2008 Financial Report
Assets and Liabilities |
|
|
Inflows |
|
|
Outflows |
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
Optical Golf Day |
$30,000.00 |
|
Administrative |
|
Checking |
$232.74 |
|
Donations |
8,199.92 |
|
Fees and Expenses |
$4,216.20 |
Savings |
6,622.02 |
|
Interest/Dividends |
781.02 |
|
Transfers |
5,382.74 |
Total Current Assets |
6,854.76 |
|
Membership |
2,835.00 |
|
Total Administrative |
9,598.94 |
|
|
|
Memorials |
1,000.00 |
|
|
|
Other Assets |
|
|
Minnesota Foundation |
(24,197.00) |
|
Grants |
|
Minnesota Foundation |
64,046.00 |
|
Transfers |
5,382.74 |
|
Dare to Dream |
12,493.95 |
FELTL MM |
60,642.25 |
|
Total Inflows |
$24,001.68 |
|
Holiday Tree |
913.75 |
Total Other Assets |
124,688.25 |
|
|
|
|
Gifts to Graduates |
467.50 |
|
|
|
|
|
|
Scholarships |
1,060.40 |
Liabilities and Equity |
|
|
|
|
|
Total Grants |
14,935.60 |
Total Liabilities |
0.00 |
|
|
|
|
|
|
Equity |
131,543.01 |
|
|
|
|
Minnesota Foundation Fees |
848.00 |
Total Liabilities and |
$131,543.01 |
|
|
|
|
Total Outflows |
25,382.54 |
|
|
|
|
|
|
Total Cash Flow |
($1,380.86) |
Note: The volunteer nature of our Foundation allows us to spend over 90% of our donations on items or programs of direct benefit to the students of the Academy.
For more information about MSAB Foundation, contact:
Rolland Baldwin: (612)343-8388
Richard Berge: (507)332-7206
Stephanie Hall: (613)332-7837
