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    Financial Statements

    Statements of Operations and Changes in Net Assets
    For the Years Ended December 31, 2012 and 2011



    Statements of Operations and Changes in Net Assets:
    Unrestricted Net Assets

    Unrestricted net assets20122011
    Unrestricted revenues, gains and other support: Contributions$2,656,196$2,067,407
    Unrestricted revenues, gains and other support: Investment income$5,906,625$7,407,385
    Unrestricted revenues, gains and other support: Net assets released from restrictions$8,502,560$8,555,627
    Unrestricted revenues, gains and other support: Other revenue$571,634$616,345
    Unrestricted revenues, gains and other support: Service contract with California Pacific Medical Center$7,436,121$6,728,916
    Total unrestricted revenues, gains and other support$25,073,136$25,375,680


    Statements of Operations and Changes in Net Assets:
    Unrestricted Expenditures and Operating Expenses

    Unrestricted expenditures and operating expenses20122011
    Program expenditures: California Pacific Medical Center$11,445,239$13,367,778
    Program expenditures: Others$1,131,111$84,861
    Total program expenditures$12,576,350$13,452,639
    Management and general$3,692,499$2,574,419
    Fundraising$4,754,311$5,073,916
    Total unrestricted expenditures and operating expenses$21,023,160$21,100,974
    Contribution of real property$8,489,502Not applicable
    Donation of real property-$500,000Not applicable
    Change in net unrealized gains (losses) on investments$14,962,151-$14,524,695
    Change in unrestricted net assets$27,001,629-$10,249,989

    Statements of Operations and Changes in Net Assets:
    Temporarily Restricted Net Assets

    Temporarily restricted net assets20122011
    Contributions$9,595,948$21,008,970
    Investment income$176,053$581,349
    Change in valuation of real property-$1,605,000Not applicable
    Change in net unrealized gains (losses) on investments$40,023-$70,551
    Change in valuation of pledges and split interest agreements-$658,588-$753,958
    Net assets released from restrictions-$8,502,560-$8,555,627
    Change in temporarily restricted net assets-$954,124$12,210,183


    Statements of Operations and Changes in Net Assets:
    Permanently Restricted Net Assets

    Permanently restricted net assets20122011
    Contributions$1,340,347$7,401,593
    Change in permanently restricted net assets$1,340,347$7,401,593
    Change in net assets$27,387,852$9,361,787
    Net assets at beginning of year$211,340,663$201,978,876
    Net assets at end of year$238,728,515$211,340,663

     
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