Lebanon Educational Foundation, Inc.
Statement of Financial Position
As of March 31, 2010
Current Assets
Cash & Cash Equivalents
Unrestricted $7,557
Permanently Restricted $8,986
Pass-thru $53,772
Accounts Receivable 0
Prepaid Expense 292
Total Current Assets $70,606
Office Equipment, net of depreciation $922
Investments $494,476
Total Assets $566,004
Liabilities and Net Assets
Liabilities
Scholarships Payable $16,675
Cragun Award Payable 392
Deferred Revenue 3,651
Other Payables 1,359
Total Liabilities $22,077
Net Assets
Fund Balances $516,577
Net Income 27,351
Total Net Assets $543,928
Total Liabilities and Net Assets $566,004
Lebanon Educational Foundation, Inc.
Statement of Activities
For the Period of January 1, 2010 through March 31, 2010
Current
Period Year to
(1st Quarter) Date
Revenues
Special Events:
Betting on Education ($7) $7,960
Golf Outing, net of costs $0 ($338)
Firecracker 3x3, net of costs 0 (55)
Phone-a-thon, net of costs 25 290
Unrestricted Donations 2,790 5,417
Temporarily Restricted Donations-Pass Thru 2,584 9,323
Permanently Restricted Donations 0 5,100
Investment Income 1,273 2,289
Teacher Celebration, net of costs 0 0
Unrealized Gain on Investments 18,465 15,151
Realized Gain on Investments 0 0
Other Revenue 0 263
Administrative Fees
Total Revenues 25,130 45,398
Expenses
Scholarships 50 150
Pass thru Grants & Awards 0 0
Administrative Costs 6,352 16,989
Recognition 0 0
Marketing & Advertising 0 14
Investment & Management Fees 0 894
Capital Development 0 0
Annual Report 0 0
Total Expenses 6,402 18,048
Change in Net Assets $18,728 $27,351
Net Assets - Beginning of Year $516,577
Net Assets - End of Period $543,928
ndation, Inc.
ties
hrough March 31, 2010
2,010
Annual
Budget
5,000
5,500
8,500
3,000
15,000
1,000
$38,000
600 Mick Milakovic
67,100
100
500
100
500
$68,900
($30,900)
Lebanon Educational Foundation, Inc.
Statement of Financial Position
As of June 30, 2010
Assets
Current Assets
Cash & Cash Equivalents
Unrestricted $12,478
Permanently Restricted $9,429
Temporarily Restricted $63,653
Accounts Receivable 0
Prepaid Expense 292
Total Current Assets $85,852
Office Equipment, net of depreciation $692
Investments $460,474
Total Assets $547,018
Liabilities and Net Assets
Liabilities
Scholarships Payable $46,125
Deferred Revenue 3,651
Cragun Payable 392
Other Payables 1,361
Total Liabilities $51,529
Net Assets
Fund Balances $516,577
Current Year Change in Net Assets (21,088)
Total Net Assets $495,489
Total Liabilities and Net Assets $547,018
Lebanon Educational Foundation, Inc.
Statement of Activities
For the Period of June 1, 2010 through June 30, 2010
Current 2010
Period Year to Annual
(2nd Quarter) Date Budget
Revenues
Special Events:
Betting on Education $0 $7,930 $5,000
Golf Outing, net of costs 886 $4,506 5,500
Firecracker 3x3, net of costs 5,032 6,846 8,500
Major Saver 0 18,119
Phone-a-thon, net of costs 0 290 3,000
Unrestricted Donations 1,236 8,589 15,000
Temporarily Restricted Donations-Pass Thru 214 15,416
Permanently Restricted Donations 0 6,350
Investment Income 1,315 4,273
Teacher Celebration, net of costs 1,460 (2,917)
Realized Gain/(Loss) on Investments 0 0
Unrealized Gain/(Loss) on Investments (12,807) (20,833)
Other Revenue 75 338 License Plates
Administrative Fees 0 0 1,000
Total Revenues ($2,590) $48,905 $38,000
Expenses
Scholarships
Endowed 16,000 16,600
Pass-thru 13,450 17,769
Program Grants & Awards 50 360 600
Administrative Costs 5,802 33,337 67,100
Recognition 13 13 100
Marketing & Advertising 0 89 500
Investment & Mgmt Fees 0 1,825
Capital Development 0 0 100
Annual Report 0 0 500
Total Expenses $35,315 $69,993 $68,900
Change in Net Assets ($37,904) ($21,088) ($30,900)
Net Assets - Beginning of Year $516,577
Net Assets - End of Period $495,489
Lebanon Educational Foundation, Inc.
