Consolidated Statement of Financial Position As of June 30, 2008
Assets Cash and Cash Equivalents Accounts Receivable Unconditional Promises to Give Unrestricted Restricted to Future Programs/Periods Prepaid Expenses Property, Equipment and Website, at Cost, Net of Accumulated Depreciation and Amorts Security Deposit
EMpower US
EMpower UK
Total FY 2008
Total FY 2007
$ 887,184 160,320
$ 443,462 127,443
$ 1,330,646 287,763
$ 933,038 —
— 953,347 15,941
— — —
— 953,347 15,941
16,977 76,100 8,965
35,701 6,375
— —
35,701 6,375
— —
Total Assets
$ 2,058,868
$ 570,905
$ 2,629,773
$ 1,035,080
Liabilities and Net Assets Accounts Payable and Accrued Expenses Grants Payable
$
$ 160,320 448,000
$ 242,410 967,150
$
Total Liabilities
Commitments Net Assets Unrestricted Temporarily Restricted Total Net Assets
Total Liabilities and Net Assets
82,090 519,150 601,240
(200,143) 1,657,771 1,457,628
$ 2,058,868
Changes in Unrestricted Net Assets Support and Revenue Contributions Event Income Less: Direct Event Expenses Donated Services Grant Administrative Fee Interest Net Assets Released from Restrictions
Total Unrestricted Support and Revenue Expenses Program Services Supporting Services Management and General Fundraising Total Expenses
(37,415) —
(37,415)
1,209,560 (237,558) 1,657,771 1,420,213
357,418 461,452 216,210
677,662
$ 570,905
$ 2,629,773
$ 1,035,080
EMpower US
EMpower UK
Total FY 2008
Total FY 2007
$ 1,242,747 23,875 (8,097) 35,040 151,627 7,414
$ 441,041 — — — — 7,726
$ 1,683,788 23,875 (8,097) 35,040 151,627 15,140
$ 1,923,601 67,902 (8,061) 65,000 — 10,359
Consolidated Statement of Activities Year Ended June 30, 2008
608,320
46,523 310,895
1,452,606
448,767
66,944
—
1,901,373
66,944
2,058,801
—
1,519,550
448,767
1,968,317
2,058,801
1,761,480
991,754
2,753,234
1,688,993
168,000 193,842
16,722 —
184,722 193,842
133,815 128,032
Increase (Decrease) in Unrestricted Net Assets
2,123,322
1,008,476
$ (603,772)
$ (559,709)
$ (1,163,481)
$ 107,961
Changes in Temporarily Restricted Net Assets Contributions
$1,657,771
$ 287,000
$ 1,944,771
$ 216,210
1,590,827
287,000
1,877,827
324,171
$ 1,420,213
$ 677,662
Net Assets Released from Restrictions
Increase in Temporarily Restricted Net Assets
Increase in Net Assets Net Assets, Beginning of Year
Net Assets, End of Year
(66,944)
987,055 470,573
$ 1,457,628
—
$
(272,709) 235,294 (37,415)
3,131,798
(66,944)
714,346 705,867
1,950,840
—
— 353,491
EMpower at a Glance Grant Distributions
(FY 2007-2008)
Use of Funds $1,805
(In Thousands)
6%
$1,200
Fundraising
6%
$700
Management & General
88%
$89
$119
’03
’04
Grants & Programs
’05
’06/’07
Number of Grants
’07/’08
51
Sources of Funding 23%
Corporate Foundation
37
35%
21
5 ’03
Corporate
5 ’04
’05
’06/’07
’07/’08
38%
Individuals
4%
Private Foundation