2019 Annual Report

2019 Statement of Financial Position

Revenue and Expenses

Revenue 
National Endowment for the Humanities $          767,700
State of Vermont $          217,959
Contributions and grants $          334,965
 Program and other income $          173,650
Total Revenue $       1,494,274
  
Expenses 
Programs and program management $      1,150,015
General and administration $          259,611
Development $          140,649
Total expenses $      1,550,275
  
Other changes 
Change in net assets from operations $          (56,001)
Non-operating investment return $          138,167
Total changes in net assets $            82,166

Statement of Financial Position

Assets 
Cash $          344,862
Other Current Assets $          453,414
Fixed assets $          246,839
Other assets $          241,456
Long-term investment $      1,207,779
Total Assets $      2,494,350
  
Liabilities 
Payroll expenses payable $            43,289
Grants payable $                     –
Other payables $            87,983
Total liabilities $          131,272
  
Net assets 
Undesignated $          568,492
Investment in plant, property and equipment $          246,839
Board-designated long-term investments $      1,143,184
Temporarily restricted $          155,536
Permanently restricted $          249,027
Total net assets $      2,363,078
Total liabilities and net assets $      2,494,350