The NARAS Foundation (dba The GRAMMY Foundation)
|
|
- Alexina Merritt
- 5 years ago
- Views:
Transcription
1 The NARAS Foundation (dba The GRAMMY Foundation) Financial Statements as of and for the Years Ended July 31, 2015 and 2014, and Independent Auditors Report
2 INDEPENDENT AUDITORS REPORT To the Board of Directors of The NARAS Foundation: We have audited the accompanying financial statements of The NARAS Foundation (dba The GRAMMY Foundation) ( The GRAMMY Foundation ), which comprise the statements of financial position as of July 31, 2015 and 2014, and the related statements of activities, cash flows, and functional expenses for the years then ended, and the related notes to the financial statements. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to The GRAMMY Foundation s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of The GRAMMY Foundation s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
3 Opinion In our opinion, such financial statements referred to above present fairly, in all material respects, the financial position of The GRAMMY Foundation as of July 31, 2015 and 2014, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. April 29,
4 THE NARAS FOUNDATION (dba The GRAMMY Foundation) STATEMENTS OF FINANCIAL POSITION AS OF JULY 31, 2015 AND 2014 ASSETS CURRENT ASSETS: Cash and cash equivalents (Note 2) $ 1,797,228 $ 1,514,315 Receivables 197, ,542 Prepaid expenses and other current assets 173, ,385 Total current assets 2,167,731 1,908,242 PROPERTY Net (Note 3) - - BOARD-DESIGNATED INVESTMENTS (Note 4) 4,902,494 4,856,302 DEFERRED COMPENSATION ASSET (Note 8) 88,975 76,404 TOTAL $ 7,159,200 $ 6,840,948 LIABILITIES AND NET ASSETS CURRENT LIABILITIES: Accounts payable and accrued liabilities $ 182,640 $ 318,089 Payable to The Recording Academy 76,430 96,334 Payable to MusiCares Foundation 319, ,572 Deferred revenue (Note 2) 882, ,062 Total current liabilities 1,461,394 1,383,057 DEFERRED COMPENSATION LIABILITY (Note 8) 88,975 76,404 Total liabilities 1,550,369 1,459,461 NET ASSETS (Note 2): Unrestricted net assets: Board designated (Note 4) 4,902,494 4,856,303 Other unrestricted net assets 438, ,932 Total unrestricted net assets 5,341,002 5,066,235 Temporarily restricted net assets (Note 7) 267, ,252 Total net assets 5,608,831 5,381,487 TOTAL $ 7,159,200 $ 6,840,948 See notes to financial statements
5 THE NARAS FOUNDATION (dba The GRAMMY Foundation) STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED JULY 31, 2015 AND 2014 Temporarily Temporarily Unrestricted Restricted Total Unrestricted Restricted Total SUPPORT AND REVENUES: Entertainment Law Initiative (Note 6) $ 263,950 $ - $ 263,950 $ 238,650 $ - $ 238,650 GRAMMY Career Day - 32,850 32,850-25,000 25,000 GRAMMY Jazz Ensembles - 81,320 81, , ,097 GRAMMY Signature Schools - 278, , , ,000 GRAMMY Camp (Notes 5 and 6) - 720, , , ,102 GRAMMY Foundation Grants (Note 6) - 200, , , ,000 Legacy Concert 113, , , ,596 Living Histories - 37,500 37, Music Educators Award - 263, , , ,776 Contributions from The Recording Academy (Note 6) 2,142,426-2,142,426 1,966,291-1,966,291 Interest and dividend income 231, , , ,461 Unrealized gain (loss) on investments net (260,221) - (260,221) 263, ,068 Realized gain on investments net 114, ,354 22,711-22,711 Other income 1,207,309-1,207,309 1,429,494-1,429,494 Total support and revenues 3,812,991 1,614,071 5,427,062 4,307,271 1,572,975 5,880,246 NET ASSETS RELEASED FROM RESTRICTION Satisfaction of program restrictions 1,661,494 (1,661,494) - 1,776,094 (1,776,094) - PROGRAM SERVICES AND SUPPORTING EXPENSES: Program services: GRAMMY Camp 946, , , ,154 GRAMMY Career Day 118, , , ,380 GRAMMY Foundation Grants 353, , , ,893 GRAMMY Jazz Ensembles 373, , , ,492 Entertainment Law Initiative 225, , , ,892 GRAMMY Signature Schools 364, , , ,561 Legacy Concert 333, , , ,586 GITS.com Website 22,963-22,963 61,714-61,714 GRAMMY Sound Checks Living Histories 106, ,635 66,795-66,795 Music Educators Award 320, , , ,251 Outreach and Other Programs 355, , , ,060 Total program services 3,521,561-3,521,561 3,519,252-3,519,252 Supporting expenses: Fund-raising 891, ,485 1,022,393-1,022,393 Administrative expenses 786, , , ,875 A Starry Night - 45,093-45,093 Total supporting expenses 1,678,157-1,678,157 1,727,361-1,727,361 Total program services and and supporting expenses 5,199,718-5,199,718 5,246,613-5,246,613 INCREASE (DECREASE) IN NET ASSETS 274,767 (47,423) 227, ,752 (203,119) 633,633 NET ASSETS: Beginning of year 5,066, ,252 5,381,487 4,229, ,371 4,747,854 End of year $ 5,341,002 $ 267,829 $ 5,608,831 $ 5,066,235 $ 315,252 $ 5,381,487 See notes to financial statements
6 STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED JULY 31, 2015 AND 2014 CASH FLOWS FROM OPERATING ACTIVITIES: Increase in net assets $ 227,344 $ 633,633 Adjustments to reconcile increase in net assets to net cash provided by (used in) operating activities: Depreciation Unrealized loss (gain) on investments net 260,221 (263,068) Realized loss (gain) on investments net (114,354) (22,711) Changes in operating assets and liabilities: Receivables (20,951) (22,937) Prepaid expenses and other current assets 44,375 (27,307) Accounts payable and accrued liabilities (135,449) (15,569) Payable to The Recording Academy (19,904) (444,569) Payable to MusiCares Foundation 29,977 50,020 Deferred revenue 203,713 52,856 Net cash provided by (used in) operating activities 474,972 (59,323) CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of investments (1,473,704) (738,225) Proceeds from sale of investments 1,281, ,367 Net cash used in investing activities (192,059) (133,858) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 282,913 (193,181) CASH AND CASH EQUIVALENTS Beginning of year 1,514,315 1,707,496 CASH AND CASH EQUIVALENTS End of year $ 1,797,228 $ 1,514,315 See notes to financial statements
7 THE NARAS FOUNDATION (dba The GRAMMY Foundation) STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDED JULY 31, 2015 GRAMMY GRAMMY GRAMMY Entertainment GRAMMY Music Outreach Total Total GRAMMY Career Foundation Jazz Law Signature Legacy GITS.com Living Educators and Other Program Administrative Supporting Camp Day Grants Ensembles Initiative Schools Concert Website Histories Award Programs Services Fund-Raising Expenses Expenses Total ADMINISTRATION $ 168,211 $ 14,850 $ 13,457 $ 44,522 $ 40,985 $ 19,260 $ 48,281 $ 3,519 $ 8,145 $ 96,752 $ 96,297 $ 554,279 $ 127,313 $ 123,638 $ 250,951 $ 805,230 COMPUTER EXPENSES 8, ,434 1,988 1,330 1,448 1,071 2, ,422 2,787 23,478 9,977 7,789 17,766 41,244 CONTRIBUTIONS/ GRANTS ,746-11, ,500 15, , ,246 10,000 3,250 13, ,496 EVENT EXPENSES 59,747 42,039-38,669 52,042 2, ,658-1,023-15, ,014 3,364 3,016 6, ,394 PROFESSIONAL FEES 202,897 11,457 32,153 61,544 10,985 20,420 40,791 2,760 15,167 66,978 48, , , , , ,604 SALARIES AND BENEFITS 309,723 43, , ,975 51, ,719 97,389 14,232 70,170 98, ,605 1,193, , , ,647 2,098,951 TRAVEL AND ENTERTAINMENT 195,012 6,193 4,802 91,281 56,354 2,245 12,712-1,441 11,532 17, , ,639 29, , ,479 VIDEO SERVICES 2, , ,934 6,060 12,000 33, ,320 TOTAL $ 946,141 $ 118,787 $ 353,545 $ 373,039 $ 225,883 $ 364,358 $ 333,895 $ 22,963 $ 106,635 $ 320,360 $ 355,955 $ 3,521,561 $ 891,485 $ 786,672 $ 1,678,157 $ 5,199,718 See notes to financial statements
