Financial report: a Strong Foundation.

• Author: Clapp, Eugene H.
• Position: 2013 FISCAL YEAR IN REVIEW

T his past year was one of accomplishment for CLF, as we made significant progress in our work to create a coal-free New England, hold polluters accountable for impairing our waterways, protect our oceans, and ensure adequate funding for transportation infrastructure. The year ahead will be a critical one as we strive to not just hold the line on these successes, but to move our vital work forward in ways that will create a thriving New England for all.

Fortunately, we are in a strong position to do the work that needs to be done. This past year, revenue through programs, in particular our Enforcement Program, increased, as did giving from both foundation funders and individual donors. This strong revenue performance as well as diligent management of costs combined to deliver a surplus. Our endowment also increased this past fiscal year, with its market value growing by 20 percent to $10.2 million.

Of our total. $7.1 million operating budget, approximately 88 percent was allocated to program services. CLF spent 6 percent for management and administration, with another 6 percent directed toward the fundraising needed to generate current income.

Over the past year, we continued to review and refine our operations, with a goal towards strengthening CLFs health as an organization and our ability to achieve our mission. To truly succeed over the long term, we will need many more people across New England to get inspired by and to support our mission. In the year ahead, we will continue to pursue a highly relevant and focused set of initiatives that foundation funders and individual donors value, while also working to greatly expand our visibility and reach. With the support of our members, generous donors, and dedicated volunteers, we feel confident that we are well positioned to meet our objectives, and I look forward to updating you on our progress.

Sincerely,

Eugene H. Clapp, Treasurer, Board of Trustees

The Charles Cabot Society Donors who have generously included CLF in their will or have established a planned gift

Anonymous (3)

Ms. Sonia C. Atkinson

Mrs. John R BLizard'

Ms. Janet C Bunbury

Mr. Raymond H Deardon, Jr.'

Mr. Willpam L Dun1ey

Louise Durlee. Esq

Mr. Robert G. Erwin

Mr. and Mrs. Jacques P. Fiechter

Robert E. Grady

Mrs. Marcjaret A. Gray'

Martn L Gross

Gordon Hill

Ms. Annette M Higby and

Mr Martin Strange

The Honorable and Mrs, Philip H Hot

Harold W Janeway

Ms. Marilyn P. Johnson

Ms. Carotrie Tail Knowlton

Ted ind Beedee Ladd

Mrs...