Michigan Women's Foundation
Annual Report, FY1988/89

We are pleased to report our volunteers, donors, Trustees, and our many other MWF friends that FY 88/89 was a year filled with new accomplishments as well as the culmination of a three year history of important progress toward realizing our mission -- increasing support for programs and projects that empower Michigan women and girls. It was also a year that inspired hopes and dreams for the Foundation's future.


Our Accomplishments...


Our Hopes and Dreams...

MWF's financial health is an important ingredient in achieving our mission. The MWF Balance Sheet and Statement of Revenues, Expenses and Changes in Fund Balance for FY 88/89 are also included in this report. We will work hard to build an even stronger financial base for the Foundation in FY 89/90, so that we can indeed realize our hopes and dreams for the future.

The Michigan Women's Foundation is a unique organization. We are not a private foundation but rather a special partnership of donors, volunteers and women's nonprofit organizations from across Michigan who are working to improve the lives of women and girls. Thank you for being a partner in our past accomplishments and in our exciting future.

(signed) Mildred M. Jeffrey
President

(signed) Susan Church
Executive Director


BALANCE SHEET
September 30, 1989

ASSETS

CURRENT ASSETS
Cash and cash equivalents $306,094
Marketable equity securities 168,277
Other assets 1,120

Total Current Assets 457,491

FURNITURE - (At cost, net of accumulated depreciation of $1,022) 1,848

Total Assets $477,339

LIABILITIES AND FUND BALANCE

CURRENT LIABILITIES
Accounts Payable $ 2,404
Grants Payable 4,000
Accrued Liabilities 3,333

Total current liabilities 9,737

FUND BALANCE 467,602

Total Liabilities and Fund Balance $477,339


STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN FUND BALANCE
Year ended September 30, 1989

REVENUE
Contributions $493,277
Fundraising 26,315
Program Revenue 1,543
Interest 23,466
Gain on sale of marketable securities 10,929

Total revenue 555,5101

EXPENSES
Operating expenses 52,255
Fundraising expenses 17,204
Program expenses 40,149
Grants 16,597

Total expenses 126,205

REVENUE OVER EXPENSES 429,305

FUND BALANCE - Beginning of year 38,297

FUND BALANCE - End of year $467,602


Address at time of the 1988/89 Report: Michigan Women's Foundation, 119 Pere Marquette, Suite 2A, Lansing, MI 48912-1213; (517) 374-7270

Current Address: Michigan Women's Foundation, 17177 North Laurel Park Dr., Suite 445, Livonia, MI 48152
telephone: (734) 542-3946; fax: (734) 542-3952
Center for Women, 25 Sheldon Blvd., SE, Grand Rapids, Michigan 49503
telephone: (616) 742-2389; fax: (616) 459-8460

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