Financial Report

Annual Report

Financial Report 2018-19

    6/30/2019   6/30/2018
FINANCIAL POSITION
Assets $2,783,100 $2,743,096
Liabilities  $94,751 $47,951
Fund Balance (without donor restrictions) $1,172,810  $1,946,434
Fund Balance (with donor restrictions2) $1,545,539 $748,711
Total Liabilities & Fund Balance  $2,813,100  $2,743,0961
SUPPORT
Grants and Contributions $,3,695,375 $2,578,442
In-Kind Contributions3 $1,410,684 $914,108
Total Support $5,106,059 $3,492,550
REVENUES
School Fees       $300,500  $295,700
Program Service Fees         $13,267 $90,905
Interest Income  $4,506  $4,863
Rental Income  $24,865  $3,000
Total Revenues $443,137 $394,468
EXPENSES
Program Services $4,228,474 $2,903,570
General Operations  $263,127 $293,901
Fundraising  $1,034,391 $606,338
Total Expenses  $5,252,992 $3,803,809 
Fund Balance: Beginning of Period $2,695,145 $2,611,936 
Fund Balance: End of Period $2,718,349 $2,695,145
Change in Fund Balance  $23,204 $83,209

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 12 for a list of donors.


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