|
THE L.J. SKAGGS AND MARY
C. SKAGGS FOUNDATION
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2004 & 2003
|
2004
|
2003
|
| ASSETS |
|
|
| Current
Assets: |
|
|
| Cash
and cash equivalents |
$ 25,304 |
$ 12,968 |
| Contribution receivable |
307,800 |
300,000 |
| Securities |
587,411 |
1,175,644 |
| Accrued interest
receivable |
2,828 |
6,788 |
| Prepaid
expenses |
2,000 |
2,000 |
|
|
|
| Total Assets |
$ 925,343 |
$ 1,497,400 |
| |
|
|
| LIABILITIES
AND NET ASSETS |
| Current Liabilities:
|
|
|
| Accounts
payable |
$ - |
$ 15,785 |
| Grants
payable |
145,000 |
600,000 |
| |
|
|
| Total Current Liabilities
|
145,000 |
615,785 |
| |
|
|
| Net
Assets: |
|
|
| Unrestricted |
472,543 |
581,615 |
| Temporarily
restricted |
307,800 |
300,000 |
| Total Net Assets |
780,343 |
881,615 |
| |
|
|
| Total Liabilities
and Unrestricted Net Assets |
$ 925,343 |
$ 1,497,400 |
| |
|
|
|
