Financials
Camp Gross Foundation, Inc.
Statement of Financial Position - Cash Basis
December 31,
| 2002 | 2001 | |
|
ASSETS |
||
|
Cash |
$40,965 | $6,180 |
| Investments, at cost | 80,071 | 92,226 |
| Property and equipment: | ||
| August Jankowski Bath House | 87,056 | 87,056 |
| Enoch Carlson Lodge | 25,000 | 25,000 |
| Enoch Carlson Lodge - improvements | 63,256 | 57,222 |
| Ranger House | 30,000 | 30,000 |
| Scouters Cabin | 8,000 | 8,000 |
| Homan Cabin | 7,000 | 7,000 |
| Silliman Cabin | 7,000 | 7,000 |
| Olmstead Cabin | 8,000 | 8,000 |
| Rackett Cabin | 2,000 | 2,000 |
| Robinson Cabin | 2,000 | 2,000 |
| Logan Storage Shed | 4,000 | 4,000 |
| Equipment | 38,693 | 38,693 |
| Alumni Dock | 5,326 | - |
| Campgrounds | 110,000 | 110,000 |
| Five Open Shelters | 1,500 | 1,500 |
| 398,831 | 387,471 | |
| Less accumulated depreciation | (68,195) | (56,653) |
| 330,726 | 330,818 | |
| $451,762 | $429,224 | |
| NET ASSETS | ||
| Unrestricted: | ||
| Undesignated | 58,209 | 21,766 |
| Board designated | 62,827 | 76,640 |
| 121,036 | 98,406 | |
| Permanently Restricted - Robert Gross Bequest | 330,726 | 330,818 |
| $451,762 | $429,224 |
Camp Gross Foundation, Inc.
Statement of Activities - Cash Basis
December 31,
| 2002 | 2001 | ||||||
| Undesignated | Board Designated | Permanently Restricted | Undesignated | Board Designated | Permanently Restricted | ||
| Receipts and other support: | |||||||
| Interest |
$370 |
- | - | $183 | - | - | |
| Dividends | - | 1,658 | - | - | 6,526 | - | |
| Contribution | 50,441 | 1,500 | - | 22,071 | 11.847 | - | |
| Camp fees | 4,492 | - | - | 4,500 | - | - | |
| Sundry | - | - | - | 250 | - | - | |
| Total receipts and other support | 55,303 | 3,158 | - | 27,004 | 18,373 | - | |
| Expenses: | |||||||
| Repairs and maintenance | 5,496 | - | - | 3,318 | - | - | |
| Utilities | 5,794 | - | - | 6,868 | - | - | |
| Insurance | 6,309 | - | - | 1,637 | - | - | |
| Depreciation | - | - | 11,452 | - | - | 10,992 | |
| Postage and printing | 1,472 | - | - | 1,336 | - | - | |
| Snowplowing and waste removal | 793 | - | - | 617 | - | - | |
| Seminars | 2,889 | - | - | 1,381 | - | - | |
| Professional fees | 150 | - | - | 410 | - | - | |
| Filing fees | 110 | - | - | 110 | - | - | |
| Supplies | 83 | - | - | 320 | - | - | |
| Camperships | 200 | - | - | - | - | - | |
| Duck Pond project | 650 | - | - | - | - | - | |
| Miscellaneous | 525 | - | - | 442 | - | - | |
| Total expenses | 24,471 | - | 11,452 | 16,439 | - | 10,992 | |
| Change in net assets before Interfund transfers | 30,832 | 3,158 | (11,452) | 10,565 | 18,373 | (10,992) | |
| Interfund transfers | 5,611 | (16,971) | 11,360 | (12,761) | (500) | 13,261 | |
| NET ASSETS, at beginning of year | 21, 766 | 76,640 | 330,818 | 23,962 | 58,767 | 328,549 | |
| NET ASSETS, at end of year | $58,209 | $62,827 | $330,726 | $21,766 | $76,640 | $330,818 |