COAST GUARD FOUNDATION INC
394 TAUGWONK RD
STONINGTON , CT 06378
Mission and Programs
Mission
THE FOUNDATION IS ORGANIZED TO RAISE FUNDS FOR THE UNITED STATES COAST GUARD (BOTH DISTRICTS AND ACADEMY)
Programs
THE FOUNDATION PROVIDES FUNDS AS WELL AS SERVICES TO PROMOTE ATHLETICS, BOATING, RE-CRUITING, RECREATION AND ACADEMICS AT THE UNITED STATES COAST GUARD ACADAMEY
CONTRIBUTIONS TO THE UNITED STATES COAST GUARD THE FOUNDATION CONTRIBUTES TO THE UNITED STATES COAST GUARD PROMOTING THE GENERAL WELFARE OF THOSE IN THE SERVICE
Program / Activities (NTEE Code)
Fund Raising and/or Fund Distribution
Financial Data
From the organization's FORM 990
Revenue and Expenses: Fiscal Year Ending December 31, 2007
|
Revenue |
|
Expenses |
|
Contributions |
$4,863,005 |
|
Government Grants |
$0 |
|
Program Services |
$0 |
|
Investments |
$703,118 |
|
Special Events |
$(883,291) |
|
Sales |
$0 |
|
Other |
$303,627 |
|
|
|
Program Services |
$2,638,194 |
|
Administration |
$890,828 |
|
Other |
$738,751 |
|
Total Expenditures |
$4,267,773
|
|
|
Total Revenue |
$4,986,459 |
|
NET GAIN/LOSS |
$718,686 |
|
|
Balance
Sheet: Fiscal Year Ending December 31, 2007
Notes
The
balance sheet gives a snapshot of the financial health of an organization
at a particular point in time. An organization's total assets should
generally exceed its total liabilities, or it cannot long survive,
but the types of assets and liabilities also must be considered.
For instance, an organization's current assets (cash, receivables,
securities, etc.) should be sufficient to cover its current liabilities
(payables, deferred revenue, current year loan and note payments).
Otherwise, the organization may face solvency problems. On the other
hand, an organization whose cash and equivalents greatly exceed
its current liabilities might not be putting its money to best use.
|
Assets |
Jan 1, 2007 |
Dec 31, 2007 |
Change |
| Cash
& Equivalent |
$1,017,370 |
$1,014,200 |
$(3,170) |
| Accounts
Receivable |
$42,182 |
$36,638 |
$(5,544) |
| Pledges
& Grants Receivable |
$325,563 |
$184,313 |
$(141,250) |
| Receivables/Other |
$0 |
$0 |
$0 |
| Inventories
for Sale or Use |
$0 |
$0 |
$0 |
| Investments/Securities |
$3,895,126 |
$4,781,423 |
$886,297 |
| Investments/Other |
$0 |
$0 |
$0 |
| Fixed
Assets |
$1,136,532 |
$1,129,216 |
$(7,316) |
| Other |
$103,218 |
$71,832 |
$(31,386) |
| Total
Assets |
$6,519,991 |
$7,217,622 |
$697,631 |
| |
|
|
|
|
Liabilities |
Jan 1, 2007 |
Dec 31, 2007 |
Change |
| Accounts
Payable |
$279,235 |
$400,461 |
$121,226 |
| Grants
Payable |
$0 |
$0 |
$0 |
| Deferred
Revenue |
$81,850 |
$70,750 |
$(11,100) |
| Loans
and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt
Bond Liabilities |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Total
Liabilities |
$361,085 |
$471,211 |
$110,126 |
| |
| FUND BALANCE |
$6,158,906 |
$6,746,411 |
$587,505 |
|
| |
Basic Information
|
|
|
This organization is required to file an IRS Form 990 or 990-EZ.
|
EIN: |
04-2899862 |
Fiscal
Year: |
2007
|
Assets:
|
$7,217,622
|
Income:
|
$4,986,459
|
|
Ruling Year:
|
1986
|
|
|
Board of Directors
|
|
ANNE B BRENGLE, PRESIDENT
GAIL WILCOX, VP FINANCE AND ADMIN
JANET M HALL, DIRECTOR OF ANNUAL GIVING
SUZAN C SPRINGER, VP FINANCE AND ADMIN
PATRICIA A GROSS, DIRECTOR OF SPECIAL EVENTS
|
|
| |
|
