We are pleased to present the financial report for Women's American ORT for the 2000/2001 fiscal year. Our Auditors, Loeb & Troper, will be issuing our annual audit report, which is available upon request.
On certain of our restricted contributions, Women's American ORT applies an administrative fee for the related expenses.
FINANCIAL REPORT
Women's American ORT
Statement of Activities Total Unrestricted Temporarily Permanently
Year ended June 30, 2001 Restricted Restricted
                   
Public support and revenues
Project assignment and capital projects $ 11,267,194 $ 9,496,041 $ 1,736,101 $ 35,052
Membership dues 985,927 985,927
Legacies 2,308,150 2,308,150
Investment income 1,699,405 1,699,405
Reporter advertising 21,767 21,767
Change in value of split-interest agreements (9,448) (39,008) 29,560
Miscellaneous 86,697 86,697
Net assets released from restrictions - 81,499 (81,499)
Total public support and revenues $ 16,359,692 $ 14,640,478 $ 1,684,162 $ 35,052
Expenses
Program Services
ORT schools and grants $ 6,104,084 $ 6,104,084
Community and marketing 2,039,916 2,039,916
Organization 1,111,513 1,111,513
       
Total program services $ 9,255,513 $ 9,255,513
Supporting services        
Administration and general $ 2,846,797 $ 2,846,797
Fund raising 1,945,532 1,945,532    
Total supporting services $ 4,792,329 $ 4,792,329    
Total expenses $ 14,047,842 $ 14,047,842    
Change in net assets $ 2,311,850 $ 592,636 $ 1,684,162 $ 35,052
Net Assets - beginning of year $ 15,635,515 $ 6,159,537 $ 6,922,331 $ 2,553,647
Net Assets - end of year $ 17,947,365 $ 6,752,173 $ 8,606,493 $ 2,588,699

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