8 THE NARAS FOUNDATION (dba The GRAMMY Foundation) STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEAR ENDED JULY 31, 2014 GRAMMY GRAMMY GRAMMY Entertainment GRAMMY GRAMMY Music Outreach Total Total GRAMMY Career Foundation Jazz Law Signature Legacy GITS.com Sound Living Educators and Other Program Administrative A Starry Supporting Camp Day Grants Ensembles Initiative Schools Concert Website Checks Histories Award Programs Services Fund-Raising Expenses Night Expenses Total ADMINISTRATION $ 121,155 $ 31,181 $ 17,873 $ 42,052 $ 41,533 $ 18,614 $ 41,932 $ 4,756 $ 75 $ 4,992 $ 120,472 $ 96,631 $ 541,266 $ 150,377 $ 115,626 $ 6,152 $ 272,155 $ 813,421 COMPUTER EXPENSES 7, ,651 1,820 1,567 1,400 1,235 2, ,728 2,753 23,872 7,537 6, ,192 39,064 CONTRIBUTIONS/ GRANTS , , , ,557-2,675-2, ,232 EVENT EXPENSES 106,703 52,180-33,582 69,203 2, , ,158 9, ,612 89,026 5,764-94, ,402 PROFESSIONAL FEES 181,606 15,603 17,276 55,611 9,865 16,317 56,697 31, ,620 38,623 21, , , ,175 3, , ,219 SALARIES AND BENEFITS 335,230 47, , ,431 62,121 94,617 94,489 23, , , ,743 1,192, , ,567 34, ,274 2,003,672 TRAVEL AND ENTERTAINMENT 170,895 8,527 4,385 90,641 45,803 4,732 15, ,692 31,876 12, , ,186 29, , ,680 VIDEO SERVICES 4, ,659 1,355 1, ,850 8,110-28,574 2, ,020 30,594 Subtotal 927, , , , , , ,586 61, , , ,060 3,519,252 1,022, ,546 45,093 1,727,032 5,246,284 DEPRECIATION TOTAL $ 927,154 $ 156,380 $ 368,893 $ 335,492 $ 231,892 $ 381,561 $ 314,586 $ 61,714 $ 474 $ 66,795 $ 373,251 $ 301,060 $ 3,519,252 $ 1,022,393 $ 659,875 $ 45,093 $ 1,727,361 $ 5,246,613 See notes to financial statements
9 THE NARAS FOUNDATION (dba The GRAMMY Foundation) NOTES TO FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED JULY 31, 2015 AND ORGANIZATION The NARAS Foundation (dba The GRAMMY Foundation) ( The GRAMMY Foundation ) was incorporated in 1988 to cultivate the understanding, appreciation, and advancement of the contribution of recorded music on American culture from the artistic and technical legends of the past to the still unimagined musical breakthroughs of the future generations of music professionals. The GRAMMY Foundation accomplishes this mission through programs and activities designed to engage the music industry and cultural community, as well as the general public. The GRAMMY Foundation works year-round with National Academy of Recording Arts & Sciences, Inc. ( The Recording Academy ) to bring national attention to important issues, such as the value and impact of music and arts education and the urgency of preserving our rich cultural legacy. The GRAMMY Foundation, along with MusiCares Foundation, Inc. ( MusiCares Foundation ), a related party established to provide financial assistance grants and addiction recovery services to the music community, supports the charitable goals of The Recording Academy. Federal and State Income Taxes The GRAMMY Foundation is generally exempt from federal and state income taxes under Internal Revenue Code (IRC) Section 501(c)(3) and corresponding state provisions, except for unrelated business income, which is subject to tax. The GRAMMY Foundation holds a nonprivate foundation status pursuant to IRC Section 509(a)(1), specifically under IRC Section 170(b)(1)(A)(vi). 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include demand deposits and short-term investments with maturities of 90 days or less from the purchase date. Board-Designated Investments Investments are carried at fair value based upon market quotations. Securities transactions are accounted for on trade dates. Dividend income is recorded on the ex-dividend date, and interest income is recorded as earned on the accrual basis. Realized and unrealized gains and losses are determined by comparison of specific cost of acquisition to proceeds at the time of disposal or fair value at the dates of the statements of financial position. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements
10 Depreciation Depreciation of property is provided for over the estimated useful lives of the assets (three to seven years) on the straight-line basis. Deferred Revenue Deferred revenue results from advance payments for The GRAMMY Foundation programs and goods/services that have been sold at auction, but have not yet been provided. Advance payments for events are recognized as revenue when the events take place. Auction revenue is recognized at the time the goods and/or services are provided to the auction winner. Net Assets All revenues and support are included in unrestricted net assets, unless they are specifically restricted by the donor s terms of the gift or require the passage of time. Contributions initially recorded as temporarily restricted net assets are reclassified to unrestricted net assets when restrictions have been met. Contributions whose restrictions are met in the same year as the contribution is made are initially classified as temporarily restricted net assets and reclassified to unrestricted net assets in the same year. The Board of Directors ( Board ) has allocated certain net assets of The GRAMMY Foundation to specific purposes, which are presented as Board-designated in the statements of financial position. In-Kind Donations In-kind donations primarily relate to goods and services that are donated by vendors and are given to The GRAMMY Foundation participants or are used for other fund-raising and program purposes. Donated goods and services received were estimated to have a fair value of $62,546 in 2015 and were included in Legacy Concert and GRAMMY Camp. Donated goods and services received were estimated to have a fair value of $69,130 in 2014 and were included in Legacy Concert, GRAMMY Jazz Ensembles, GRAMMY Camp, and other income. In-kind donations from The Recording Academy relate to discount on rental expenses, and event tickets contributed in the amount of $227,706 and $227,206 for the years ended July 31, 2015 and 2014, respectively (see Note 6). Contributed goods and services are reported as contributions at their fair value if such goods and