2019 Annual ReportFinancial Reports, FY 2019

Financial Reports, FY 2019

Financial Reports, FY 2019

Statement of Financial Position - Year Ended June 30, 2019

Cash and investments
Property, fixed assets and other assets
Debt proceeds receivable$9,949,000
Total assets
Liabilities and Net Assets 
Accounts payable and accrued expenses
Grants payable
Long-term debt$9,899,790
Total liabilities
Net assets without donor restrictions
Total net assets
Total liabilities and net assets

Statement of Activities and Change in Net Assets - Year Ended June 30, 2019

Support and Revenue 
Investment income, net of expenses$3,978,046
Total income$3,978,046

Grants and Expenses
Grant awards$2,629,014
Grant awards (refunds/adjustments)($39,851)
Special initiatives$882,866
Program and general administrative expenses$840,458
Write-off property and equipment$872,858
Total grants and expenses$5,185,345
Change in net assets without donor restrictions  ($1,207,299)
Net assets without donor restrictions, beginning of fiscal year$89,505,156
Net assets without donor restrictions, end of fiscal year$88,297,857

The above amounts are from the Foundation's fiscal year 2019 audited financial statements.
A copy of the Foundation's audited financial statements is available upon request.