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' Hibiscus Children ' s Center, Inc . NOTES TO FINANCIAL STATEMENTS June 30 , 2002 NOTED - CONCENTRATIONS OF CREDIT RISK ' Financial instruments that potentially subject the Center to concentrations of credit risk consist principally of temporary cash , investments and grants receivable . Cash balances are maintained at several financial institutions located in Martin County . Cash accounts at ' each of these institutions are insured by the Federal Deposit Insurance Corporation up to $ 100, 000 . At June 30 , 2002 uninsured cash balances were approximately $ 389 , 306 . ' Securities held by brokerage institutions are insured by the Securities Investor Protection Corporation (SIPC ) up to $ 500 ,000 . The asset protection provided by the SIPC is not against loses from fluctuations in the value of the securities , but rather only if the ' brokerage firm ceases doing business . Investments subject to market risk of fluctuations in value are as follows , Money Market Funds reported as cash & cash equivalents $ 194 , 466 ' Corporate bonds , priced securities , and common stock 523 , 829 $ 718 , 295 IThe Center had no significant concentrations of credit risk with respect to grants receivable due to the number of grantors comprising the grantor base . INOTE E - INVESTMENTS Purchased investments are reported at fair market value . Donated investments are I recorded at their fair market value on the date of donation . Investment interest, dividends , gains and losses on sales of securities and unrealized gains are reflected in the statement of activities as unrestricted revenue . The composition of investment loss included in the Statement of Activities is : Interest and dividends — unrestricted $ 36 , 916 Net realized and unrealized losses on investments ( 73 , 534 ) $ ( 36 , 618 ) IInvestments at June 30 , 2002 summarized as follows . Certificates of Deposit $ 132 , 035 I Equity and Mutual Funds 605 707 I $ 737 , 742 Page 10