services create or enhance nonfinancial assets, would have been purchased if not provided by contribution or require specialized skills, and are provided by individuals possessing such specialized skills. Income Taxes The GRAMMY Foundation accounts for income taxes in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes. FASB ASC 740 prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the company has taken, or expects to take, on a tax return. During the years ended July 31, 2015 and 2014, The GRAMMY Foundation did not record any liability for unrecognized tax benefits. Financial Instruments Financial instruments consist of cash equivalents, receivables, Board-designated investments, deferred compensation asset and liability, accounts payable and accrued liabilities, and payables to The Recording Academy and MusiCares Foundation. Financial instruments, other than Boarddesignated investments, are stated at cost, which closely approximate their carrying value due to their short-term maturities and as these are the amounts at which they are expected to be realized or liquidated. Refer to Note 4 for information related to the fair value of Board-designated investments. Subsequent Events The GRAMMY Foundation has evaluated subsequent events through April 29, 2016, the date the financial statements were available to be issued, and has determined that there are no subsequent events that require disclosure in these audited financial statements
11 3. PROPERTY Property as of July 31, 2015 and 2014, consists of the following: Office equipment $ 3,142 $ 3,142 Computer equipment and software 56,645 56,645 Furniture and fixtures 11,692 11,692 Total property 71,479 71,479 Accumulated depreciation (71,479) (71,479) Property net $ - $ - Depreciation expense amounted to $0 and $329 in 2015 and 2014, respectively. 4. BOARD-DESIGNATED INVESTMENTS Board-designated investments at July 31, 2015 and 2014, represent funds that are specifically designated by the Board and are maintained in cash equivalents and mutual funds primarily invested in equity securities, fixed-income investments, and broad commodity investments. Cash equivalents included in Board-designated investments represent cash held by The GRAMMY Foundation s investment managers that will be invested based on The GRAMMY Foundation s investment strategy. The GRAMMY Foundation presents its investments in accordance with FASB ASC 820, Investments. FASB ASC 820 requires classifying holdings as Level 1, Level 2, or Level 3 based upon various inputs or methodologies used to value the holdings as summarized below: Level 1 Quoted prices in active markets for identical assets. The GRAMMY Foundation s Level 1 Board-designated investments include cash equivalents and investments registered with the Securities and Exchange Commission as mutual funds under the Investment Company Act of Level 2 Significant observable market-based inputs, other than Level 1 quoted prices, or unobservable inputs that are corroborated by market data. The GRAMMY Foundation does not hold any investments classified as Level 2. Level 3 Significant unobservable inputs that are not corroborated by observable market data. The GRAMMY Foundation does not hold any investments classified as Level 3. The inputs or methodologies used for valuing The GRAMMY Foundation s holdings are not necessarily an indication of the risks associated with investing in those holdings. The estimated fair value amounts have been determined by The GRAMMY Foundation using available market information and appropriate valuation methodologies. Management judgment is required to develop estimates of fair value for certain holdings. Accordingly, the estimates presented below are not necessarily indicative of the amounts The
12 GRAMMY Foundation could have realized in an actual market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. Where significant inputs used to measure fair value of any investment fall into different levels of the fair value hierarchy, that investment is included in the lowest level, which relates to any such input. As of July 31, 2015, The GRAMMY Foundation s holdings applying the FASB ASC 820 hierarchy are as follows: Quoted Prices in Active Fair Value Markets for Measurements Identical Assets July 31, 2015 (Level 1) Cash equivalents $ 512 $ 512 Mutual funds: US equity funds 1,679,303 1,679,303 Global equity funds 1,160,074 1,160,074 US fixed-income bond funds 1,738,938 1,738,938 Global fixed-income bond funds 101, ,547 Other 222, ,120 Total Board-designated investments $ 4,902,494 $ 4,902,494 As of July 31, 2014, The GRAMMY Foundation s holdings applying the FASB ASC 820 hierarchy are as follows: Quoted Prices in Active Fair Value Markets for Measurements Identical Assets July 31, 2014 (Level 1) Cash equivalents $ 512 $ 512 Mutual funds: US equity funds 1,754,734 1,754,734 Global equity funds 1,102,531 1,102,531 US fixed-income bond funds 1,639,214 1,639,214 Global fixed-income bond funds 140, ,198 Other 219, ,113 Total Board-designated investments $ 4,856,302 $ 4,856,302 Transfers between levels are recognized based on the beginning fair value of the fiscal year in which they occurred. There were no transfers between levels during 2015 or The fair value of other financial instruments is discussed in Note
13 5. GRANT REVENUE The GRAMMY Foundation was supplemented by charitable grants from unrelated organizations. In 2015 and 2014, grants received totaled $240,000 and $172,994, respectively, representing approximately 4% and 3%, respectively, of total revenues each year. 6. AFFILIATED ENTITY TRANSACTIONS The GRAMMY Foundation received cash and noncash contributions and services from The Recording Academy amounting to $2,463,023 and $2,333,550 in 2015 and 2014, respectively. The details are described below: Cash contributions: General cash contribution: General contribution $ 1,914,720 $ 1,686,245 GRAMMY 401(k) Discretionary Contribution - 52,840 Entertainment Law Initiative (event) 4,545 3,150 GRAMMY Foundation Grants (program) 200, ,000 GRAMMY Camp (program) 17,500 47,000 Music Educator Award (program) 98, ,109 Total cash contributions 2,235,317 2,106,344 Noncash contributions: Discount on rental expenses 197, ,956 GRAMMY Show tickets 28,000 28,000 Special Merit Awards Ceremony 1,750 1,250 Total noncash contributions 227, ,206 Total cash and noncash contributions $ 2,463,023 $ 2,333,550 Total contributions from The Recording Academy provided approximately 45% and 40% of total support and revenues in 2015 and 2014, respectively. Program-related contributions are shown as temporarily restricted revenues for those specific programs in the statements of activities. The Recording Academy has historically made general cash contributions to The GRAMMY Foundation to support ongoing operations. Through The Recording Academy s budgetary process, its board of trustees voted to make the discretionary general cash contribution payment to be $1,778,160 for the fiscal year ending July 31, This contribution is subject to change by the board of trustees of The Recording Academy and will be recorded as contribution revenue at the time it is received
