 |
|
|
|
2007 |
|
|
|
2006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Assets as of December 31 |
|
$ |
|
25,791,361 |
|
$ |
|
23,872,038 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues, net |
|
$ |
|
20,064,751 |
|
$ |
|
13,497,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Grant Expenditures: |
|
|
|
|
|
|
|
|
| Grants paid (see below) |
|
$ |
|
19,183,359 |
|
$ |
|
20,217,201 |
| Change in grants accrued for future payment (1) |
|
|
|
(4,591,702) |
|
|
|
2,717,088 |
| Grants revoked |
|
|
|
0 |
|
|
|
(25,748) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Grant Expenditures, net |
|
$ |
|
14,591,657 |
|
$ |
|
22,908,541 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expenses: |
|
|
|
|
|
|
|
|
| Operating expenses |
|
$ |
|
2,327,132 |
|
$ |
|
2,639,639 |
| Depreciation |
|
|
|
53,696 |
|
|
|
89,840 |
| Federal excise tax expense (benefit) |
|
|
|
67,239 |
|
|
|
(3,118) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Expenses, net |
|
$ |
|
2,448,067 |
|
$ |
|
2,726,361 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Detail of Grants Paid: |
|
|
|
|
|
|
|
|
| Grants paid through The Arthur M. Blank Family Foundation |
|
$ |
|
16,204,450 |
|
$ |
|
17,023,227 |
| Grants paid through Direct Charitable Activities |
|
|
|
128,881 |
|
|
|
129,273 |
| Grants paid through Atlanta Falcons Youth Foundation (AFYF) |
|
|
|
2,153,347 |
|
|
|
2,036,025 |
| Grants paid through AFYF Direct Charitable Activities |
|
|
|
73,395 |
|
|
|
124,731 |
| Grants paid through AFYF Events and Direct Charitable Activities |
|
|
|
283,674 |
|
|
|
514,298 |
| Grants paid through Mountain Sky Guest Ranch (MSGR) Fund |
|
|
|
276,288 |
|
|
|
297,900 |
| Grants paid through MSGR Fund Direct Charitable Activities |
|
|
|
9,854 |
|
|
|
1,218 |
| Grants paid through Philanthropic Memberships |
|
|
|
53,470 |
|
|
|
90,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Grants Paid |
|
$ |
|
19,183,359 |
|
$ |
|
20,217,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) Amount represents the change in the grant commitment liability from the prior year. As of 12/31/07, the grant commitment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| liability was $18.4M versus $23M on 12/31/06. |
|
|
|
|
|
|
|
|