| |
 |
|
|
|
|
| |
THE L.J. SKAGGS AND MARY C. SKAGGS FOUNDATION
STATEMENT OF ACTIVITIES
FOR THE YEARS ENDED DECEMBER 31, 2003 & 2002
|
 |
| |
2003
|
|
| |
Unrestricted
|
Temporarily
Restricted
|
Total
|
2002
|
| Support
and revenue: |
|
|
|
|
| Contribution
- Mary C. Skaggs |
$ 300,000 |
$ 300,000 |
$ 600,000 |
|
| Interest |
27,238 |
|
27,238 |
$ 59,965 |
| Dividends |
14,332 |
|
14,332 |
25,921 |
| Other |
44 |
|
44 |
23 |
| |
|
|
|
|
| Total
Support and Revenue |
341,614 |
300,000 |
641,614 |
85.909 |
| |
|
|
|
|
| Grants
and expenses: |
|
|
|
|
| Grants |
629,200 |
|
629,200 |
712,100 |
| Administrative
services and expenses |
124,391 |
|
124,391 |
125,428 |
| Foundation
manager's salary |
102,000 |
|
102,000 |
102,000 |
| Rent and office
services |
26,000 |
|
26,000 |
22,400 |
| Investment and
custodian fees |
25,827 |
|
25,827 |
39,563 |
| Accounting fees |
16,840 |
|
16,840 |
17,860 |
| Legal fees |
3,135 |
|
3,135 |
2,280 |
| |
|
|
|
|
| Total Grants
and Expenses |
927,393 |
|
927,393 |
1,021,631 |
| |
|
|
|
|
| Change
in net assets before net gains (losses) on securities |
(585,779) |
300,000 |
(285,779) |
(935,722) |
| |
|
|
|
|
| Net
gains (losses) on securities |
204,954 |
|
204,954 |
(492,426) |
| |
|
|
|
|
| Change in net assets |
(308,825) |
300,000 |
(80,825) |
(1,428,148) |
| |
|
|
|
|
| Net assets, beginning of
year |
962,440 |
|
962,440 |
2,390,588 |
| |
|
|
|
|
| Net assets, end of year |
$ 581,615 |
$ 300,000 |
$ 881,615 |
$ 962,440 |
n |
|