14 The GRAMMY Foundation was billed by The Recording Academy for certain expenses incurred on its behalf amounting to $358,780 and $336,030 in 2015 and 2014, respectively. The details are described below: Salaries and benefits $ 226,811 $ 188,740 Other operating expenses (shared services) 131, ,290 Total expenses billed by The Recording Academy $ 358,780 $ 336,030 As of July 31, 2015 and 2014, The GRAMMY Foundation paid the affiliates face value for event tickets as follows: Tickets purchased from affiliates: The Recording Academy GRAMMY Show and related tickets $ 129,200 $ 110,600 MusiCares Foundation Person of the Year Tribute 22,500 39,000 Total tickets purchased from affiliates $ 151,700 $ 149,600 The GRAMMY Foundation and MusiCares Foundation share some executive staff and events department staff. The salaries and benefits for these shared staff members are either paid in equal parts by respective foundation, or they are paid fully by the foundation for which they predominantly work, and an intercompany allocation is then made to the other foundation commensurate with the percentage of time worked for that foundation. 7. TEMPORARILY RESTRICTED NET ASSETS Temporarily restricted net assets as of July 31, 2015 and 2014, are available for the following purposes: GRAMMY Camp $ 156,360 $ 203,208 Signature Schools 111,469 94,419 Living Histories - 17,625 Total $ 267,829 $ 315,
15 Net assets during the years ended July 31, 2015 and 2014, were released from donor restriction by incurring expenses satisfying the restricted purposes or by occurrence of other events specified by the donors: Temporary restrictions accomplished: GRAMMY Camp $ 767,198 $ 705,041 GRAMMY Career Day 32,850 64,801 GRAMMY Foundation Grants 200, ,000 GRAMMY Jazz Ensembles 81, ,097 GRAMMY Signature Schools 261, ,801 Music Educators Award 263, ,776 Living Histories 55,125 26,578 Total net assets released from restriction $ 1,661,494 $ 1,776, BENEFIT PLANS 401(k) Plan Effective August 1, 1997, The Recording Academy established a 401(k) plan covering eligible employees of The GRAMMY Foundation and certain affiliated entities, including The Recording Academy; MusiCares Foundation; Latin Academy of Recording Arts & Sciences, Inc.; and Latin GRAMMY Cultural Foundation. Eligible employees can elect to defer compensation subject to Internal Revenue Service withholding rules. In 2015 and 2014, The GRAMMY Foundation made a contribution match of 50% of its employees elective deferral contributions, which amounted to $50,113 in 2015 and $48,650 in Additionally, for each plan year, The GRAMMY Foundation has the option of making an employer discretionary match. A discretionary match was made in 2015 and 2014 of $65,753 and $52,840, respectively. In 2014, the discretionary match was funded through contributions from The Recording Academy (see Note 6). Executive Compensation Program The GRAMMY Foundation maintains a deferred compensation plan as described under Section 457(b) of the IRC. The 457(b) plan provides eligible executives with the opportunity to make voluntary contributions on a pretax basis. Total compensation deferred as of July 31, 2015 and 2014, was $88,975 and $76,404, respectively. ******
The NARAS Foundation (dba The GRAMMY Foundation)
The NARAS Foundation (dba The GRAMMY Foundation) Financial Statements as of and for the Years Ended July 31, 2011 and 2010, and Independent Auditors Report INDEPENDENT AUDITORS REPORT To the Board of Directors
More informationThe NARAS Foundation (dba The GRAMMY Foundation)
The NARAS Foundation (dba The GRAMMY Foundation) Financial Statements as of and for the Years Ended July 31, 2010 and 2009, and Independent Auditors Report INDEPENDENT AUDITORS REPORT To the Board of Directors
More informationMusiCares Foundation, Inc. Financial Statements as of and for the Years Ended July 31, 2015 and 2014, and Independent Auditors Report
MusiCares Foundation, Inc. Financial Statements as of and for the Years Ended July 31, 2015 and 2014, and Independent Auditors Report INDEPENDENT AUDITORS REPORT To the Board of Directors of MusiCares
More informationMusiCares Foundation, Inc. Financial Statements as of and for the Years Ended July 31, 2011 and 2010, and Independent Auditors Report
MusiCares Foundation, Inc. Financial Statements as of and for the Years Ended July 31, 2011 and 2010, and Independent Auditors Report INDEPENDENT AUDITORS REPORT To the Board of Directors of MusiCares
More informationFoundation for Teaching Economics. Financial Report December 31, 2014
Foundation for Teaching Economics Financial Report December 31, 2014 Contents Independent Auditor s Report 1 Financial Statements Statement of financial position 2 Statement of activities 3 Statement of
More informationADOPT-A-CLASSROOM, INC. FINANCIAL STATEMENTS. Years Ended June 30, 2016 and 2015
ADOPT-A-CLASSROOM, INC. FINANCIAL STATEMENTS Years Ended June 30, 2016 and 2015 Mayer Hoffman McCann P.C. An Independent CPA Firm 222 South Ninth Street, Suite 1000 Minneapolis, Minnesota 55402 Main: 612.339.7811
More informationHOMES FOR OUR TROOPS, INC.
FINANCIAL STATEMENTS CONTENTS Independent Auditors Report... 1-2 Financial Statements Statements of Financial Position...3 Statements of Activities...4 Statements of Cash Flows...5 Statements of Functional
More informationCOSMETIC EXECUTIVE WOMEN FOUNDATION, LTD.
COSMETIC EXECUTIVE WOMEN FOUNDATION, LTD. FINANCIAL STATEMENTS DECEMBER 31, 2014 and 2013 INDEPENDENT AUDITORS' REPORT Board of Governors Cosmetic Executive Women Foundation, Ltd. New York, New York Report
More informationThe Connecticut Society of Certified Public Accountants Incorporated and Affiliated Entity
The Connecticut Society of Certified Public Accountants Incorporated and Affiliated Entity Independent Auditors Report, Combined Financial Statements and Supplemental Schedules As of and for the Years
More informationTHE NEW YORK WOMEN'S FOUNDATION, INC.
FINANCIAL STATEMENTS DECEMBER 31, 2015 and 2014 EisnerAmperLLP 750ThirdAvenue NewYork,NY10017-2703 T 212.949.8700 F212.891.4100 INDEPENDENT AUDITORS' REPORT www.eisneramper.com To the Board of Directors
More informationEncyclopaedia Iranica Foundation, Inc.
