01.board 02.letter 03.edu 04.exhibitions 05.seminars 06.events 07.financial 08.support 09.staff

FINANCIAL REPORT

Balance Sheet // December 31, 2002

Assets
Current Assets
Checking/Savings
Adams National Bank Riggs Bank - Checking Riggs Bank - CD Riggs Bank - Money Market	$ 11,129 67,006 100,049 127,367
Total Checking/Savings	305,858
Accounts Receivable *	30,000
Total Assets	$ 335,858

Liabilities + Net Assets
Accounts Payable	$175,067
Columbus Park CLC	$ 3,252
CLC Splash Page Design	9,000
CLC Evaluation	9,000
Louisville CLC (NEA $9,000; Rudd-McClure $100,000; Olmsted Odyssey Profits $18,000)	127,000
Indiana CLC (Max & Victoria Dreyfus Foundation $9,000; Cinergy Foundation $9,000)	18,000
LAF Fiscal Sponsor Fee for NEA	1,815
University Press of VA Book ($4,500 for Mary Hughes; $2,500 Press costs)	7,000
Net Assets	160,791
Total Liability + Net Assets	$ 335,858
* $10,000 from the Rudd-McClure Joint Venture; $10,000 from CLF board member pledges for 2002 fiscal year; and $10,000 from the Cinergy Foundation.

Profit & Loss // January 1 - December 31, 2002

Ordinary Income/Expense
Income
Annual Appeal Contributions Board Member Contributions** Government Grants Louisville Event Major Gift Contributions Miscellaneous Contributions* ^ Referral Fees – Amazon.com Royalties Advanced – McGraw-Hill Santa Barbara Event	$ 4,685 59,057 33,000 19,706 93,000 22,550 27 1,076 10,000
Total Income	$ 243,101

Expenses
CLF Projects Columbus Park CLC * Louisville CLC Indiana CLC General CLC Landslide^	$ 38,526 10,639 1,573 502 1,900 $ 53,140
Development Annual Appeal E-Tapestry Louisville Event Staff Fees Travel	$ 1,006 2,037 1,205 19,570 540 $ 24,358
General Operations Accounting Annual Report Award Applications Board Meetings/Travel ** Internet/Website^ Postage Printing Rent Subscriptions Supplies Telephone	$ 1,000 200 400 13,675 12,255 384 1,000 1,500 68 686 1,062 $ 32,230
Total Expense	$ 109,728
Net Ordinary Income	$ 133,373
Other Income/Expense
Interest Income Dividend Income	$ 951 26 $ 977
Net Other Income	$ 977
Net Income	$ 134,350

*Includes in-kind donation of $7,000 from Real Art Media.
^ Includes in-kind donation of $12,000 from Oviatt Media.
** Includes donated costs for Board meetings/travel.

^ back to top