Financial Report

Annual Report

Financial Report 2019-20

    6/30/2020   6/30/2019
FINANCIAL POSITION
Assets $2,574,545 $2,718,349
Liabilities  $394,337  $94,751
Fund Balance (without donor restrictions) $1,427,244 $1,172,810
Fund Balance (with donor restrictions2) $1,147,301 $1,545,539
Total Liabilities & Fund Balance  $2,968,882  $2,813,100
SUPPORT
Grants and Contributions $2,819,440 $3,695,375
In-Kind Contributions3 $936,263 $1,410,684
Total Support $3,755,703 $5,106,059
REVENUES
School Fees       $373,700  $300,500
Program Service Fees         $17,618 $113,267
Interest Income  $4,035  $4,506
Rental Income  $34,118  $24,865
Total Revenues $429,471 $443,137
Total Support & Revenues $4,185,174 $5,549,196
EXPENSES
Program Services4 $3,381,185 $4,228,474
General Operations  $278,050 $263,127
Fundraising  $669,743 $1,034,391
Total Expenses  $4,328,978 $5,252,992 
Fund Balance: Beginning of Period $2,718,349 $2,695,145
Fund Balance: End of Period $2,574,545 $2,718,349
Change in Fund Balance  $(143,804) $23,204 

1 Financial activities as a result of the Dreams to Futures Campaign for program expansion are included in this report.
2 Donor Restricted gifts are primarily gifts made to the Dreams to Futures Campaign.
3 In-Kind Contributions include generous donations of: theater tickets, program supplies, printed materials, facility usage, and more. See page 22 for a list of donors
4 Program-specific expenses as reported in the 990 for 2020 are as follows: Curriculum $1,655,094, Arts $1,090,816, Expeditions $289,598, and Certificates $302,335


Please click on the links in the left menu for details from our report.