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People protecting the lands, waters, and wildlife of the Greater Yellow-stone Ecosystem, now and for future generations.


Financial Accountability


“Greater Yellowstone Coalition’s financial position is very strong. There is a solid accounting infrastructure in place, a knowledgeable and detail-oriented Finance Director at the helm, useful reports available on a regular basis for both Board and staff, and a comprehensive financial audit conducted annually.” - Training Resources for the Environmental Community
The Greater Yellowstone Coalition is pleased to report another strong year. Memberships, individual donations, and foundation grants have allowed the organization to expand important conservation work and achieve many successes.

Our Board of Directors, Finance Committee members and staff are committed to strong governance, accountability and transparency. The Finance Committee of our Board of Directors retains an independent accounting firm to conduct an annual audit of our financial statements, assuring that the organization is prudent with the resources with which we are entrusted each year. We’re proud that our audits are consistently “clean,” confirming the financial statements are complete and accurate. The audited financial statements and IRS 990 Form (the federal non-profit tax return) are posted below.

We are fortunate to be sustained by close to 9,000 members and many foundations, businesses and like-minded organizations that signal their belief in our work through annual financial support. We gratefully acknowledge that support for the period of our fiscal year 2007: October 1, 2006 - September 30, 2007.

Thank you all for the confidence you place in us! Our promise in return is doing all we can to ensure a healthy and thriving Greater Yellowstone Ecosystem, now and for future generations.

Sincerely,

Todd Graham, Michael Scott,
Board Chair Executive Director

Net Assets – We maintain a healthy balance, with over $4 million that is either unrestricted or emporarily restricted and available for specific purposes. In addition, over $2 million is held in permanently restricted endowment funds that generate earned income, a portion of which is applied toward annual operations.

Funding – In 2007, Greater Yellowstone Coalition revenues totaled $3,643,244, with $1,318,929 or 36%, coming from generous individual supporters. Foundation grants of $1,487,018 represented 41% of the revenue supporting our conservation programs. The remaining 23% came from other sources, including special events and investment earnings. A list of supporting foundations and major donors is included in this report.

Revenue is recognized in the year a promise to give is made, even though the funds may be received and the related expenses incurred in future years, in accordance with generally accepted accounting principles.

Conservation Program Expenses –$2,338,692, 77% of total expenses, was applied toward our direct conservation and education programs to protect the Greater Yellowstone ecosystem’s wildlands, wildlife and rivers, and to build broad public support for conservation that is sustainable over time within ecosystem communities.

Support Service Expenses – General administrative and fundraising expenses that support GYC’s conservation mission totaled $706,158 or 23% of total expenses for 2007.

2007 Revenue

2007 Expenses

Statement of Financial Position
(Fiscal years ended September 30)
2007
2006
ASSETS
Cash and cash equivalents
$
1,720,977
1,424,936
Short-term investments
1,316,010
1,223,463
Receivables
    Foundations
550,615
522,718
    Individuals
566,958
679,416
Other assets
42,365
50,964
Equipment, net of accumulated
0
3,400
    depreciation
Endowment fund investments
2,414,949
2,173,688
Total assets
$
6,611,874
6,078,585
LIABILITIES
Accounts payable and other liabilities
$
275,179
340,025
Gift annuity obligations
35,184
31,247
Total liabilities
310,363
371,272
NET ASSETS
Unrestricted:
    Designated by the Board
866,835
866,835
    Unrestricted
818,980
687,579
Temporarily restricted
2,745,798
2,283,001
Permanently restricted
1,869,898
1,869,898
Total net assets
6,301,511
5,707,313
Total liabilities and net assets
$
6,611,874
6,078,585

Consolidated Statement of Activities
SUPPORT AND REVENUE
Contributions from individuals
$
1,318,929
1,706,587
Contributions from foundations
1,487,018
828,518
Other -- events, sales, conferences, etc.
349,192
318,943
Interest and investment earnings
488,105
269,730
Total support and revenue
$
3,643,244
3,123,778
EXPENSES
Conservation programs
$
2,338,692
2,030,905
Support services:
    General and Administrative
254,270
252,006
    Fundraising
451,888
342,095
Total support services
706,158
594,101
Total expenses
$
3,044,850
2,625,006
CHANGES IN NET ASSETS
$
598,394
498,772
NET ASSETS, beginning of year
5,707,313
5,212,373
Prior period adjustment
   (4,196)
    (3,832)
NET ASSETS, end of year
$
6,301,511
5,707,313


The information presented in these financial statements is based on our certified audit by Junkermier, Clark, Campanella, Stevens, P.C.

Form 990s- Past Years of GYC's Form 990, required of non-profits by the IRS, are available for download below:

Form 990 for Fiscal Year 2007 (pdf)
Form 990 for Fiscal Year 2006 (pdf, 1.9 MB)
Form 990 for Fiscal Year 2005 (pdf, 1.6 MB)
Form 990 for Fiscal Year 2004 (pdf, 1.7 MB)

Audited Financial Statements- GYC's audited financial statements are available as well:

Audited Financial Statement for FY 2007
Audited Financial Statement for FY 2006
Audited Financial Statement for FY 2005
Audited Financial Statement for FY 2004

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