The Karl Kirchgessner Foundation
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FINANCIALS

Statement of Financial Position
June 30, 2011
Assets 2011   2010
Cash and cash equivalents $ 193,962   $ 236,309
Marketable securities   18,231,903     15,405,204
Taxes receivables   -     9,646
Deferred tax asset   -     17,830
Total assets $ 18,425,865   $ 15,688,989
Liabilites and Net Assets
Liabilities
Accrued expenses $ 35,806   $ 31,095
Deferred tax liability $ 28,846   -
Taxes payable $ 12,924   -
Total liabilities   77,576     31,095
Net assets
Unrestricted   18,348,289     15,637,894
Total net assets   18,348,289     15,637,894
Total liabilities and net assets $ 18,425,865   $ 15,668,989

The Karl Kirchgessner Foundation is a Nevada Non-Profit Corporation
1525 Aviation Boulevard #168, Redondo Beach, CA 90278 - Telephone 310-318-2949