Carpenter Foundation Grants
July 1, 2007 - June 30, 2008
Download the .pdf version
of the 2008 Carpenter Foundation annual report:
 |
Download the Carpenter Foundation booklet:
50 Years of
Growing Community
Financial Statements
| STATEMENT OF FINANCIAL POSITION As of June 30 |
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| Liabilities and fund balance | 2009 | 2008 |
| Grants payable | 139,423 | 264,509 |
| Excise tax payable | 0 | 43,794 |
| Fund balance | 14,877,151 | 20,396,448 |
| Total Liabilities and fund balance | 15,016,574 | 20,704,751 |
| STATEMENT OF ACTIVITIES Years ended June 30 |
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| Revenue | 2009 | 2008 |
| Interest and dividends | 591,114 | 1,190,414 |
| Net realized & unrealized | (5,166,785) | (1,439,910) |
| Other income | 1,006 | 4,550 |
| Total revenue | (4,574,665) | (244,946) |
| Expenditures | ||
| Grants | 714,062 | 963,055 |
| Financial management | 18,614 | 21,401 |
| Administrative expenses | 226,528 | 190,800 |
| Federal excise tax | (14,572) | (44,330) |
| Total expenditures | 944,632 | 1,130,926 |
| Excess of revenue over expenditures | (5,519,297) | (1,375,872) |
| Fund balance, beginning of year | 20,396,448 | 21,772,320 |
| Fund balance, end of year | 14,877,151 | 20,396,448 |
The condensed financial statements were derived from audited financial statements.
“The life of a man consists not in seeing visions and in dreaming dreams,
but in active charity and in willing service.”
— Henry Wadsworth Longfellow