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Financial Report

For the 12 months ending December 31, 2014

(For more information, please contact Finance Director Pam Schomburg at pschomburg@uwlax.edu or 608.785.8037)

BALANCE SHEET

ASSETS
December 31, 2014
 
Cash and Cash Investments  
$4,471,174
Investments Professionally Managed
$20,336,279
Accounts Receivable
$1,121,551
Other Gift Assets
$256,491
Building & Equipment
$23,816
Bond Service Costs
$64,854
  TOTAL ASSETS
$26,274,165


LIABILITIES AND FUND BALANCE

Liabilities
$68,442
Due to Other Funds
$0
Interest rate swap agreement
$0
Bond Debt
$2,165,000
Total Liabilities
$2,233,442
Fund Balance
$24,040723
TOTAL LIABILITIES AND FUND BALANCE
 
$26,274,165

STATEMENT OF SUPPORT, REVENUE AND CHANGES IN FUND BALANCE

INCOME
December 31, 2013
Contributions and Capital Additions
$3,015,120
Interest and Other Income
$1,013,558
TOTAL INCOME
 
$4,028,678

EXPENSES (SUPPORT FOR THE UNIVERSITY)

Scholarships, Grants and Awards for Campus and Community
$3,146,841
Fund Raising Costs
$186,497
Cost of Operations
$239,267
TOTAL EXPENSES
$3,572,605
 
 
 
Net Appreciation (Depreciation) on Investments
$786,241
Increase/(Decrease) in Fund Balance
$1,242,314
Beginning Fund Balance
$22,798,409
Ending Fund Balance
$24,040,723

Breakdown of Expenditures
(12 months ending December 2014)
Percent of each dollar expended for services, fund raising and operations.

  • 88.1% - Program Services
    Ongoing projects - endowment and restricted scholarships, university and community projects, faculty development grants, public education and other designated gifts.
  • 5.2% - Fund Raising Costs
    Expenses for annual fund and phonathon mailings and with alumni and other friends of UW-La Crosse planning special gifts.
  • 6.7% - Cost of Operations
    The administration, distribution and evaluation of scholarship and loan applications,  administration of faculty grants, maintenance of on-campus support programs (e.g., publications, receptions, etc.).

 


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Mailing Address: UW-L Foundation | P.O. Box 1148 | La Crosse, WI 54602-1148 Phone: 608.785.8489
Campus Location: 615 East Ave N, Cleary Alumni & Friends Center
Toll Free: 877.895.3863  |  Fax: 608.785.6868  |  Email: foundation@uwlax.edu

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