies will be provided within 30 days of the request. The requestor will be charged a reasonable fee for the cost of copying, plus postage. Additionally, some of these documents are available on GuideStar. Please call 715-845-9555 or e-mail info@cfoncw.org for more information.