Financial Statements The Board of Directors of the Independent Auditors' Report We have audited the accompanying financial statements of the (the Foundation ), which comprise the statements of financial
More informationNATIONAL CENTER FOR RESEARCH IN ADVANCED INFORMATION AND DIGITAL TECHNOLOGIES
NATIONAL CENTER FOR RESEARCH IN ADVANCED INFORMATION FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT TABLE OF CONTENTS Independent auditors' report...1-2 Audited financial statements Statements of
More informationThe East Harlem School at Exodus House. Financial Report August 31, 2015
The East Harlem School at Exodus House Financial Report August 31, 2015 Contents Independent Auditorʼs Report 1-2 Financial Statements Statement of financial position 3 Statement of activities 4 Statement
More informationTHE FUND FOR THE SCHOOL DISTRICT OF PHILADELPHIA FINANCIAL STATEMENTS JUNE 30, 2015 (WITH SUMMARIZED FINANCIAL INFORMATION FOR JUNE 30, 2014)
FINANCIAL STATEMENTS JUNE 30, 2015 (WITH SUMMARIZED FINANCIAL INFORMATION FOR JUNE 30, 2014) CONTENTS PAGE INDEPENDENT AUDITOR'S REPORT 1-2 STATEMENT OF FINANCIAL POSITION 3 STATEMENT OF ACTIVITIES 4 STATEMENT
More informationHARPER, RAINS, KNIGHT & COMPANY, P.A. CERTIFIED PUBLIC ACCOUNTANTS RIDGELAND, MISSISSIPPI
MISSISSIPPI COUNCIL ON ECONOMIC EDUCATION JACKSON, MISSISSIPPI FINANCIAL REPORT JUNE 30, 2016 HARPER, RAINS, KNIGHT & COMPANY, P.A. CERTIFIED PUBLIC ACCOUNTANTS RIDGELAND, MISSISSIPPI CONTENTS PAGE INDEPENDENT
More informationCOSMETIC EXECUTIVE WOMEN FOUNDATION, LTD.
COSMETIC EXECUTIVE WOMEN FOUNDATION, LTD. FINANCIAL STATEMENTS DECEMBER 31, 2013 and 2012 INDEPENDENT AUDITORS' REPORT Board of Governors of Cosmetic Executive Women Foundation, Ltd. New York, New York
More informationMEROLA OPERA PROGRAM. Financial Statements for the Years Ended September 30, 2017 and 2016 and Independent Auditors Report
MEROLA OPERA PROGRAM Financial Statements for the Years Ended September 30, 2017 and 2016 and Independent Auditors Report MEROLA OPERA PROGRAM TABLE OF CONTENTS PAGE Independent Auditors Report 1-2 Financial
More informationMEALS ON WHEELS OF GREENVILLE, INC. Financial Statements. December 31, (with Independent Auditors Report thereon)
MEALS ON WHEELS OF GREENVILLE, INC. Financial Statements December 31, 2012 (with Independent Auditors Report thereon) December 31, 2012 Table of Contents Independent Auditors Report... 1 Statement of Financial
More informationMAKE-A-WISH FOUNDATION INTERNATIONAL FINANCIAL STATEMENTS YEAR ENDED AUGUST 31, 2016
FINANCIAL STATEMENTS YEAR ENDED TABLE OF CONTENTS YEAR ENDED INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION 3 STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS 4 STATEMENT
More informationCENTER FOR NONPROFIT MANAGEMENT, INC.
CENTER FOR NONPROFIT MANAGEMENT, INC. FINANCIAL STATEMENTS As of and for Years Ended December 31, 2017 and 2016 And Report of Independent Auditor TABLE OF CONTENTS REPORT OF INDEPENDENT AUDITOR... 1 FINANCIAL
More informationNew Schools Fund dba NewSchools Venture Fund. Financial Statements
Financial Statements TABLE OF CONTENTS Page No. Independent Auditor's Report 1-2 Statement of Financial Position 3 Statement of Activities 4 Statement of Functional Expenses 5 Statement of Cash Flows 6
More informationOrthopaedic Research and Education Foundation. Financial Report December 31, 2012
Orthopaedic Research and Education Foundation Financial Report December 31, 2012 Contents Independent Auditor's Report 1 Financial Statements Statement of financial position 2 Statement of activities 3
More informationChildren's Cancer Research Fund. Financial Statements Together with Independent Auditors Report
Children's Cancer Research Fund Financial Statements Together with Independent Auditors Report June 30, 2014 CONTENTS Page INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS: Statement of Financial Position
More informationThe Community Foundation for Northern Virginia, Inc. Audited Financial Statements
Audited Financial Statements Years ended June 30, 2015 and 2014 with Report of Independent Auditors Audited Financial Statements Years ended June 30, 2015 and 2014 Contents Report of Independent Auditors...1
More informationNew Mexico Coalition for Literacy. Financial Statements
Financial Statements Years Ended TABLE OF CONTENTS Page INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL STATEMENTS: Statements of Financial Position... 3 Statements of Activities... 4 Statements of Functional
More informationBRANCH COUNTY COMMUNITY FOUNDATION, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT YEAR ENDED SEPTEMBER 30, 2014
BRANCH COUNTY COMMUNITY FOUNDATION, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT YEAR ENDED SEPTEMBER 30, 2014 TABLE OF CONTENTS FINANCIAL STATEMENTS PAGE NUMBER Independent Auditors Report
More informationINTERFAITH SANCTUARY HOUSING SERVICES INC. (a nonprofit organization) FINANCIAL STATEMENTS
INTERFAITH SANCTUARY HOUSING SERVICES INC. (a nonprofit organization) FINANCIAL STATEMENTS For the 18 Months Ended June 30, 2015 and the Year Ended December 31, 2013 TABLE OF CONTENTS Page Independent
More informationGlobus Relief Year Ended December 31, 2016 Financial Statements And Independent Auditor s Report
Year Ended December 31, 2016 Financial Statements And Independent Auditor s Report Table of Contents Independent Auditor s Report 1 Financial Statements Statement of Financial Position 3 Statement of Activities
More informationFINANCIAL STATEMENTS FOR THE YEARS ENDED AUGUST 31, 2014 AND
FINANCIAL STATEMENTS FOR THE YEARS ENDED CONTENTS PAGE NO. INDEPENDENT AUDITOR'S REPORT 2 EXHIBIT A - Statements of Financial Position, as of August 31, 2014 and 2013 3-4 EXHIBIT B - Statements of Activities
More informationMAKE-A-WISH FOUNDATION INTERNATIONAL FINANCIAL STATEMENTS YEARS ENDED AUGUST 31, 2017 AND 2016
FINANCIAL STATEMENTS YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION 3 STATEMENTS OF ACTIVITIES 4 STATEMENTS OF FUNCTIONAL
More informationINTERNATIONAL SOCIETY FOR THE PREVENTION OF CHILD ABUSE AND NEGLECT. FINANCIAL STATEMENTS December 31, 2017 and 2016
INTERNATIONAL SOCIETY FOR THE PREVENTION OF CHILD ABUSE AND NEGLECT FINANCIAL STATEMENTS December 31, 2017 and 2016 TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 1 STATEMENT OF FINANCIAL POSITION 2 STATEMENT
More informationTHE RICHMOND SYMPHONY AND THE RICHMOND SYMPHONY FOUNDATION. Consolidated Financial Statements. June 30, 2009
Consolidated Financial Statements June 30, 2009 Table of Contents Page Report of Independent Accountants 1 Financial Statements: Consolidated Statement of Financial Position 2 Consolidated Statement of
More informationThe Children s House at the Johns Hopkins Hospital, Inc. Financial Report December 31, 2013
The Children s House at the Johns Hopkins Hospital, Inc. Financial Report December 31, 2013 Contents Independent Auditor s Report 1 Financial Statements Statements of Financial Position 2 Statements of
More informationTHE NEW YORK WOMEN'S FOUNDATION, INC.
