101304 r9 GSB AnnualRprt - Glenwood School

Consolidated Statements of Activities
For the Years Ending August 31, 2004 and 2005
2004 2005
Support & Revenue
Direct Program Contributions $ 3,157,700 2,748,044
Legacies & Bequests $ 1,671,389 773,613
Income From Donor Trusts $ 633,577 616,484
Parent Payments $ 201,626 180,512
School Milk/Lunch Reimbursement Program $ 187,172 110,379
Total Support & Revenue $ 5,851,464 4,429,032
Investment Related Income
Interest & Dividends $ 737,727 794,675
Change in Value Split Interest Arrangements $ 610,003 -
Gain on Sale of Property $ 2,159,629 5,618,901
Net Change Unrealized Appreciation Long-term Investments $ 2,870,028 4,142,886
Total Investment Related Income $ 6,377,387 10,556,462
Total Support, Revenue & Investment Related Income $ 12,228,851 14,985,494
Expenses
Program $ 8,575,967 9,490,066
Administrative $ 455,814 414,226
Fund Raising $ 1,028,073 992,120
Total Expenses $ 10,059,854 10,896,412
Total Change In Net Assests $ 2,168,997 4,089,082
Net Assets at Beginning of Year $ 63,783,360 65,952,357
Net Assets At End of Year $ 65,952,357 70,041,440
Note: FY2004 activities represent audited financial statements. FY2005 activities represent unaudited preliminary financial statements.
Program
Administrative
Fund Raising
FY2004 Expense Allocations
10%
5%
85%
FY2005 Expense Allocations
9%
4%
87%
15
Financial Report