13
Statement of Financial Position
December 31, 2015 and 2014
ASSETS 2015 2014
Cash & cash equivalents $ 531,969 $ 641,402
Property & equipment 25,430 15,493
Investments, at market 2,239,811 2,233,120
TOTAL ASSETS $6,689,174 $6,568,191
LIABILITIES
Accounts payable 5,809 15,271
Accrued wages 6,812 8,676
Accrued expenses 2,289 1,282
Assets held for others 159,845 105,854
Charitable gift annuity - 76,815
TOTAL LIABILITIES $174,755 $207,898
NET ASSETS
Unrestricted $1,686,911 $1,832,422
Temporarily restricted 2,587,697 2,294,751
Permanently restricted 2,239,811 2,233,120
TOTAL LIABILITIES
AND ASSETS $6,689,174 $6,568,191
Statement of Income and Expenses
December 31, 2015 and 2014
INCOME 2015 2014
Contributions $ 855,890 $ 278,074
Securities gains (losses) (112,461) 304,381
Other income 10,650 507,725
TOTAL INCOME $ 754,079 $1,090,180
EXPENSES
Grants 217,846 224,651
Scholarships 131,900 147,435
Other expenses 41,832 47,642
Program service 74,481 86,599
Management & general 133,894 124,663
TOTAL EXPENSES $ 599,953 $ 630,990
CHANGE IN NET ASSETS $154,126 $ 459,190
NET ASSETS AT BEGINNING
OF YEAR $6,360,293 $5,901,103
NET ASSETS AT END
OF YEAR $6,514,419 $6,360,293
2015 Honorariums and
Memorials continued from p. 11
Eric Moore
Robert Oswalt
Bernard Pace
Dr. George Parks
Peter Redmond
Joann Rees
Kenny Rees
Robert Renner
Jim Richards
Dean Rinker
Freida Quillen Rogers
Patricia Schantz
Daniel Schrope
John Scott
Charles Sharp
Donald "Dick" Smith
Bonnie Stath
Betty Sutton
Anita Tatman
Wayne Townsend
Russell Trees
Kenny Warner
Katelin Williamson
Carol Wolfe
Financial Statement for 2015 and 2014