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,

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.