Statements of Financial Position

As of April 13, 2014 and 2015

ASSETS

2015

2014

Cash

$79,606

$147,932

 Cash - Upon This Rock

 666,597

 -

Accounts Receivable

39,186

24,865

Pledges Receivable - net

99,794

202,401

Upon This Rock Pledges Receivable - Net

4,063,913 

 -

Investments - at fair value

23,701,937

25,937,134

 Investments - charitable gift annuities

100,000 

 -

Other Assets

247,108

226,027

TOTAL ASSETS

$28,998,141

$26,538,359

LIABILITIES & NET ASSETS

 

 

LIABILITIES

 

 

Accounts Payable

$6,177

$83,749

Grants Payable

851,394

843,880

Charitable Gift Annuities

70,864

-

 Upon This Rock Line of Credit

 1,299,215

 -

 Upon This Rock Payable

 1,902,852

 -

TOTAL LIABILITIES

4,130,502

927,629

NET ASSETS

 

 

Unrestricted

($476,761)

$83,749

Temporarily Restricted

13,402,076

13,177,953

Permanently Restricted

11,942,324

11,828,036

TOTAL NET ASSETS

24,867,639

25,610,730

TOTAL LIABILITIES & NET ASSETS

$28,998,141

$26,538,359