Financial Statement for Fiscal Year 2012
| FY12 | |
| ASSETS | |
| Cash and cash equivalents | $8,289,307 |
| Grants receivable, net | $4,706,361 |
| Contracts receivable | $1,079,745 |
| Prepaid expenses | $138,711 |
| Deposit | $163,360 |
| Property and equipment, net | $221,717 |
| TOTAL ASSETS | $14,599,201 |
| LIABILITIES AND NET ASSETS | |
| Liabilities | |
| Accounts payable and accrued expenses | $496,322 |
| Accrued payroll | $140,975 |
| Grants payable | $248,688 |
| Refundable grant advance | $804,214 |
| Deferred revenue | $458,767 |
| Deferred rent | $231,743 |
| TOTAL LIABILITIES | $2,380,709 |
| Net Assets | |
| Unrestricted | $735,636 |
| Temporarily restricted | $11,482,856 |
| TOTAL NET ASSETS | $12,218,492 |
| TOTAL LIABILITIES AND NET ASSETS | $14,599,201 |
| FY12 SOURCES OF REVENUE | |
| Grants | $5,206,238 |
| Contracts | $2,906,857 |
| Contributions | $44,867 |
| Rental income | $24,765 |
| Interest income | $17,211 |
| Other income | $29,930 |
| Return of unused grant funds | $(804,214) |
| FY12 EXPENSES BY SERVICES | |
| Health | $6,927,429 |
| Governance | $2,671,950 |
| Market Dynamics | $1,238,326 |
| Education | $1,089,466 |
| Management and General | $226,040 |
