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Phone: 612-874-7710
Fax: 612-377-3540
E-mail: info@projectsuccess.org

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Hours: Mon - Fri, 9am - 5pm

One Groveland Terrace, Suite 300
Minneapolis, MN 55403

Annual Report

Financial Report 2015-16

    6/30/2017   6/30/2016
FINANCIAL POSITION        
Assets $2,643,261 $1,577,989
     
Liabilities $31,325 $59,026
Fund Balance Unrestricted $1,320,510 $759,920
Fund Balance Temporarily Restricted $1,291,426 $759,043
Total Liabilities and Fund Balance $2,643,261 $1,577,989
     
     
REVENUES    
Foundation $1,104,627 $524,439
Corporate $392,419 $300,284
Government Revenue $24,800 $6,268
Individuals $1,512,780 $700,264
Program Service Fees $72,805 $130,741
Schools         $372,750 $608,750
Interest Income $2,943 $96
In-Kind Contributions $938,408 $1,105,470
Total Revenue $4,421,532 $3,376,108
     
EXPENSES    
General Operations $272,903 $313,127
Program Services $2,571,712  $2,572,017 
Fundraising $483,944 $452,526
Total Expenses $3,315,895 $3,028,034
     
     
Fund Balance: Beginning of Period $1,518,963 $1,458,750
Fund Balance: End of Period $2,611,936 $1,518,963
Change in Fund Balance $1,092,973 $60,213

1. Large growth in assets is due to the launch of a major fundraising initiative to grow and expand programming.
2. 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.


Revenue and Other Support


Expenses


Please click on the links in the left menu for details from our report. You can also download the report by clicking the button below. 

Annual Report 2016-17