Foundation Statement of Financial Position

Total Assets

Assets June 30, 2018 June 30, 2017
Cash and cash equivalents $3,145,357 $2,636,809
Contributions receivable — net of allowance for uncollectible pledges of
$2,500 at June 30, 2018 and $3,500 at June 30, 2017
$3,182,858 $760,173
Accrued interest receivable $73,441 $66,472
Investments $ 24,792,144 $ 23,594,199
Land, building, and equipment, net of accumulated depreciation
Total Assets $ 31,193,800 $ 27,057,653

 

Liabilities and Net Assets

Liabilities June 30, 2018 June 30, 2017
Scholarships payable $680,819 $207,160
Accounts payable $753,903 $24,088
Grants payable $60,187 $35,557
Investments $24,792,144 $23,594,199
Total liabilities $1,494,909 $266,805

 

Net Assets June 30, 2018 June 30, 2017
Unrestricted $3,970,277 $3,883,755
Temporarily restricted $19,161,626 $16,360,115
Permanently restricted $6,566,988 $6,546,978
Total net assets $29,698,891 $26,790,848
Total liabilities and net assets $31,193,800 $27,057,653