Financial Reports, FY 2019

Statement of Financial Position - Year Ended June 30, 2019

Assets

Cash and investments

$88,807,650

Property, fixed assets and other assets

$3,173,637

Debt proceeds receivable

$9,949,000

Total assets

$101,930,287

Liabilities and Net Assets

Accounts payable and accrued expenses

$792,214

Grants payable

$2,940,426

Long-term debt

$9,899,790

Total liabilities

$13,632,430

Net assets without donor restrictions

$88,297,857

Total net assets

$88,297,857

Total liabilities and net assets

$101,930,287

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.