Finance

Total funding for civil legal aid falls far short of the statewide need. Funding for civil legal aid has not kept up with Washington’s growing low-income population. The Washington State Supreme Court’s Task Force on Civil Equal Justice determined in 2004 that the Alliance needs an additional $28million per year (over twice the current funding level) to provide critical access to justice for Washington’s poor. This additional funding will ensure that some level of civil legal aid is available for the 140,000 households in Washington that experience an urgent civil legal problem and seek help. Funding is a public-private partnership. The courts, the legislature, the private bar and charitable donors have collaborated to make the promise of “equal justice for all” a reality for all Washingtonians, regardless of income.

Statements of Financial Position and Activities

ASSETS	December 31
ASSETS	2007	2006
Cash and Equivalents	$2,415,958	$2,036,839
Investments	15,078,025	13,983,091
Other Assets	488,115	433,467
Total Assets	$17,982,098	$16,453,397

REVENUES	December 31
REVENUES	2007	2006
Net IOLTA Program Income	$9,179,877	$8,668,104
Investment Income and Other	2,959,611	3,123,288
Total Revenues	$12,139,488	$11,791,392

LIABILITIES AND NET ASSETS	December 31
LIABILITIES AND NET ASSETS	2007	2006
Total Liabilities	$10,321,072	$9,211,883
Total Net Assets	7,661,026	7,241,514
Total Liabilities and Net Assets	$17,982,098	$16,453,397

EXPENSES	December 31
EXPENSES	2007	2006
Grants Awarded	$10,336,669	$9,216,543
Support Expenses (*incl. CMS)	1,383,307*	773,219
Total Expenses	$11,719,976	$9,989,762

Increase (decrease) in net assets	$419,512	$1,801,630
Net assets at beginning of year	$7,241,514	$5,439,884
Net assets at end of year	$7,661,026	$7,241,514

Figures are excerpted from our audited financial statements. A complete copy of the original audit report is available from the Legal Foundation of Washington.