SAGE Services and Advocacy for Gay, Lesbian, Bisexual & Transgender Elders
2011 Annual Report


SERVICES & ADVOCACY FOR GLBT ELDERS (SAGE)

Condensed Statement of Financial Position
June 30, 2011 and 2010

2011 2010
Assets
Cash and Investments
Receivables and Pledges
Prepaid Expenses and Other Assets
Property & Equipment, Net
Total Assets

$1,876,671
$2,366,766
$190,866
$4,088,519
$8,522,822

$1,636,351
$1,982,213
$205,135
$466,388
$4,290,087
Liabilities
Payables and Accrued Liabilities
Bridge Loan Payable
Line of Credit
Other Liabilities
Deferred Revenues
Total Liabilities

$591,471
$2,700,000
$150,000
$261,329
$64,946
$3,767,746

$569,800
-
-
$194,012
$129,483
$893,295
Net Assets
Unrestricted
Temporarily Restricted
Total Net Assets

$2,422,482
$2,332,594
$4,755,076

$1,755,245
$1,641,547
$3,396,792
Total Liabilities and Net Assets $8,522,822 $4,290,087


Condensed Statement of Activities
For the year ended June 30, 2011 and 2010

2011 2010
Support and Revenue
Government Grants and Contracts
Contributions Individuals and Foundations*
Special Events(Net)
Program Fees
Investment and Other Income
Total Support and Revenue

$1,205,251
$5,657,267
$407,672
$63,017
$92,334
$7,425,541

16%
76%
6%
1%
1%
100%

$1,193,962
$4,236,385
$279,867
$124,658
$82,219
$5,917,091

20%
72%
5%
2%
1%
100%
Expenses
Programs and Direct Services
Administration
Fundraising
Total Expenses

$4,453,000
$625,010
$989,247
$6,067,257

74%
10%
16%
100%

$3,621,062
$482,124
$720,542
$4,823,728

75%
10%
15%
100%
Change in Net Assets $1,358,284 ** $1,093,363


* Includes Donated Services and Products, Corporate Giving (non-event related), Memberships and Bequests
** Because of rules specific to non-profit accounting, SAGE is required to recognize the entirety of a multi-year grant in the year the commitment is made, not when the cash is received. Subtracting out this type of support reduces SAGE's FY11 surplus by $691,047.


Condensed Statement of Cash Flows
For the year ended June 30, 2011

2011
Change in Net Assets $1,358,284
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
$1,172,772
$(4,018,799)
$2,867,386
Net increase (decrease) in cash and cash equivalents $21,359
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
$323,326
$344,685


Copyright © 2012 Services & Advocacy for GLBT Elders (SAGE). All Rights Reserved.

Support and Revenue
FY 2011

Contributions Individuals and Foundations* 76%
Government Grants
and Contracts
16%
Special Events (Net) 6%
Program Fees 1%
Investment and Other Income 1%

* Includes Memberships and Bequests


Expenses
FY 2011

Programs and Direct Services 74%
Fundraising 16%
Administration 10%

* Includes Memberships and Bequests