2011 Annual Review
Community Services Foundation (CSF) filed consolidated June 30, 2011, financial reports with Charleston Transitional Facility (CTF) and Southwest Community Services (SCS). Each agency will continue to have its own budget and operate independently. However, reporting financial information in this manner is required by law because the Foundation is the sole member of CTF and SCS. All three organizations have overlapping board members and work together so that each agency has the assistance it needs to provide the highest quality services to the people they serve.
A few of CSF’s accomplishments from the July 1, 2010 to June 30, 2011 fiscal year are featured below: - CSF sponsored the Making A Difference . . . Making A Match program to encourage donations on behalf of CTF and SCS. The program matched the donations of individuals and businesses and raised $26,070 for CTF and SCS. Since its inception in 2004 through June 30, 2011, the matching program raised a total of $157,182 for CTF and SCS.
- The newsletter, Foundation Focus, continued its mission of educating readers about matters relating to CSF and the organizations it funds, CTF and SCS.
- CSF made below-market interest rate loans available to CTF and SCS.
- CSF made contributions to CTF and SCS totaling $550,989.
- Highlights from the contributions include:
- CSF was the primary sponsor of CTF’s Annual Golf Outing. The proceeds from this event benefit CTF’s Individual Assistance Fund. These funds are used to purchase equipment or enrichment experiences that improve the lives of people receiving services at CTF.
- Funding was provided for the annual CTF resident vacation.
- CSF was the primary sponsor of SCS’s Annual Golf Outing and Bowl-A-Thon events.
- CSF provided funding for the SCS development office.
- CSF provided funding for the SCS curriculum development office.
- CSF provided funding for the formation of the TAP (talents, abilities, possibilities) program.
The full 2011 Annual Report is available to print from CSF’s web site – www.csfil.org.
Consolidated Statement of Activities:
| Revenue | | | Program Services Revenue | $18,286,811 | | Contributions and Fundraising | 315,958 | | Interest and Dividend Income | 211,655 | | Net Realized Gain on Sale of Assets | 52,165 | | Total Revenue, Support and Gains | $18,866,589 | | | | | Expenses | | | Program Services | $15,146,901 | | General Management Services | 2,022,719 | | Fundraising | 130,936 | | Total Expenses | $17,300,556 | | | | | Increase in Unrestricted Net Assets | $ 1,566,033 | | | | | | | | Consolidated Net Assets at End of Year | $17,566,572 |
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