FINANCIAL STATEMENTS DECEMBER 31, 2016 and 2015 EisnerAmperLLP 750ThirdAvenue NewYork,NY10017-2703 T 212.949.8700 F212.891.4100 INDEPENDENT AUDITORS' REPORT www.eisneramper.com To The Board of Directors
More informationCBMC, INC. FINANCIAL STATEMENTS DECEMBER 31, 2017 AND 2016
FINANCIAL STATEMENTS INDEX TO REPORT PAGE INDEPENDENT AUDITOR S REPORT 1-2 STATEMENTS OF FINANCIAL POSITION 3 STATEMENTS OF ACTIVITIES 4-5 STATEMENTS OF FUNCTIONAL EXPENSES 6-7 STATEMENTS OF CASH FLOWS
More informationTRANSPORTATION RIDERS UNITED, INC.
TRANSPORTATION RIDERS UNITED, INC. (A MICHIGAN NON-PROFIT CORPORATION) Financial Reports For The Year Ended December 31, 2015 (With Comparative Totals for 2014) 1301 WEST LONG LAKE ROAD, SUITE 200, TROY
More informationMissouri Council of the Blind. Auditor's Report and Financial Statements. For the year ended August 31, 2017
Missouri Council of the Blind Auditor's Report and Financial Statements Missouri Council of the Blind Table of Contents Page Independent Auditor's Report 1 Financial Statements Statement of Financial Position
More informationLung Cancer Alliance. Financial Statements and Independent Auditors Report. December 31, 2015 and 2014
Financial Statements and Independent Auditors Report Financial Statements Contents Independent Auditors Report... 1-2 Financial Statements Statements of Financial Position... 3 Statements of Activities...
More informationMEDICAL TEAMS INTERNATIONAL FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION. For the Years Ended June 30, 2013 and 2012
FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION For the Years Ended June 30, 2013 and 2012 FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION For the Years Ended June 30, 2013 and 2012 TABLE OF CONTENTS
More informationMARINE CONSERVATION BIOLOGY INSTITUTE Financial Statements. For the Years Ended December 31, 2014 and 2013
Financial Statements For the Years Ended December 31, 2014 and 2013 Table of Contents Independent Auditor's Report 1 2 Financial Statements: Statements of Financial Position 3 Statements of Activities
More informationWORKSHOPS FOR WARRIORS, INC. I. Index 1. II. Independent Auditor's Report 2-3. III. Statement of Financial Position 4
WORKSHOPS FOR WARRIORS, INC. FINANCIAL STATEMENTS WORKSHOPS FOR WARRIORS, INC. Pages I. Index 1 II. Independent Auditor's Report 2-3 III. Statement of Financial Position 4 IV. Statement of Activities and
More informationTHE MIDDLE EAST INSTITUTE FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2015 AND 2014
FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT TABLE OF CONTENTS Page No. INDEPENDENT AUDITOR S REPORT 1-2 FINANCIAL STATEMENTS Statements of Financial Position 3 Statements of Activities 4-5 Statements
More informationEKAL VIDYALAYA FOUNDATION OF USA, INC.
EKAL VIDYALAYA FOUNDATION OF USA, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT YEARS ENDED DECEMBER 31, 2017 AND 2016 Bankole, Okoye & Associates PC Certified Public Accountants Business Advisors
More informationVIRGINIA MUSEUM OF CONTEMPORARY ART
VIRGINIA MUSEUM OF CONTEMPORARY ART FINANCIAL STATEMENTS As of and for the Years Ended June 30, 2017 and 2016 And Report of Independent Auditor TABLE OF CONTENTS REPORT OF INDEPENDENT AUDITOR... 1 FINANCIAL
More informationASSOCIATED COLLEGES OF ILLINOIS, INC. FINANCIAL STATEMENTS
ASSOCIATED COLLEGES OF ILLINOIS, INC. FINANCIAL STATEMENTS For the Years Ended ASSOCIATED COLLEGES OF ILLINOIS, INC. Table of Contents Independent Auditor s Report...1-2 Financial Statements Statements
More informationThe Painted Turtle. Financial Statements and Independent Auditor's Report. December 31, 2016
Financial Statements and Independent Auditor's Report Index Page Independent Auditor's Report 2 Financial Statements Statement of Financial Position 3 Statement of Activities 4 Statement of Functional
More informationWINTER PARK LIBRARY ASSOCIATION, INC. Winter Park, Florida FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Year Ended September 30, 2013
Winter Park, Florida FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Year Ended CONTENTS Independent Auditors Report 1 Financial Statements: Statement of Financial Position 3 Statement of Activities
More informationUS TOO INTERNATIONAL, INC. FINANCIAL STATEMENTS DECEMBER 31, 2017
US TOO INTERNATIONAL, INC. FINANCIAL STATEMENTS DECEMBER 31, 2017 US TOO INTERNATIONAL, INC. FINANCIAL STATEMENTS DECEMBER 31, 2017 AND 2016 CONTENTS Report of Independent Auditors 1 Statements of Financial
More informationDOWN SYNDROME ASSOCIATION OF GREATER CINCINNATI FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR'S REPORT FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016
DOWN SYNDROME ASSOCIATION OF GREATER CINCINNATI FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR'S REPORT FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 TABLE OF CONTENTS Independent Auditors' Report...1-2
More informationHAMBURGER HOME, INC. (dba AVIVA CENTER AND AVIVA FAMILY AND CHILDREN S SERVICES) FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT
(dba AVIVA CENTER AND AVIVA FAMILY AND CHILDREN S SERVICES) FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT YEAR ENDED DECEMBER 31, 2016 TABLE OF CONTENTS Page INDEPENDENT AUDITORS' REPORT 1 STATEMENT
More informationHIGH DESERT MUSEUM FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the Year Ended June 30, 2017 (With Comparative Totals for the Year Ended June 30, 2016) FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the
More informationLUNG CANCER RESEARCH FOUNDATION FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2013 AND 2012
FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2013 AND 2012 FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 Table of Contents Page Independent Auditor's Report 1-2 Financial Statements Statements of Financial
More informationCENTER FOR NONPROFIT MANAGEMENT, INC. FINANCIAL STATEMENTS. December 31, 2016 and 2015
FINANCIAL STATEMENTS TABLE OF CONTENTS Independent Auditor s Report... 2 3 Financial Statements: Statements of Financial Position... 4 Statements of Activities... 5 Statements of Functional Expenses...
