|
FINANCES MAIN
Wallace Global Fund
Schedule of Assets, Liabilities, and Net Assets
12/31/1997
Assets
| Cash and cash equivalents |
$ 225,205 |
| Investments |
124,258,963 |
| Interest Receivable |
528,047 |
| Dividends Receivable |
154,305 |
| Contributions Receivable |
1,271,000 |
| Prepaid expenses and other |
14,875 |
| Furniture and equipment, net of accumulated depreciation of $46,680 |
161,402 |
|
|
| Total Assets |
$126,613,797 |
Liabilities
and net assets
| Accounts payable and accrued expenses |
$ 93,253 |
| Excise tax payable |
25,000 |
| Grants payable |
365,000 |
| Deferred rent liabilities |
119,125 |
| |
|
| Total Liabilities |
602,378 |
| |
|
| Unrestricted net assets |
126,011,419 |
| |
|
| Total liabilities and net assets |
$ 126,613,797 |
Wallace
Global Fund
Schedule of Revenues and Expenses
For the
year ended December 31, 1997
Revenues,
gains, and other support
| Net unrealized gain on investments |
$ 21,281,612 |
| Dividend income |
3,908,509 |
| Interest income |
1,840,590 |
| Contributions |
1,354,461 |
| Net realized gains on sales of investments |
268,852 |
| |
|
| Total revenues, gains and other support |
$ 28,654,024 |
Expenses
| Program services |
|
| Grants |
$ 4,073,208 |
| Supporting services |
|
| Management and general |
1,220,899 |
| |
|
| Total expenses |
5,294,107 |
| |
|
| Increase in unrestricted net assets |
23,359,917 |
| |
|
| Unrestricted net assets, beginning of year |
102,651,502 |
| |
|
| Unrestricted net assets, end of year |
$ 126,011,419 |
|