Statement of Financial Position
As of December 31, 2009
Assets
Current Assets
Cash & Cash Equivalents $61,176
Accounts Receivable 0
Prepaid Expense 292
Total Current Assets $61,469
Office Equipment, net of depreciation $1,153
Investments
Permanently Restricted 477,038
$477,038
Total Assets $539,659
Liabilities and Net Assets
Liabilities
Scholarships Payable $17,675
Deferred Revenue 3,651
Cragun Payables 392
Other Payables 1,364
Total Liabilities $23,082
Net Assets
Fund Balances $448,473
Net Income 68,104
Total Net Assets $516,577
Total Liabilities and Net Assets $539,659
Lebanon Educational Foundation, Inc.
Statement of Activities
For the Period of July 1, 2010 through July 31, 2010
Current 2010
Period Year to Annual
(3rd Quarter) Date Budget
Revenues
Special Events:
Betting on Education $0 $7,930 $5,000
Firecracker 3x3, net of costs 283 7,129 8,500
Golf Outing, net of costs 0 4,506 5,500
Major Saver 0 18,119
Phone-a-thon, net of costs 0 290 3,000
Unrestricted Donations 691 9,280 15,000
Temporarily Restricted Donations-Pass Thru 3,280 18,696
Permanently Restricted Donations 0 6,350
Investment Income 364 4,637
Teacher Celebration, net of costs 1,152 (1,764)
Other Revenue 0 338
Unrealized Gain/(Loss) on Investments 23,626 2,792
Realized Gain/(Loss) on Investments 233 233
Administrative Fees 1,000
Total Revenues $29,629 $78,535 $38,000
Expenses
Administrative Costs 5,722 39,059 67,100
Investment & Mgmt Fees 863 2,689
Scholarships
Endowed 0 $16,000
Pass-thru 0 $13,700
Program Grants & Awards 50 5,329 600
Marketing & Advertising 0 89 500
Recognition 0 13 100
Capital Development 0 0 100
Annual Report 0 0 500
Total Expenses $6,636 $76,879 $68,900
Change in Net Assets before Bridges to Success $22,994 $1,656 ($30,900)
Other Revenue (Expense)
Change in Net Assets $22,994 $1,656
Net Assets - Beginning of Year $516,577
Net Assets - End of Period $518,233
Lebanon Educational Foundation, Inc.
Statement of Financial Position
As of December 31, 2010
Assets
Current Assets
Cash & Cash Equivalents
Unrestricted Cash $9,374
Permanently Restricted Cash 2,566
Temporarily Resrticted Cash 76,834
Accounts Receivable 0
Prepaid Expense 292
Total Current Assets $89,065
Office Equipment, net of depreciation $692
Investments
Permanently Restricted 478,097
$478,097
Total Assets $567,853
Liabilities and Net Assets
Liabilities
Scholarships Payable $44,275
Deferred Revenue 3,651
Cragun Payables 392
Other Payables 1,302
Total Liabilities $49,620
Net Assets
Fund Balances $516,577
Current Year Change in Net Assets 1,656
Total Net Assets $518,233
Total Liabilities and Net Assets $567,853
Lebanon Educational Foundation, Inc.
Statement of Activities
For the Period of July 1, 2010 through July 31, 2010
Current 2010
Period Year to Annual
(3rd Quarter) Date Budget
Revenues
Special Events:
Betting on Education $0 $7,930 $5,000
Firecracker 3x3, net of costs 283 7,129 8,500
Golf Outing, net of costs 0 4,506 5,500
Major Saver 0 18,119
Phone-a-thon, net of costs 0 290 3,000
Unrestricted Donations 691 9,280 15,000
Temporarily Restricted Donations-Pass Thru 3,280 18,696
Permanently Restricted Donations 0 6,350
Investment Income 364 4,637
Teacher Celebration, net of costs 1,152 (1,764)
Other Revenue 0 338
Unrealized Gain/(Loss) on Investments 23,626 2,792
Realized Gain/(Loss) on Investments 233 233
Administrative Fees 1,000
Total Revenues $29,629 $78,535 $38,000
Expenses
Administrative Costs 5,722 39,059 67,100
Investment & Mgmt Fees 863 2,689
Scholarships
Endowed 0 $16,000
Pass-thru 0 $13,700
Program Grants & Awards 50 5,329 600
Marketing & Advertising 0 89 500
Recognition 0 13 100
Capital Development 0 0 100
Annual Report 0 0 500
Total Expenses $6,636 $76,879 $68,900
Change in Net Assets before Bridges to Success $22,994 $1,656 ($30,900)
Other Revenue (Expense)
Change in Net Assets $22,994 $1,656
Net Assets - Beginning of Year $516,577
Net Assets - End of Period $518,233
Lebanon Educational Foundation, Inc.