More informationNAMI NORTH CAROLINA, INC. Financial Statements. Year Ended June 30, 2017
Financial Statements Year Ended Table of Contents Independent Auditors Report 1 Page Financial Statements: Statement of Financial Position 3 Statement of Activities 4 Statement of Cash Flows 5 Notes to
More informationCitizens United for Research in Epilepsy. Audited Financial Statements. Years ended December 31, 2014 and 2013 with Report of Independent Auditors
Audited Financial Statements Years ended December 31, 2014 and 2013 with Report of Independent Auditors Audited Financial Statements Years ended December 31, 2014 and 2013 Contents Report of Independent
More informationTheatre Under The Stars
Consolidated Financial Statements For the Year Ended August 31, 2014 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S.
More informationJEWISH FAMILY SERVICES OF DELAWARE, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT DECEMBER 31, 2015 AND 2014
JEWISH FAMILY SERVICES OF DELAWARE, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT AND 2014 TABLE OF CONTENTS AND 2014 Page No. Independent Auditors Report 1 Financial Statements Statements
More informationFINANCIAL STATEMENTS September 30, 2017 (With Comparative Totals for September 30, 2016)
FINANCIAL STATEMENTS (With Comparative Totals for September 30, 2016) CONTENTS INDEPENDENT AUDITOR S REPORT 1 FINANCIAL STATEMENTS: Statements of Financial Position 3 Statements of Activities 5 Statements
More informationFinancial Statements and Report of Independent Certified Public Accountants Veterans of Foreign Wars Foundation (An Affiliate of the Veterans of
Financial Statements and Report of Independent Certified Public Accountants Veterans of Foreign Wars Foundation C O N T E N T S Page REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 3 FINANCIAL STATEMENTS
More informationNATIONAL ALLIANCE TO END HOMELESSNESS,INC. FINANCIAL STATEMENTS DECEMBER 31, 2017
NATIONAL ALLIANCE TO END HOMELESSNESS,INC. FINANCIAL STATEMENTS DECEMBER 31, 2017 NATIONAL ALLIANCE TO END HOMELESSNESS,INC. FINANCIAL STATEMENTS DECEMBER 31, 2017 CONTENTS Report of Independent Auditors
More informationCato Institute. Financial Statements and Independent Auditor's Report. March 31, 2018 and 2017
Financial Statements and Independent Auditor's Report Index Page Independent Auditor's Report 2 Financial Statements Statements of Financial Position 3 Statements of Activities and Change in Net Assets
More informationUnited Service Organizations, Inc.
Consolidated Financial Statements and Report of Independent Certified Public Accountants United Service Organizations, Inc. December 31, 2015 (with summarized comparative information for December 31, 2014)
More informationEaster Seals, Inc. and Easter Seals Foundation. Consolidated Financial Report December 31, 2014
Easter Seals, Inc. and Easter Seals Foundation Consolidated Financial Report December 31, 2014 Contents Independent Auditor s Report 1 2 Consolidated Financial Statements Consolidated Statements of Financial
More informationAudited Financial Statements. June 30, 2015
Audited Financial Statements June 30, 2015 INDEPENDENT AUDITORS REPORT To the Board of Directors of imentor, Inc. Report on the Financial Statements We have audited the accompanying financial statements
More informationFINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR S REPORT. Year Ended June 30, 2014 (With Summarized Comparative Totals for 2013)
FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR S REPORT Year Ended (With Summarized Comparative Totals for 2013) TABLE OF CONTENTS Page Independent Auditor s Report... 1-2 Financial Statements: Statement
More informationFoundation Supporters Environmental Law & Policy Center
TO: FROM: Foundation Supporters Environmental Law & Policy Center Howard A. Learner, Executive Director RE: FY 2015 Audit (July 1, 2014 June 30, 2015) DATE: November 19, 2015 Enclosed for your review is
More informationAmerican Players Theatre of Wisconsin, Inc. and Subsidiaries Spring Green, Wisconsin
American Players Theatre of Wisconsin, Inc. and Subsidiaries Spring Green, Wisconsin Consolidated Financial Statements and Supplementary Information Years Ended December 31, 2016 and 2015 American Players
More informationEaster Seals, Inc. and Easter Seals Foundation. Consolidated Financial Report December 31, 2013
Easter Seals, Inc. and Easter Seals Foundation Consolidated Financial Report December 31, 2013 Contents Independent Auditor s Report 1 2 Consolidated Financial Statements Consolidated Statements of Financial
More informationThanks U.S.A. Financial Statements (With Supplementary Information) and Independent Auditor's Report. December 31, 2017 and 2016
Financial Statements (With Supplementary Information) and Independent Auditor's Report December 31, 2017 and 2016 Index Page Independent Auditor's Report 2 Financial Statements Statements of Financial
More informationCITY ARTS CENTER, INC. June 30, 2010
June 30, 2010 June 30, 2010 Audited Financial Statements Independent Auditors Report... 1 Statement of Financial Position--Modified Cash Basis... 2 Statement of Activities--Modified Cash Basis... 3 Statement
More informationNational Osteoporosis Foundation
National Osteoporosis Foundation Financial Statements (With Summarized Financial Information for the Year Ended December 31, 2009) and Report Thereon INDEPENDENT AUDITOR S REPORT To the Board of Trustees
More informationHIGH DESERT MUSEUM FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the Year Ended June 30, 2016 (With Comparative Totals for the Year Ended June 30, 2015) FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the
More informationWhyHunger, Inc. FINANCIAL STATEMENTS. For the Nine Months Ended December 31, 2015
FINANCIAL STATEMENTS For the Nine Months Ended December 31, 2015 TABLE OF CONTENTS PAGE INDEPENDENT AUDITOR'S REPORT........................................ 1 FINANCIAL STATEMENTS: STATEMENT OF FINANCIAL
More informationSan Luis Obispo County Community Foundation. Consolidated Financial Statements. December 31, 2010 and 2009
Consolidated Financial Statements December 31, 2010 and 2009 C O N T E N T S Page(s) Independent Auditors Report on the Consolidated Financial Statements 1 Consolidated Financial Statements Consolidated
More informationROAD RUNNERS CLUB OF AMERICA, INC.
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT TABLE OF CONTENTS Independent auditors' report...1-2 Audited financial statements Statements of financial position...3 Statements of activities...4-5
More informationGRAND CHAPTER OF CALIFORNIA, ORDER OF THE EASTERN STAR AND THE ENDOWMENT FUND OF THE GRAND CHAPTER OF CALIFORNIA, ORDER OF THE EASTERN STAR
GRAND CHAPTER OF CALIFORNIA, AND THE ENDOWMENT FUND OF THE GRAND CHAPTER OF CALIFORNIA, COMBINED FINANCIAL STATEMENTS SEPTEMBER 30, 2015 T A B L E O F C O N T E N T S PAGE INDEPENDENT AUDITORS REPORT 1-2
More informationCato Institute. Financial Statements and Independent Auditor's Report. March 31, 2016 and 2015
Financial Statements and Independent Auditor's Report Index Page Independent Auditor's Report 2 Financial Statements Statements of Financial Position 3 Statements of Activities and Change in Net Assets
More informationEKAL VlDYALAYA FOUNDATION OF USA, INC.
