2005 Annual Report

Epilepsy Foundation and Epilepsy Research Foundation

Summary Audited Consolidated Financial Statements

Consolidated Statements of Financial Position

  June 30
  2005   2004
Assets
Current assets $7,866,910   $8,342,770
Non-current contributions receivable 262,000   423,000
Beneficial interest in perpetual trusts 3,274,545   3,222,067
Investments 11,112,922   9,201,691
Property and equipment, net 469,326   530,774
Total assets $22,985,703   $21,720,302
 

 

  

 
LIABILITIES AND NET ASSETS
Current liabilities $4,288,574   $3,887,321
Non-current grants payable 237,500   81,250
Net assets 18,459,629   17,751,731
Total liabilities and net assets $22,985,703   $21,720,302
 

 

  

 
Consolidated Statements of Activities
  For the Year Ended June 30,
  2005   2004
Revenue:      

Contributions

 $11,157,284   $18,960,006

Government grants

 4,486,102   3,322,024

Affiliate dues

 625,645   594,060

Special events, net of direct cost

 331,874   334,853

Investment income

 613,713   440,984

Other

 381,203   561,057
Total revenue 17,595,821   24,212,984
Expenses:      

Program Services

      

Research

 3,378,414   3,235,005

Public health education

 2,960,760   2,392,977

Professional education and training

 123,071   93,655

Community services

 5,354,255   4,733,846

Patient services

 1,380,613   1,553,839

 

 13,197,113   12,009,322

Supporting Services

      

Management and general

 1,747,078   1,684,283

Fundraising

 1,693,732   1,706,850
  3,440,810   3,391,133

Other Deductions

      

Uncollectible pledge

 250,000   0
Total expenses 16,887,923   15,400,455
Change in net assets 707,898   8,812,529
Net assets, beginning of year 17,751,731   8,939,202
Net assets, end of year $18,459,629   $17,751,731