ANNUAL REPORT - Jimmie Heuga Center Endowment

ANNUAL REPORT
JIMMIE HEUGA CENTER ENDOWMENT
A WORD FROM OUR CHAIRMAN
This year marks fourteen years since the creation of the Jimmie
Heuga Center Endowment (JHCE). The original founders were a
group of Jimmie’s supporters, including current board members
Brock and Evalyn Byers, who felt that the Jimmie Heuga Center
for Multiple Sclerosis (MS) needed a long-term plan for financial
stability. The concept became reality and investment funds
have been growing ever since. Today, we are actively managing
the portfolio of funds, as well as seeking new contributions
through directed fundraising events designed to expand
awareness for the cause and inform people about the amazing
programs which Jimmie pioneered.
Richard Hicks
JHCE Chairman
Board of Directors
Our mission to financially support the multi-day programs for
people living with the chronic disease of MS requires new and
engaging forms of fundraising to compete in today’s crowded
market for charitable giving. The Endowment is a separate
501(c)(3) organization from Can Do MS (formerly The Jimmie
Heuga Center). We function independently and
complimentarily to assist the mission through strategic
initiatives and campaigns. The funds raised annually are added
to the investment accounts to help reach our payout threshold
of $1 million. A percentage of proceeds above this threshold
will be used annually to underwrite Jimmie’s unique programs
which help improve the quality of life for people living with MS.
Brock Byers – Founding Member
Evalyn Byers – Founding Member
Kelly Heuga Hamill – Legacy Member
Richard Hicks - Chairman
Michelle Leighton – Can Do MS Board
Jeff Olson – Can Do MS Board
Tomas Stone – Vice Chair and Treasurer
Staff
Richard Neustedter – Administration/Fundraising
Mike Marolt - Finance
We have recently completed a key education and awareness
tool by funding Mike Marolt and Montezuma Basin Productions
to create a documentary film on the incredible life of Jimmie
Heuga. This film was 3 years in the making, and started before
Jimmie passed away in February of 2010. It now serves as both
an educational testimonial on living with MS, as well as a
permanent memorial to the legacy of Jimmie Heuga.
Photo left:
Jimmie Heuga
1943-2010.
Photo below and
on cover:
Jimmie Heuga in sit ski
with Milty (Mike Miltner)
We hope you get the opportunity to see the film and renew
yourself through Jimmie’s inspirational life. We keep in mind
every day the way Jimmie chose to live by ‘taking the cards you
are dealt and making the most of your situation’.
Together we can keep Jimmie’s Legacy alive. Thank you for
making a difference.
Sincerely,
Richard Hicks
Chair, Jimmie Heuga Center Endowment
-- 2 --
THE YEAR IN REVIEW
MAJOR ACCOMPLISHMENTS
This is our first Annual Report, and we are excited to
share it with you!
 Completed first educational and awareness tool, a
documentary film − Can Do: The Legacy of Jimmie
Heuga.
Each year since our founding, we have depended on the
annual generosity of a few key donors, as well as growth
in investments to increase the fund. The last few years
have been challenging for investment markets, and we
responded by taking strategic steps to more actively grow
the Endowment. These include gaining new contributions
through specific fundraising campaigns and reducing
operational costs.
Our investment in an educational documentary is
designed to expand awareness, educate the general
public, and serve as a tool for contributions and gifts. The
inspirational story of Jimmie Heuga captures the heart of
audiences and will hopefully move them to support
Jimmie’s cause. It is a story which shows by example how
one person can impact the lives of many people.
 Held multiple screening events featuring Mike
Marolt’s film Skiing Everest, to raise awareness and
funds to support the mission.
 Created first brochure for JHCE − About the Film
Maker, featuring Mike Marolt and his documentary
film-making success. This leaflet is used to educate
film viewing audiences on Mike’s personal
relationship with Jimmie, and his appeal to support
Jimmie’s cause.
