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Community Partners is proud of its thorough stewardship of Incubator Services' and Strategic Initiatives' resources. Below you will see a summary of Fiscal Year 2008 financial statements. In addition, we make our Full Audited Financial Statements for 2009 available as a PDF for your convenience.
Statement of Financial Position
June 30, 2009 (with Comparative Totals for 2008)
Assets
| Assets |
2009 |
|
Cash and cash equivalents
Grants and contract receivable, net
Investments
Beneficial interest in California Community Foundation
Prepaid expenses and other assets
Property and equipment, net
|
$5,121,469
6,207,718
4,761,644
470, 524
78,914
54,587 |
| Total assets |
$16,694,856 |
Liabilities and Net Assets
| Liabilities |
2009 |
|
Accounts payable and accrued expenses
Accrued payroll expenses and benefits
Grants payable
|
$736,701
684,078
-
|
| Total liabilities |
$1,420,779 |
| Net Assets |
2009 |
|
Unrestricted
Temporarily restricted
Total net assets
|
$976,194
14,297,883
15,274,077
|
| Total liabilities and net assets |
$16,694,856 |
Statement of Activities
For the Year Ended June 30, 2009 (with comparative totals for the Year Ended June 30, 2008)
| Revenue and support |
Unrestricted |
Temporarily Restricted |
2009 Total |
|
Contributions
Grants
Contract and consulting fees
Federal and state government grants
Conference & special events fees
Investment income
Other income
Strategic initiative revenue
Net assets released from restrictions
Program services
Strategic initiative revenue
Project administration fee
|
$1,290
-
51,116
-
-
154,601
-
11,250
11,814,377
413,798
1,311,404
|
$758,263
10,813,258
569,942
1,066,804
827,041
-
235,637
-
(11,814,377)
(413,798)
(1,311,404)
|
$759,553
10,813,258
621,058
1,066,804
827,041
154,601
235,637
11,250
-
-
-
|
| Total revenue and support |
$13,757,836 |
$731,366 |
$14,489,202 |
| Functional expenses |
Unrestricted |
Temporarily Restricted |
2009 Total |
|
Program services
Supporting services: Management and general
Total functional expenses
|
$11,814,377
2,107,777
13,922,154
|
-
-
-
|
$11,814,377
2,107,777
13,922,154
|
| Net assets, beginning of year as previously reported |
1,140,512 |
11,691,335 |
12,831,847 |
| Prior period adjustments |
- |
1,875,182 |
1,875,182 |
| Change in net assets |
(164,318) |
731,366 |
567,048 |
| Net assets, beginning of year as restated |
1,140,512 |
13,566,517 |
14,707,029 |
| Net assets, end of year |
$976,194 |
$14,297,883 |
$15,274,077 |
Download our Full Audited Financial Statements for 2009
Download our June 2007 990 (PDF 1.2 MB) .
You will need Adobe Acrobat Reader to open a PDF. Click the icon to download the free plugin.
Or, if you prefer, you can request a copy of Community Partners’ audited financial statements by calling or writing to us at:
1000 Alameda Street, Suite 240
Los Angeles, CA 90012
Phone: 213.346.3200
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Financials 