2020 Statement of Financial Position

2020 Annual Report

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

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

Vermont Humanities*** August 26, 2021