THE COMMUNITY FOUNDATION OF HERKIMER AND ONEIDA COUNTIES, INC.
STATEMENTS OF FINANCIAL POSITION

December 31, 2010 (audited) and 2009

 

Assets	2010	2009
Cash	$988,392	$1,007,363
Investments	91,993,806	81,671,272
Interest and Dividends Receivable	5,245	12,846
Loans Receivable	31,308	61,441
Promises to Give	46,640	444,237
Charitable Remainder Trust	129,083	130,682
Property, Net	28,873	37,502
Other Current Assets	152,240	5,669
Total Assets	$93,375,587	$83,371,012
Liabilities
Grants Payable	$953,075	$894,533
Accounts Payable and Accrued Expenses	105,512	82,052
Compensated Absences	8,353	7,789
Agency Funds	3,976,697	3,037,860
Total Liabilities	4,218,696	4,322,484
Net Assets	88,089,951	79,048,528
Total Liabilities and Net Assets	$93,375,587	$83,371,012
Statements of Activities for the Years Ended December 31, 2010 (audited) and 2009
Revenue, Gains, and Support	2010	2009
Gifts and Bequests	$1,271,294	$8,804,396
Investment Income (Net)	11,695,971	15,052,011
Total Revenue, Gains, and Support	13,072,689	23,856,407
Expenses
Program Services
Grants Approved	2,999,818	1,630,290
Program Sponsored Initiatives	46,373	53,520
Supporting Services
Management and General	985,075	929,118
Total Expenses	4,031,266	2,612,928
Increase (Decrease) in Net Assets	9,041,423	21,243,479
Net Assets, Beginning of Year	79,048,528	57,805,049
Net Assets, End of Year	88,089,951	79,048,528

 

Statements audited by D’Arcangelo & Co. LLP. A copy of the last financial report and Information Returns (form 990, 990T when applicable, and CHAR 500) can be obtained by contacting The Foundation office or by written request to the Office of the Attorney General, Department of Law, Charities Bureau, 120 Broadway, New York NY 10271.

For more information, contact Director of Finance Gilles Lauzon at (315) 735-8212.

Audited Financials | 990 | CHAR 500