Mountain States Legal Foundation
Financial Statements
December 31, 2014 and 2013Mountain 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
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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