Page 12 - 2013 ANNUAL REPORT : The EARTH effect

EARTH UNIVERSITY FOUNDATION
From its headquarters in Atlanta, Georgia, the EARTH University Foundation, a registered 501 (c)(3)
public charity, directly supports the educational mission of EARTH through generous gifts from the
global community and other programs and initiatives.
EARTH University Foundation
Statement of Financial Position
as of December 31, 2013
Salaries and Benefits
Consulting
Professional Services
Office Expenses
Events
Travel and Board Meetings
Scholarships
Project and Program Expense
Other
TOTAL EXPENSES
$359,888
-
4,848
89,043
-
5,996
1,818,374
2,084,165
-
$4,362,314
$124,310
10,634
64,967
27,323
-
23,749
-
20,601
11,529
$283,113
$249,523
143,636
6,940
53,589
26,346
65,031
-
-
-
$545,065
$733,721
154,270
76,755
169,955
26,346
94,776
1,818,374
2,104,766
11,529
$ 5,190,492
EARTHUniversity Foundation
Statement of Functional Expenses
Year Ended December 31, 2013
Programs Administrative Fundraising Total Expenses
ASSETS
Cash and cash equivalents
Prepaid expenses, deposits and other receivables
Receivable from EARTH
Pledge receivable, net
Endowment pledges receivable, net
Endowment and other investments
Cash surrender value of life insurance
Property and equipment, net
LIABILITIES AND NET ASSETS
Liabilities
Advance from EARTH
Accounts payable and accrued expenses
Scholarships payable to EARTH
Payable to EARTHTrust
Net Assets
Unrestricted
Board designated for endowment
Available for operations
Temporarily restricted
Permanently restricted
$1,763,056
427,260
121,416
4,537,501
2,995,175
18,634,304
292,692
13,412
28,784,816
$18,208
100,000
82,486
18,493
219,186
175,000
1,130,857
1,305,857
7,222,923
20,036,850
28,565,630
28,784,816