GCAC 2007 Annual Report | Executive Office

26/26

Statement of Activities

For the 12 months ended December 31, 2007

	Unrestricted	Temporarily Restricted	Total
SUPPORT AND REVENUE
City of Columbus Contract	1,018,500	3,063,000	4,081,500
Ohio Arts Council	91,171		91,171
Contributions	33,906	25,000	58,906
Arts Festival	360,475	163,900	524,375
Artist in Schools	216,692	90,000	306,692
Columbus Arts Stabilization		19,000	19,000
Children of the Future		275,406	275,406
Other	120,689	62,931	183,620
Net assets released from restrictions	3,858,183	(3,858,183)	-
TOTAL SUPPORT AND REVENUE	5,699,616	(158,946)	5,540,670

COMMUNITY FUNDING
Operating support grants	2,200,000		2,200,000
Project grants	450,601		450,601
Neighborhood grants	73,954		73,954
Technical Assistance	51,200		51,200
Individual Artist Fellowships	57,374		57,374
Designated Projects	356,648		356,648
TOTAL COMMUNITY FUNDING	3,189,777	-	3,189,777

PROGRAMS
Stabilization Grants and Technical Assistance	66,150		66,150
Artist in Schools	320,217		320,217
Children of the Future	254,855		254,855
Arts Festival	530,064		530,064
TOTAL PROGRAM EXPENSE	1,171,286		1,171,286

TOTAL COMMUNITY FUNDING AND PROGRAMS	4,361,063	-	4,361,063

GENERAL AND ADMINISTRATIVE
Administrative Salaries	480,970		480,970
Payroll Taxes and Employee Benefits	114,056		114,056
Accounting and Legal	16,934		16,934
Business Arts Partnership/Special Events	55,554		55,554
Conferences/Travel/Local Expenses	28,800		28,800
Office and Equipment Rental	119,152		119,152
Office Expenses	60,628		60,628
Telephone	9,937		9,937
Advertising/Public Information	39,440		39,440
Depreciation	35,122		35,122
Miscellaneous	19,467		19,467
TOTAL GENERAL AND ADMINISTRATIVE	980,060	-	980,060

TOTAL EXPENSE	5,341,123	-	5,341,123

Increase (decrease) in net assets	358,493	(158,946)	199,547
Beginning net assets	936,824	563,994	1,500,818

ENDING NET ASSETS	1,295,317	405,048	1,700,365

26/26

2007 Highlights

Introduction

Strategic Plan

Grants & Services

Community Arts Education

Columbus Arts Festival

Marketing, Communications & Outreach

Executive Office

GCAC Financials

Statement of Activities