Statement of Activities
For the Period of July 1, 2010 through July 31, 2010
Current 2010
Period Year to Annual
(3rd Quarter) Date Budget
Revenues
Special Events:
Betting on Education $0 $7,930 $5,000
Firecracker 3x3, net of costs 283 7,129 8,500
Golf Outing, net of costs 0 4,506 5,500
Major Saver 0 18,119
Phone-a-thon, net of costs 0 290 3,000
Unrestricted Donations 691 9,280 15,000
Temporarily Restricted Donations-Pass Thru 3,280 18,696
Permanently Restricted Donations 0 6,350
Investment Income 364 4,637
Teacher Celebration, net of costs 1,152 (1,764)
Other Revenue 0 338
Unrealized Gain/(Loss) on Investments 23,626 2,792
Realized Gain/(Loss) on Investments 233 233
Administrative Fees 1,000
Total Revenues $29,629 $78,535 $38,000
Expenses
Administrative Costs 5,722 39,059 67,100
Investment & Mgmt Fees 863 2,689
Scholarships
Endowed 0 $16,000
Pass-thru 0 $13,700
Program Grants & Awards 50 5,329 600
Marketing & Advertising 0 89 500
Recognition 0 13 100
Capital Development 0 0 100
Annual Report 0 0 500
Total Expenses $6,636 $76,879 $68,900
Change in Net Assets before Bridges to Success $22,994 $1,656 ($30,900)
Other Revenue (Expense)
Change in Net Assets $22,994 $1,656
Net Assets - Beginning of Year $516,577
Net Assets - End of Period $518,233
Lebanon Educational Foundation, Inc.
Statement of Financial Position
As of July 31, 2010
Assets
Current Assets
Cash & Cash Equivalents
Unrestricted Cash $9,374
Permanently Restricted Cash 2,566
Temporarily Resrticted Cash 76,834
Accounts Receivable 0
Prepaid Expense 292
Total Current Assets $89,065
Office Equipment, net of depreciation $692
Investments
Permanently Restricted 478,097
$478,097
Total Assets $567,853
Liabilities and Net Assets
Liabilities
Scholarships Payable $44,275
Deferred Revenue 3,651
Cragun Payables 392
Other Payables 1,302
Total Liabilities $49,620
Net Assets
Fund Balances $516,577
Current Year Change in Net Assets 1,656
Total Net Assets $518,233
Total Liabilities and Net Assets $567,853
Lebanon Educational Foundation, Inc.
Statement of Activities
For the Period of May 1, 2010 through May 31, 2010
Current 2010
Period Year to Annual
(2nd Quarter) Date Budget
Revenues
Special Events:
Betting on Education $0 $7,930 $5,000
Golf Outing, net of costs 3,958 $3,620 5,500
Firecracker 3x3, net of costs 1,190 1,814 8,500
Major Saver 18,119 18,119
Phone-a-thon, net of costs 0 290 3,000
Unrestricted Donations 1,068 7,353 15,000
Temporarily Restricted Donations-Pass Thru 4,414 15,201
Permanently Restricted Donations 0 6,350
Investment Income 310 2,957
Teacher Celebration, net of costs (5,274) (4,376)
Realized Gain/(Loss) on Investments 0 0
Unrealized Gain/(Loss) on Investments (29,371) (8,026)
Other Revenue 0 263
Administrative Fees 0 0 1,000
Total Revenues ($5,586) $51,495 $38,000
Expenses
Scholarships
Endowed 600 600
Pass-thru 4,319 4,319
Program Grants & Awards 50 250 600
Administrative Costs 5,270 27,595 67,100
Recognition 0 0 100
Marketing & Advertising 0 89 500
Investment & Mgmt Fees 0 1,825
Capital Development 0 0 100
Annual Report 0 0 500
Total Expenses $10,238 $34,678 $68,900
Change in Net Assets ($15,824) $16,816 ($30,900)
Net Assets - Beginning of Year $516,577
Net Assets - End of Period $533,394
License Plates
Lebanon Educational Foundation, Inc.
Expense Report
Current Year
Period to
(1st Quarter) (April) Date
Expenses
Salaries & Wages $13,641 4,567 18,209
Contract Services (Ron Lind, payroll) 180 60 240
Payroll Taxes 1,044 349 1,393
Personnel Development 0 75 75
Mileage 59 0 59
Office Supplies 214 42 257
Postage 47 44 91
Dues (INAPEF) 300 0 300
Subscriptions (Reporter) 47 0 47
Insurance
Business Master 100 0 100
Liability 88 88 175
Workers Compensation 365 0 365
Miscellaneous 0
Website 55 0 55
Business Entity Report Fee 10 0 10
PO Box Fee 48 0 48
Grant & Scholarship Committee 0 72 72
Scholarship Certificates 0 39 39
Legal Fees 560 0 560
Depreciation 231 0 231
$16,989 5,337 22,325