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VCC 2014 Annual Report · 13
Condensed Consolidated
Statements of Operations
Years Ended December 31
2014
2013
INCOME
Interest income
$4,905,316
$4,350,287
Grant income
2,533,437
1,585,274
Other income
365,330
808,348
Total Income
7,804,083 6,743,909
EXPENSE
Program services
5,179,101
4,241,193
Management and general services
1,423,379
1,251,555
Other expenses
91,267
52,110
Total Expense
6,693,747 5,544,858
Change in Net Assets
$1,110,336 $1,199,051
2007
$29
2008
$34
2009
$45
2010
$71
2011
$86
2012
$86
2013
$102
2014
$121
2007
$19
2008
$19
2009
$19
2010
$19
2011
$20
2012
$22
2013
$24
2014
$25
Total Assets
In Millions
Total Net Assets
In Millions
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