EKAL VlDYALAYA FOUNDATION OF USA, INC. AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION YEARS ENDED DECEMBER 31, 2016 AND 2015 EKAL VIDYALAYA FOUNDATION OF USA, INC. TABLE OF CONTENTS INDEPENDENT
More informationEpiscopal Community Services of the Diocese of Pennsylvania. Financial Statements Year Ended June 30, 2017
Episcopal Community Services of the Diocese of Pennsylvania Financial Statements Year Ended June 30, 2017 CONTENTS INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Statement of Financial Position 3
More informationCOLLIN COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION, INC.
COLLIN COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION, INC. McKinney, Texas Financial Statements Years Ended December 31, 2017 and 2016 Financial Statements Years Ended December 31, 2017 and 2016 TABLE OF
More informationThe Cleveland Society for the Blind YEARS ENDED SEPTEMBER 30, 2016 AND 2015
The Cleveland Society for the Blind CONTENTS Pages Independent auditor s report 1 2 Financial statements: Statements of financial position 3 Statement of activities and changes in net assets, year ended
More informationAMERICAN DIABETES ASSOCIATION. Consolidated Financial Statements and Consolidating Schedules. December 31, 2017
Consolidated Financial Statements and Consolidating Schedules (With Independent Auditors Report Thereon) KPMG LLP 1676 International Drive McLean, VA 22102 Independent Auditors Report The Board of Directors
More informationMEALS-ON-WHEELS GREATER SAN DIEGO, INC. DBA. MEALS ON WHEELS SAN DIEGO COUNTY. Financial Statements Years Ended September 30, 2016 and 2015
MEALS-ON-WHEELS GREATER SAN DIEGO, INC. DBA. MEALS ON WHEELS SAN DIEGO COUNTY Financial Statements Financial Statements Table of Contents Page Independent Auditors' Report 1 Financial Statements: Statements
More informationSOCIETY FOR CONSERVATION BIOLOGY
FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011 CONTENTS PAGE NO. INDEPENDENT AUDITOR'S REPORT 2-3 EXHIBIT A - Statements of Financial Position, as of December 31, 2012 and 2011 4-5
More informationFINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT USA CARES, INC. DECEMBER 31, 2016 AND 2015
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT CONTENTS PAGE INDEPENDENT AUDITORS REPORT 3 FINANCIAL STATEMENTS: STATEMENTS OF FINANCIAL POSITION 5 STATEMENTS OF ACTIVITIES 6 STATEMENTS OF FUNCTIONAL
More informationTHE PEOPLE S LIGHT AND THEATRE COMPANY
Consolidated Financial Statements For the Years Ended With Independent Auditor s Report Consolidated Financial Statements For the Years Ended TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR S REPORT 1 2
More informationTHE ENVIRONMENTAL INSTITUTE FOR GOLF
THE ENVIRONMENTAL INSTITUTE FOR GOLF FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2017 AND 2016 FINANCIAL STATEMENTS Years Ended December 31, 2017 and 2016 TABLE OF CONTENTS Page Independent Auditor s
More informationDALLAS MUSEUM OF ART CONSOLIDATED FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JUNE 30, 2017
DALLAS MUSEUM OF ART CONSOLIDATED FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS JUNE 30, 2017 DALLAS MUSEUM OF ART JUNE 30, 2017 CONTENTS Page REPORT OF INDEPENDENT CERTIFIED
More informationNAF. Financial Statements. December 31, 2016
Financial Statements Independent Auditors Report The Board of Directors NAF We have audited the accompanying financial statements of NAF, which comprise the statement of financial position as of, and the
More informationDALLAS CHILDREN S THEATER, INC.
FINANCIAL STATEMENTS Years ended August 31, 2013 and 2012 with Report of Independent Auditors FINANCIAL STATEMENTS Years Ended August 31, 2013 and 2012 Table of Contents Report of Independent Auditors...
More informationFINANCIAL STATEMENTS December 31, 2016 and 2015
FINANCIAL STATEMENTS CONTENTS INDEPENDENT AUDITOR S REPORT 1 FINANCIAL STATEMENTS: Statements of Financial Position 3 Statements of Activities 5 Statements of Cash Flows 7 NOTES TO FINANCIAL STATEMENTS
More informationPATRIOT PAWS SERVICE DOGS FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT YEARS ENDED DECEMBER 31, 2016 AND 2015
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS REPORT 1 FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION 3 STATEMENTS OF ACTIVITIES
More informationRoad Runners Club of America, Inc.
Financial Statements and Independent Auditors' Report Table of Contents Independent Auditors' Report...1-2 Audited Financial Statements Statements of Financial Position...3 Statements of Activities...4-5
More informationEVERY MOTHER COUNTS FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT. December 31, 2015
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT Financial Statements Contents Independent Auditors Report...... 1 2 Financial Statements Statement of Financial Position................. 3 Statement
More informationNote: For the best PDF viewing experience, disable Enhance thin lines in Adobe Acrobat. Click on Edit >> Preferences >> Page Display, and uncheck
Note: For the best PDF viewing experience, disable Enhance thin lines in Adobe Acrobat. Click on Edit >> Preferences >> Page Display, and uncheck Enhance thin lines. CRITICAL KNOWLEDGE PROACTIVE INSIGHT
More informationHALE CENTRE THEATRE (A Non-Profit Organization) CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS C O N T E N T S Page INDEPENDENT AUDITORS REPORT... 3 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION... 5 CONSOLIDATED STATEMENTS OF ACTIVITIES... 6 CONSOLIDATED STATEMENTS
More informationFinancial Statements With Independent Auditors Report. June 30, 2016 and 2015
Financial Statements With Independent Auditors Report Table of Contents Page Independent Auditors Report 1 Financial Statements Statements of Financial Position 3 Statements of Activities 4 Statements
More informationTHE HONOR FOUNDATION. I. Index 1. II. Independent Auditor's Report 2-3. III. Statement of Financial Position 4
THE HONOR FOUNDATION FINANCIAL STATEMENTS THE HONOR FOUNDATION Pages I. Index 1 II. Independent Auditor's Report 2-3 III. Statement of Financial Position 4 IV. Statement of Activities and Changes in Net
More informationMINT MUSEUM OF ART CONSOLIDATED FINANCIAL STATEMENTS. As of and for the Years Ended June 30, 2017 and And Report of Independent Auditor
CONSOLIDATED FINANCIAL STATEMENTS As of and for the Years Ended June 30, 2017 and 2016 And Report of Independent Auditor TABLE OF CONTENTS REPORT OF INDEPENDENT AUDITOR... 1 CONSOLIDATED FINANCIAL STATEMENTS
More informationDISCOVERY Children s Museum. Financial Report June 30, 2016
DISCOVERY Children s Museum Financial Report June 30, 2016 Contents Independent auditor s report 1-2 Financial statements Statement of financial position 3 Statement of activities 4 Statement of cash flows
More information