Film Screening Events generate revenue
and increase awareness for the charity
Image above: Skiing Everest movie poster
Upper left: Film maker, Mike Marolt
Lower left: Movie fundraising event - Betsy Black, Ashley Dwight,
Kelly Heuga Hamill, Mike Marolt
-- 3 --
Statement of Activities and Financial Position
SUMMARIZED STATEMENT
ACTIVITIES
FY 2010
SUMMARIZED STATEMENT
FINANCIAL POSITION
FY 2011
FY 2010
REVENUE
ASSETS
Donations and Gifts
50,031
13,046
Cash and Equivalents
0
22,480
Receivables
Grants
10,000
10,000
TOTAL INCOME
60,031
45,526
Special Events
Transfer from investments
53
3,995
0
0
Investment Funds
760,378
651,334
TOTAL ASSETS
760,431
655,329
6,000
17,183
0
0
6,000
17,183
754,431
638,146
61,500
TOTAL OPERATIONAL FUNDS
LIABILITIES
107,026
Accounts Payable
EXPENSES
Other Payables
Programs/Public Education
52,762
55,500
Fundraising
25,150
26,443
General and Administrative
13,024
11,289
TOTAL NET ASSETS
TOTAL EXPENSES
90,936
93,232
Unrestricted Net Assets
OPERATIONAL SURPLUS(Deficit)
(30,905)
TOTAL PAYABLES
13,794
53
3,995
Temporarily Restricted Net Assets
754,378
634,151
CHANGE IN NET ASSETS
106,258
(116,285)
2010
2011
12%
14%
28%
FY 2011
28%
58%
Functional expenses as a percentage of total spending
-- 4 --
Programs/Public Education
Fundraising
General and Administrative
60%
With Gratitude...
The Jimmie Heuga Center Endowment extends a special thanks to all who make our mission possible
through generous gifts of financial support, time and talent.
GRANTS
Roy A. Hunt Foundation
David H. Koch Foundation
Far West Ski Association
CORPORATE GIFTS and IN-KIND DONATIONS OF GOODS & SERVICES
INDIVIDUAL DONORS
Wendy Aber
Mary Omeara Alter
Scott and Jennifer Alter
Ian Altman
Mary Azevedo
Bertrans.com
Kevin and Barbara Brown
Brock and Evalyn Byers
Dort Cameron
Christin Cooper
William Dennis
Kelly Doherty
James and Mary Donovan
Michael and Anne Finney
Mark Fleming
Harrison Ford
Sheldon and Golda Friedstein
Goldman, Sachs & Co.
Gordon and Janice Gray
Chris Groll
Gerald Groswold
Lawrence Haddon
Brenda Hamilton
Debbie Heuga
Tod and Mary Caroline Hunt
Kelly Hurford
Michael Hurst
David Ingemie
Janet and Michael Kamon
Jean Claude Killy
Bence Kovacs
Lauren Lucky
Mike and Shelly Marolt
Ted Marolt
Leah Meunier
Sandra Mochary
Joyce Nakamura
Richard Neustedter
Deborah Ochsner
Thomas O’Donnell
-- 5 --
Gini Patterson
Nicholas Paumgarten
Troy and Katherine Penning
Joanne Posner Mayer
Rachel Richards
Fredrick and Ted Rifkin
Lyndsay Sabaka
Allan and Joanne Sgroi
Stephen Steiner
Mark Tache
Stephanie and Robert Trudeaux
James Ttee
John Tuschman
Chris Werhane
Michael Woodrow
Mary and John Wright
William and Kristina Wright
Karl Yambert
Jimmie Heuga Center Endowment
340 S. Lemon Avenue, #7579
Walnut, CA 91789
Email: [email protected]
In the words of Jimmie Heuga . . . pick a fight, “any fight,
cancer, homelessness, starvation, anything” and help “knock out
all the terrible diseases and conditions” in the world . . .
Help Keep Jimmie’s Legacy Alive
Personal Profile
It was during his childhood that Mike Marolt met the famous Olympic skier, 1964
bronze medalist Jimmie Heuga. Mike was impressed as much by Jimmie’s kind,
compassionate nature as by his ski prowess.
While still a teenager, Mike recalls when he and his father Max ran into Jimmie in
the gallery at a world cup race, and were asked to help him get to his car by
carrying him to the vehicle. That was the first time Mike had direct contact with
the devastating effects of multiple sclerosis.
This single experience led Mike to support the cause when asked by Jimmie to
“fight the fight against MS” through participation in ski events which raised
money for Jimmie’s MS charity. Jimmie challenged Mike to pick a fight, “any
fight, cancer, homelessness, starvation, anything” and help “knock out all the
terrible diseases and conditions” in the world.
Today, Mike donates his time and talent in support of the Jimmie Heuga Center
Endowment. This fund is dedicated to the long-term financial support of
programs based on Jimmie’s MS care philosophy and provides a living legacy for
the inspiration and dedication of Jimmie Heuga.
http://www.jhce.org