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<br /> <br /> <br /> <br /> <br /> SANTA ANA EMPOWERMENT CORPORATION <br /> Statements of Activities <br /> Years Ended June 30, 2010 and 2009 <br /> <br /> <br /> 2010 2009 <br /> <br /> Unrestricted net assets: <br /> Revenue and support: <br /> <br /> Empowerment Zone grant $ 2,780,246 $ 1,385,243 <br /> Program income - 1,571 <br /> <br /> Total revenue and support 2,780,246 1,386,814 <br /> <br /> Expenses: <br /> Program services 2,151,741 716,534 <br /> Management and general 628,505 687,566 <br /> <br /> Total expenses 2,780,246 1,404,100 <br /> <br /> Change in net assets - (17,286) <br /> <br /> Net assets, beginning of year - 17,286 <br /> <br /> Net assets, end of yeas $ - $ - <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> See Accompanying Notes to the Financial Statements. <br /> <br /> <br /> 4 <br /> 19C-12 <br />