Financial summary for The Peregrine Fund — FY2011

STATEMENT OF FINANCIAL POSITION
AT SEPTEMBER 30, 2011
Assets 2011 2010
Cash and cash equivalents $1,322,262 $1,229,452
Grants receivable 258,730 102,654
Pledges and other receivables 456,188 1,026,264
Inventory, prepaids, and other assets 125,399 107,114
Property and equipment (net of depreciation) 4,825,453 5,137,284
Archives collection 2,307,103 2,276,960
Endowment assets 9,964,306 9,702,738
TOTAL ASSETS $19,259,441 $19,582,466
       
Liabilities and Net Assets
LIABILITIES
Accounts payable  $64,117 $65,829
Accrued taxes and expenses 50,610 28,832
Deferred revenue 9,567 30,683
TOTAL LIABILITIES 124,294 125,344
NET ASSETS
Unrestricted $17,732,890 $17,705,367
Temporarily restricted 1,402,257 1,751,755
TOTAL NET ASSETS 19,135,147 19,457,122
TOTAL LIABILITIES AND NET ASSETS $19,259,441 $19,582,466
 

STATEMENT OF ACTIVITIES
for the year ended SEPTEMBER 30, 2011, with comparative totals for 2010
UNRESTRICTED OPERATIONS
Revenues 2011 Total 2010 Total
Contributions utilized (note 1) $3,778,693 $3,465,502
Government grants 972,492 631,195
In-kind revenues 385,639 270,368
Admissions and sales 210,837 185,714
Endowment funds utilized 465,400 413,300
Special Event 175,064  —  
Other 23,151 46,488
Total unrestricted revenues, gains, and other support $6,011,276 $5,012,567
Expenses
PROGRAM EXPENSES
Species restoration $2,144,685 $1,986,506
Conservation programs 1,670,386 1,294,653
Education/information 1,177,342 891,784
Total program expenses 4,992,413 4,172,943
SUPPORT SERVICES EXPENSES
Administration $466,190 $381,863
Fundraising 390,164 378,773
Membership 122,286 75,426
Total support services expenses 978,640 836,062
     
Total expenses–operations 5,971,053 5,009,005
OPERATING REVENUES OVER OPERATING EXPENSES $40,223 $3,562
NON-OPERATING ACTIVITIES
Capital 2011 Total 2010 Total
Contributions utilized  to purchase fixed assets 38,652 74,620
Restricted contributions utilized–Condor Exhibit —    220,988
Depreciation on Fixed Assets (320,307) (338,005)
Loss on asset disposition (33) (7,757)
Endowment
Bequests and endowments 215,191 98,092
Investment income (loss) 509,052 893,174
Endowment funds utilized (465,400) (413,300)
Pledges and contributions designated for future years
Pledges and contributions 344,153 99,058
Prior year's revenue used in current year (683,506) (1,000,926)
Total non-operating activities  (362,198) (374,056)
       
Increase (decrease) in net assets (321,975) (370,494)
Net assets at beginning of year 19,457,122 19,827,616
Net assets at end of year $19,135,147 $19,457,122

 

Note 1: Contributions utilized in 2011 includes current year contributions of $3,095,187, and prior years' contributions released from restrictions of $683,506.

Financial documents

The Board of Directors established an endowment fund during fiscal year 1983 to help ensure the financial future of the Fund. A policy, established by the Board of Directors, allows The Peregrine Fund to use a portion of the endowment fund’s market value towards operating expenses. The amount withdrawn for fiscal year 2011 was $465,400.

The financial results depicted are derived from The Peregrine Fund’s audited September 30, 2011 financial statements, which contain an unqualified opinion. The complete audited financial statements can be obtained by contacting The Peregrine Fund, Administrator, 5668 West Flying Hawk Lane, Boise, Idaho 83709. You may also download the audited FY2011 financial statement.

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