2023 Statement of Financial Position

2023 Annual Report

Revenue

National Endowment for the Humanities

$1,035,526

State of Vermont

$330,500

Contributions and grants

$603,134

Program and other income

$84,999

Total Revenue

$2,054,159

Expenses

Programs and program management

$1,691,063

Core Mission and Infrastructure

$366,200

Development

$290,662

Total expenses

$2,347,925

Change in net assets from operations

-$293,766

Other changes

Non-operating investment return

$143,573

Total changes in net assets

-$150,193

Assets
Cash	$746,844
Other Current Assets	$721,442
Fixed assets	$204,779
Other assets	$ –
Long-term investment	$1,628,870
Total Assets	$3,301,935

Liabilities
Payroll expenses payable	$54,816
Grants payable	$-
Other payables	$57,461
Total liabilities	$112,277

Net assets
Undesignated	$1,133,701
Investment in plant, property and equipment	$204,779
Board-designated long-term investments	$1,233,592
With Donor Restrictions	$521,779
Total net assets	$3,093,851
Total liabilities and net assets	$3,301,935

Vermont Humanities*** August 6, 2024