Statement of Financial Condition December 31, 2007 The full annual audit may be reviewed at the office of Community Foundation
		(Audited) 12/31/2007			(Audited) 12/31/2006
ASSETS
Cash	$	78,465		$	54,219
Receivables		1,001,591			620,996
Accrued income		83,872			67,584
Investments		139,000,953			126,689,786
Real property		1,287,298			1,418,261
Cash surrender value of life insurance		300,365			251,065
Property and equipment (net of depreciation)		20,788			22,771
Prepaid expenses		5,112			4,890
	$	141,778,444		$	129,129,572
LIABILITIES AND NET ASSETS
Accounts payable	$	52,342		$	47,526
Grants payable		293,840			484,776
Agency fund payable		8,044,827			7,992,295
Deferred revenue		14,070			0
Total liabilities		8,405,079			8,524,597
Net assets		133,373,365			120,604,975
	$	141,778,444		$	129,129,572
Statement of Activities for Calendar Year 2007
SUPPORT AND REVENUE
Contributions	$	11,447,126		$	9,817,876
Investment return		13,362,695			16,533,291
Other revenue		275,774			99,864
		25,085,595			26,451,031
GRANTS AND EXPENSES
Grants and related expense		11,377,191			11,091,239
Operating expense		405,729			385,810
Fundraising expense		126,461			124,544
Investment and bank fees		398,036			326,247
Depreciation expense		9,788			10,245
		12,317,205			11,938,085
CHANGE IN NET ASSETS
Change in net assets		12,768,390			14,512,946
Net assets - beginning of year		120,604,975			106,092,029
Net assets - end of year	$	133,373,365		$	120,604,975

Fort Worth Club Building 306 West 7th Street, Suite 306 Fort Worth, Texas 76102 Telephone 817/877-0702 Fax 817/877-1215

Last updated 09 April 2008