Consolidated Statements of Financial Position
Assets
| ASSETS | 2019 | 2018 |
|---|---|---|
| Cash and cash equivalents | $104,749 | $166,792 |
| Investments | $10,088,494 | $8,591,964 |
| Contributions and grants receivable | $5,617 | $11,332 |
| Notes and other receivables | $20,643 | $12,193 |
| Beneficial interest in charitable remainder trusts | $5,596 | $4,904 |
| Property and equipment, net | $33,542 | $34,710 |
| Intangible assets | $27,613 | $63,524 |
| Other assets | $747 | $775 |
| Total assets | $10,287,001 | $8,886,194 |
Liabilities and Net Assets
| Liabilities | 2019 | 2018 |
|---|---|---|
| Grants payable, net | $629,421 | $616,885 |
| Accounts payable and accrued liabilities | $5,695 | $6,542 |
| Liabilities to beneficiaries from split interest agreements | $18,324 | $18,740 |
| Deposits held for others | $124,437 | $118,390 |
| Total liabilities | $777,877 | $760,557 |
| Net Assets | ||
| (Without donor restrictions) Undesignated | $9,144,857 | $7,862,144 |
| (Without donor restrictions) Designated by the Board for endowment | $73,499 | $70,611 |
| Total | $9,218,356 | $7,932,755 |
| (With donor restrictions) Charitable remainder trusts and irrevocable plan gifts | $16,354 | $14,891 |
| (With donor restrictions) Special projects | $9,009 | $22,810 |
| (With donor restrictions) Endowment | $265,405 | $155,181 |
| Total | $290,768 | $192,882 |
| Total net assets | $9,509,124 | $8,125,637 |
| Total liabilities and net assets | $10,287,001 | $8,886,194 |
Revenues and Support
| Revenues & Support | 2019 | 2018 | ||
|---|---|---|---|---|
| Without Donor Restrictions | With Donor Restrictions | Total | Total | |
| Contributions | $1,340,309 | $16,614 | $1,356,923 | $1,909,410 |
| Investment income (loss), net | $1,407,996 | $121,937 | $1,529,933 | $(62,088) |
| Change in value of split interest agreements | $1,984 | $1,923 | $3,907 | $12,297 |
| Other income | $5,628 | - | $5,628 | $6,297 |
| Net assets released from restriction pursuant to endowment spending-rate distribution formula | $11,735 | ($11,735) | - | - |
| Net assets released from restrictions and reclassifications | $30,853 | ($30,853) | - | - |
| Total Revenues & Support | $2,798,505 | $97,886 | $2,896,391 | $1,865,916 |
| Expenses | ||||
| Grants awarded | $1,458,212 | - | $1,458,212 | $1,935,311 |
| Program | $33,794 | - | $33,794 | $41,126 |
| General and administrative | $15,996 | - | $15,996 | $16,751 |
| Fundraising and development | $4,902 | - | $4,902 | $4,375 |
| Total Expenses | $1,512,904 | - | $1,512,904 | $1,997,563 |
| Changes in Net Assets | $1,285,601 | $97,886 | $1,383,487 | ($131,647) |
| Net Assets beginning of year | $7,932,755 | $192,882 | $8,125,637 | $8,257,284 |
| Net Assets End of year | $9,218,356 | $290,768 | $9,509,124 | $8,125,637 |