Statement of Financial Position
Year Ending December 31, 2007
Assets | Total current assets | $ 59,774,325 | | Property and equipment, net | $ 7,488,298 | | Long-term investments | $ 20,248,399 | | Other assets | $ 794,696 | | Total assets | $ 1,110,058 | Liabilities | Total current liabilities | $ 48,692,940 | | Accrued rent abatement | $ 4,687,061 | | Net assets-unrestricted | $ 35,016,299 | | Net assets-Board designated | $ 119,655 | | Net assets-temporarily restricted | $ 105,125 | | Total liabilities and net assets | $ 88,621,080 | Statement of Activities
Year Ending December 31, 2007 | Revenue | | | Studies and projects | $ 400,232,665 | | Investments | $ 1,244,237 | | Restricted contributions | $ 2,525,725 | | Other | $ 1,205,503 | | Total revenue | $ 405,208,130 | | | | | Expenses | | | Program services | $ 366,554,880 | | Management and administration | $ 28,847,317 | | Program development | $ 7,359,224 | | Total Expenses | $ 402,761,421 | | | | | Change in net assets | | | Unrestricted | $ 1,609,861 | | Temporarily restricted | $ (439,461) | | Net assets, beginning of year | $ 34,070,679 | | Net assets, end of year | $ 35,241,079 | |
