Financial Highlights FY2014-2015
CII’s success is due to the generosity of public and private sources. We are grateful to the many individual, foundation, corporate and board donors, and especially our support groups—The Colleagues, The C.H.I.P.S., Les Amies, and Philanthropic Society Los Angeles (PSLA)—whose contributions have allowed us to provide the comprehensive, quality services CII is recognized for to our most underserved children and families.
Managing to the highest nonprofit standard, we use 90% percent of our operating expenses for direct program services with 10% percent for administrative support and development.
Revenue reported above, and therefore the Change In Net Assets, includes Campaign Contributions restricted for future year Watts facility construction. Children’s Institute, Inc.’s financial statements are audited annually. The condensed consolidated statement of activities was extracted from the audited financial statements. Complete audited financial statements are available upon request. Investment income (Net) decreased from $3.9M in prior year to $112K in current year, which is primarily a function of market performance.