Financials

Ca’ Maria Donald
Osborn resident Ca’ Maria Donald, 2, helps Matrix Center youth volunteers and neighbors paint murals on vacant businesses at 12501 E. Seven Mile Rd.

Statements of Financial Position

ASSETS 2013 2012
Cash and cash equivalents 11,170 8,689
Investments, at fair value 457,870 428,216
Other, including accrued interest and dividends 1,111 1,194
Total assets 470,151 438,099
LIABILITIES AND UNRESTRICTED NET ASSETS
Grants payable 1,134 1,149
Accounts payable and accrued liabilities 3,553 3,919
Unrestricted net assets 465,464 433,031
Total liabilities and unrestricted net assets 470,151 438,099

 

Statements of income, expenses,
and changes in unrestricted net assets

Interest9711,679

INCOME 2013 2012
Contributions 300
Dividends, other 1,628 1,339
Investment management fees (1,095) (987)
Total income 1,804 2,031
EXPENSES
Grants paid 16,303 14,462
Grant-related expenses 370 330
Administrative expenses 5,345 5,181
Federal excise and other taxes 1,376 1,016
Total expenses 23,394 20,989
Grants and expenses in excess of income (21,590) (18,958)
Realized gain on investments 19,965 9,610
Change in unrealized market appreciation 34,058 21,357
Increase in unrestricted net assets 32,433 12,009
Unrestricted net assets, beginning of year 433,031 421,022
Unrestricted net assets, end of year 465,464 433,031