Community Partners - Financials

Financials

Community Partners is proud of its thorough stewardship of resources. Below you will see a summary of Fiscal Year 2011 financial statements. In addition, we make our Full Audited Financial Statements for 2011 available as a PDF for your convenience.

Statement of Financial Position

For the Year Ended June 30, 2011

Assets

2011

Cash and cash equivalents

Grants and contract receivable, net

Investments

Beneficial interest in California Community Foundation

Beneficial interest in Pasadena Community Foundation

Prepaid expenses and other assets

Property and equipment, net

$5,550,258

4,655,613

4,007,486

621,846

171,177

212,216

48,868

Total assets

$15,267,464

Liabilities and Net Assets

Liabilities

2010

Accounts payable and accrued expenses

Accrued payroll expenses and benefits

Grants payable

$880,332

655,488

Total liabilities

$1,535,820

Net Assets

2010

Unrestricted

Temporarily restricted

Total net assets

$1,298,306

12,433,338

13,731,644

Total liabilities and net assets

$15,267,464

Statement of Activities

For the Year Ended June 30, 2011

Revenue and support

Unrestricted

Temporarily Restricted

2011 Total

2010 Total

Conference and special events

Contract and consulting fees

Contributions

Corporation and foundation grants

Government revenue

In-kind revenue

Investment income

Other income

Net assets released from restrictions

Program services

Project administration fees

Strategic initiative and
consulting revenue

$302,092

2,519

45,127

157,919

14,467,486

1,510,832

651,374

$1,493,903

483,616

619,750

9,003,270

3,420,257

39,705

276,919

(14,467,486)

(1,510,832)

(651,374)

$1,493,9030

785,708

622,269

9,003,270

3,420,257

168,313

197,624

276,919

$1,129,350

671,957

736,308

9,273,759

2,542,393

165,768

209,490

Total revenue and support

$17,137,349

$(1,292,272)

$15,845,077

$14,897,338

Functional expenses	Unrestricted	Temporarily Restricted	2010 Total	2009 Total
Program services Supporting services: Management and general Total functional expenses	$14,404,485 1,363,823 16,938,913	- - -	$14,404,485 1,363,823 16,938,913	$13,094,167 2,251,768 15,345,935
Net assets, beginning of year as previously reported	-	-	-	-
Prior period adjustments	-	-	-	-
Change in net assets	198,463	(1,292,272)	(1,093,836)	448,597
Net assets, beginning of year as restated	1,099,870	13,725,610	14,825,480	$15,274,077
Net assets, end of year	$1,298,306	$12,433,338	$13,731,644	$14,825,480