Statement of Financial Position
Year Ending December 31, 2008
Assets | Total current assets | $ 98,036,642 | | Property and equipment, net | $ 9,615,733 | | Long-term investments | $ 13,545,079 | | Other assets | $ 738,438 | | Total assets | $ 121,935,892 | Liabilities | Total current liabilities | $ 76,691,585 | | Accrued rent abatement | $ 7,588,809 | | Net assets-unrestricted | $ 37,425,563 | | Net assets-Board designated | $ 136,105 | | Net assets-temporarily restricted | $ 93,830 | | Total liabilities and net assets | $ 121,935,892 | Statement of Activities
Year Ending December 31, 2008 | Revenue | | | Studies and projects | $ 411,802,610 | | Investments | $ (6,044,868) | | Restricted contributions | $ 2,656,631 | | Other | $ 4,957,235 | | Total revenue | $ 413,371,608 | | | | | Expenses | | | Program services | $ 369,866,913 | | Management and administration | $ 32,498,987 | | Program development | $ 8,476,662 | | Total Expenses | $ 410,842,562 | | | | | Change in net assets | | | Unrestricted | $ 2,425,714 | | Temporarily restricted | $ (11,295) | | Net assets, beginning of year | $ 35,241,079 | | Net assets, end of year | $ 35,655,498 | |
