Carpenter Foundation Financial Statements

Financial Statements

STATEMENT OF FINANCIAL POSITION
As of June 30

Assets 2019 2018
Cash 225,666 18,082
Investments 19,165,785 19,320,900
Deposit 3,780 3,715
Office equipment, net 5,479 5,048
               Total Assets 19,400,710 19,347,745
Liabilities and Fund Balance
Grants payable 192,650 215,500
Accrued Expenses 4,193 3,946
Excise tax payable 194 868
Deferred excise tax 24,200 23,200
              Fund balance 19,179,473 19,104,231
               Total Liabilities and Fund Balance 19,400,710 19,347,745

 

STATEMENT OF ACTIVITIES
Years ended June 30

Revenue 2019 2018
Interest and dividends 678,786 633,416
Net realized & unrealized 309,618 (18,818)
Other income 78 78
               Total Revenue 988,482 614,676
Expenditures
Grants 747,232 774,527
Financial management 19,379 14,674
Administrative expenses 231,108 231,062
Federal excise tax 11,631 21,397
               Total Expenditures 1,009,350 1,041,660
Excess of revenue over expenditures (20,868) (426,984)
Fund balance beginning of year 19,104,231 18,793,021
Fund balance end of year 19,179,473 19,104,231


The condensed financial statements were derived from
reviewed (2018) and audited (2019) financial statements.

Download the .pdf version of the 2017-2018 Carpenter Foundation annual report