2020 Annual Report

Responding to a tumultuous year

2020 Statement of Financial Position

Revenue and Expenses

Revenue 
National Endowment for the Humanities $1,044,917
State of Vermont $259,627
Contributions and grants $488,574
 Program and other income $80,029
Total Revenue $1,873,147
  
Expenses 
Programs and program management $1,146,084
General and administration $283,615
Development $141,619
Total expenses $1,571,318
  
Change in net assets from operations $301,829
  
Other changes 
COVID-19 Relief $145,900
Non-operating investment return $133,978
Total changes in net assets $581,707

Statement of Financial Position

Assets 
Cash $1,198,598
Other Current Assets $35,714
Fixed assets $220,546
Other assets $255,581
Long-term investment $1,338,962
Total Assets $3,049,401
  
Liabilities 
Payroll expenses payable $60,394
Grants payable $-
Other payables $44,222
Total liabilities $104,616
  
Net assets 
Undesignated $946,096
Investment in plant, property and equipment $220,546
Board-designated long-term investments $1,252,038
With Donor Restrictions $526,105
Total net assets $2,944,785
Total liabilities and net assets $3,049,401