STATEMENT OF FINANCIAL POSITION 12/31/2016 12/31/2015 12/31/2014 ASSETS Cash and cash equivalents $ 200,288 $ 157,311 $ 161,720 Investments 20,698,577 19,108,175 17,993,290 Contributions receivable, net - 625,433 889,471 Property and equipment, net 2,444 3,728 6,314 Beneficial interest in remainder unit trusts 29,803 28,598 902,588 Other assets 4,222 4,250 5,300 Total Assets $ 20,935,334 $ 19,927,495 $ 19,958,683 LIABILITIES Accounts payable $ 4,391 $ 3,361 $ 4,947 Due other agencies 2,917,109 2,842,272 3,017,433 Charitable annuity liabilities 43,881 46,158 48,921 Grants payable 53,333 24,166 55,000 Other 4,112 3,237 9,729 Total Liabilities $ 3,022,825 $ 2,919,194 $ 3,136,031 NET ASSETS Unrestricted $ 17,882,706 $ 16,979,703 $ 15,920,064 Temporarily restricted 29,803 28,598 902,588 Total Net Assets 17,912,509 17,008,301 16,822,652 Total Liabilities and Net Assets $ 20,935,334 $ 19,927,495 $ 19,958,683 STATEMENT OF ACTIVITIES 12/31/2016 12/31/2015 12/31/2014 REVENUES Contributions $ 1,054,195 $ 1,499,639 $ 1,822,150 Investment income 599,342 807,090 900,592 Foundation administrative fee revenue 281,090 273,126 251,701 Change in value of charitable gift annuities (4,666) (9,382) 12,750 Unrealized loss on property held for resale - - - Net unrealized and realized gains/(losses) on long-term investments 778,898 (953,414) (61,527) Other 24,696 25,982 24,719 Total Revenues $ 2,733,555 $ 1,643,042 $ 2,950,384 EXPENSES Grant distributions/program expenditures $ 1,182,379 $ 802,429 $ 707,974 Administration fee expense 239,835 230,103 208,150 Advertising and publications 19,619 18,750 18,671 Depreciation 1,283 2,586 2,822 Dues and subscriptions 5,775 4,003 3,438 Hospitality 11,343 11,725 10,773 Insurance 1,667 1,667 1,582 Professional fees 16,105 17,888 15,161 Office expense 24,798 21,572 19,859 Payroll and taxes 220,474 257,741 229,394 Postage 3,438 1,428 2,569 Seminars and conferences 1,473 6,006 2,942 Occupancy 8,980 9,176 8,601 Telephone 2,154 1,991 1,960 Investment fees 79,742 65,629 54,475 Youth Council 3,381 3,254 3,035 Miscellaneous 6,901 1,446 514 Total Expenses $ 1,829,346 $ 1,457,393 $ 1,291,919 Change in Net Assets 904,208 185,649 1,658,465 Net Assets at Beginning of Year 17,008,301 16,822,652 15,164,187 Net Assets at End of Year $ 17,912,509 $ 17,008,301 $ 16,822,652 * This Statement has been internally prepared - unaudited for 12/31/2016. OUR DREAMERS. OUR DONORS. There are people who have established funds, large and small, and sometimes multiple funds with varied objectives. Then there are the countless donors who have contributed to funds set up by others. The entry points into making a difference through the Community Foundation are many. SPECIAL PROJECTS SANDUSKY IMAGINATION LIBRARY American Colors · Anonymous · Buckeye Broadband · Civista Bank · Current Review Book Group · The Randolph J. and Estelle M. Dorn Foundation · The Erie County Community Foundation · The Sidney Frohman Foundation · Kiwanis Club of Sandusky in memory of Al Weingart, John Gerold and Edward L. Feick · Jane E. Miller in honor of Alea and Paul Dahnke, Deanna and Roger Kleckner, Ann Murray, Louise and Pat Murray, and Colleen and Pat Murray · Michael and Kathleen Mulvin · The Murray and Murray Charitable Foundation · The Patrick and Louise Murray Charitable Foundation in honor of Jane Miller · The Mylander Foundation · The Wightman·Wieber Charitable Foundation 100 WOMAN WHO CARE OF ERIE COUNTY FOR THE SANDUSKY IMAGINATION LIBRARY Anonymous · Roz Ahner · Linda Armstrong · Patricia Babiuch · Carol Barone · Mary Bauer · Mary Baxter · Sandra Beal · Lisa Beebe · Joanne Berardi · Peggy Bertsch · Joanne Beyer · Carol Boraski · Joan Boyle · Debra Brady · Tammie Brenton · Pamela Brumbaugh · Susan Brunner · Ann C. Bur · Paula Camella · Katherine Chesbro · Megan Clayburn · June Copper · Kimberly Corso · Erin Cremean · Elizabeth Cutler · Joyce Deering · Andrea Delamatre · Christine Eirons · Barbara Falfas · Annette Ferrell · Gail Finn · Susan Galloway · Gloria Gentry · Amy Grant · Ann Groff · Pat Guerra · Tracy Guerra · Melissa Gundlach · Harmony In Health Ltd. · Cynthia Hare · Mary Ellen Hart · Jennifer Jackway · Suzanne Jasper · Jane Kaftan · Mary Kandell · Karen Kaskewsky · Donna Kieffer · Renee Kluding · Patricia Krewson · Cynthia Lococo · Jane Lucal · Virginia Mamere · Martha Mariea · Mark Advertising · Lee Marsh · Carol Matthes · Anne H. McGookey · Laura McGookey · Holly McGreevy · Barbara Miller · Martha Miller · Karen Mork · Terri Mullins · Leslie Murray · Warrenette Parthemore · Cindy Patterson · Lisa Petersen · Paula Pisano · Elizabeth Poggiali · Michele Poulus · Charity Preston · Shelia Preston · Kristine Quartermaine · Paula Rengel · Lori Roth · Kimberly Sabo · Lori Schlessman · Cam Shenigo · Rosalyn Shepherd · Kathryn G. Smith · Heather Stouffer · Sheryl Strbjak · Charles Thompson · Cindi Toll · Patricia Volz · Linda Waters · Cynthia White · Norma Wible · Carolyn Wiseman · Stacey Witter · Diane Wolfe · Darlene Wood · Cathy Zeiher · Jennifer Zemba · Linda Ziegler SANDUSKY BICENTENNIAL CELEBRATION The Randolph J. and Estelle M. Dorn Foundation Charitable Impact Fund Fund · Buckeye Broadband "COMMUNITY LINKS" INTERNSHIP INITIATIVE The Randolph J. and Estelle M. Dorn Foundation · The Erie County Community Foundation · The Sidney Frohman Foundation · The Murray and Murray Charitable Foundation · The Mylander Foundation · The Sam S. and Rose Stein Foundation · The Wightman-Wieber Charitable Foundation · Youth Council · The Erie County Community Foundation Board of Directors in honor of John O. Bacon for years of valuable service to the Community Foundation · The Mylander Foundation · Judy Pflieger · Sandusky Rotary Club Charitable Fund, Inc. · Gary and Debra Stiffler in honor of Randy Wagner 12 | |13