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Mountain States Legal Foundation Financial Statements December 31, 2014 and 2013 Mountain States Legal Foundation Table of Contents Independent Auditor's Report - Pages 1-2 Statements of Financial Position December 31, 2014 and 2013 Page 3 Statements of Acti ies and Changes in Net Assets Years ended December 31, 2014 and 2013 a Page 4 Statements of Functional Expenses Years ended December 31, 2014 and 2013 Poges 5-6 Statements of Cash Flows Years ended December $1, 2014 and 2013 __ Page 7 Notes to Financial Statements Pages 8-17 Page i BROCK AND COMPANY CPASPC B Si Rio gS Ely ed , eee iene paren ROGS . Certified Public Accountants SEE, AND Business Advisors GI OMPANY [== oe Independent Auditor's Report Board of Directors Mountain States Legal Foundation Lakewood, Colorado We have audited the accompanying financial statements of the Mountain States Legal Foundation (2 nonprofit organization), which comprise the statements of financial position as of December 31, 2014 and 2013, and the related statements of activities and changes in net assets, functional expenses, and cash flows for the years then ended, and related notes to the financial statements. Management's Responsibility for the Financial Statements, Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the

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