Annual Report 2006-2007 - The Council of Independent Colleges
Annual Report 2006-2007 - The Council of Independent Colleges
Annual Report 2006-2007 - The Council of Independent Colleges
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Financial Statement<br />
Statement <strong>of</strong> Revenues, Expenses, and Change in Unrestricted Net Assets 7/1/06–6/30/07<br />
GENERAL<br />
OPERATIONS<br />
PROJECT<br />
GRANTS<br />
TOTAL<br />
Revenues<br />
Membership Dues $2,128,349 $2,128,349<br />
Program Participant Fees 775,481 775,481<br />
Gifts and Grants<br />
Unrestricted Grants 137,784 137,784<br />
Program Grants 469,500 1,138,833 1,608,333<br />
Consulting Fees 10,548 10,548<br />
Interest, Investment, and Misc. Income 582,615 34,083 616,698<br />
Total Revenues $4,093,729 $1,183,464 $5,277,193<br />
Expenses<br />
Salaries and Benefits $1,769,443 $308,660 $2,078,103<br />
Programs and Meetings 655,807 655,807<br />
Grants to <strong>Colleges</strong> 109,489 109,489<br />
Other Expenses 751,123 796,193 1,547,316<br />
Total Expenses $3,176,373 $1,214,342 $4,390,715<br />
Change in Net Assets $886,478*<br />
Unrestricted Net Assets at 07/01/06 $3,373,389<br />
Unrestricted Net Assets at 06/30/07 $4,259,867<br />
*Change in net assets includes $614,582 in unrealized and realized gains, interest income, and other investment income.<br />
<strong>2006</strong>–<strong>2007</strong> <strong>Annual</strong> <strong>Report</strong> • 23
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