Financial Report

Total Assets

Assets (as of June 30) 2019 2018
Cash and cash equivalents $5,074,487 $3,145,357
Contributions receivable — net of allowance for uncollectible pledges of
$0 at June 30, 2019 and $2,500 at June 30, 2018
$7,125,905 $3,182,858
Accrued interest receivable $76,113 $73,441
Investments $26,970,701 $24,792,144
Total Assets $39,247,206 $31,193,800

Liabilities and Net Assets (as of June 30)

Liabilities 2019 2018
Scholarships payable $686,791 $680,819
Accounts payable $797,239 $753,903
Grants payable $72,956 $60,187
Total liabilities $1,556,986 $1,494,909

 

Net Assets 2019 2018
Without donor restrictions $6,989,841 $3,970,277
With donor restrictions $30,700,378 $25,728,614
Total net assets $37,690,219 $29,698,891
Total liabilities and net assets $39,247,206 $31,193,800