Financial Reports, FY 2019
Statement of Financial Position - Year Ended June 30, 2019
| Assets | |
| 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.
