Cadillac Area Community Foundation
FINANCIAL
HIGHLIGHTS
December 31, 2006
ASSETS
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| Total
current assets |
5,872,759 |
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Total other assets |
236,321 |
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TOTAL ASSETS |
$ 6,109,080 |
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|
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CURRENT LIABILITES |
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| Total
current liabilities |
12,525 |
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TOTAL NET ASSETS |
6,096,555 |
TOTAL
LIABILITIES AND FUND BALANCE |
$6,109,080 |
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PUBLIC
STATEMENT OF ACCOUNTABILITY:
We invite you to contact us to obtain any further information
that may be useful to you. The Cadillac Area Community
Foundation is fully accountable to the donors and citizens
of the Cadillac area. Our records, with the exception
of specific donor and donor gift information, are available
to the public. We would be pleased to provide you
with more detailed information regarding our operations,
including the opportunity to view our IRS Form 990.
We ask that you contact the Foundation offices for an
appointment so that we may have a staff member assist
you.
An independent audit is completed each year. This
audit is available upon request.
The
operations of the Cadillac Area Community Foundation are
governed by a volunteer Board of Trustees comprised of
community members.
The Investment Committee of the Cadillac Area Community
Foundation is responsible for making recommendations to
the Board of Trustees regarding investment decisions and
oversight of the investments and investment managers.
A list of our investment managers with a schedule of fees
charged is available upon request.
In addition, the Cadillac Area Community Foundation willingly
and successfully meets the Council of Michigan Foundation's
measures of Standards for Community Foundations.
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