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11.23.2014
2013 Annual Report


Financial Statements


Condensed Statement of Financial Position
June 30, 2013 and 2012

2013 2012
Assets
Cash and Investments
Receivables and Pledges
Prepaid Expenses and Other Assets
Property & Equipment, Net
Total Assets

$1,429,643
$2,756,691
$256,567
$4,873,589
$9,316,490

$1,585,567
$1,847,820
$190,660
$5,405,342
$9,029,389
Liabilities
Payables and Accrued Liabilities
Bridge Loan Payable
Line of Credit
Other Liabilities
Deferred Revenues
Total Liabilities

$347,144
$551,120
$500,000
$-
$230,901
$131,381
$1,760,546

$671,694
$551,120
$-
$1,362,049
$327,238
$93,022
$3,005,123
Net Assets
Unrestricted
Temporarily Restricted
Total Net Assets

Total Liabilities and Net Assets

$5,224,327
$2,331,617
$7,555,944

$9,316,490

$3,726,426
$2,297,840
$6,024,266

$9,029,389



Condensed Statement of Activities
For the year ended June 30, 2013 and 2012

2013 2012
Support and Revenue
Government Grants and Contracts
Contributions Individuals and Foundations*
Special Events (Net)
Program Fees
Investment and Other Income
Total Support and Revenue

$2,973,743
$4,853,818
$497,154
$80,185
$72,237
$8,477,137

35%
57%
6%
1%
1%
100%

$3,648,422
$4,281,278
$413,358
$42,505
$112,255
$8,497,818

43%
50%
5%
1%
1%
100%
Expenses
Programs and Direct Services
Administration
Fundraising
Total Expenses

$5,299,578
$609,934
$1,035,947
$6,945,459

76%
9%
15%
100%

$5,421,721
$579,875
$1,227,032
$7,228,628

75%
8%
17%
100%
Change in Net Assets** $1,531,678 $1,269,190


* Includes Donated Services and Products, Corporate Giving (non-event related), Memberships and Bequests
** In both FY13 and FY14 SAGE received Capital revenue from City for the 15th floor renovations, $2,148,880 and $1,221,675 for FY13 and FY12 respectively.



Condensed Statement of Cash Flows
For the year ended June 30, 2013

2013
Net cash provided by (used in) operating activities $736,259
Net cash provided by (used in) investing activities $832,831
Net cash provided by (used in) financing activities $(877,062)
Net increase (decrease) in cash and cash equivalents $692,028
Cash and cash equivalents at beginning of year $312,770
Cash and cash equivalents at end of year $1,004,798



Support and Revenue
FY 2013

Contributions Individuals and Foundations* 57%
Government Grants
and Contracts
35%
Special Events (Net) 6%
Program Fees 1%
Investment and Other Income 1%


Expenses
FY 2013

Programs and Direct Services 76%
Fundraising 15%
Administration 9%








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