Carpenter Foundation Financial Statements

Financial Statements

STATEMENT OF FINANCIAL POSITION
As of June 30

Assets 2018 2017
Cash 18,082 39,425
Investments 19,320,900 18,869,738
Excise tax receivable 0 11,209
Deposit 3,715 3,636
Office equipment, net 5,048 6,595
               Total Assets 19,347,745 18,930,603
Liabilities and Fund Balance
Grants payable 215,500 117,500
Accrued Expenses 3,946 4,182
Excise tax payable 868 0
Deferred excise tax 23,200 15,900
Fund balance 19,104,231 18,793,021
               Total Liabilities and Fund Balance 19,347,745 18,930,603

STATEMENT OF ACTIVITIES
Years ended June 30

Revenue 2018 2017
Interest and dividends 633,416 453,603
Net realized & unrealized (18,818) 318,338
Other income 78 74
               Total Revenue 614,676 772,015
Expenditures
Grants 774,527 751,278
Financial management 14,674 18,369
Administrative expenses 231,062 225,421
Federal excise tax 21,397 26,832
               Total Expenditures 1,041,660 1,021,900
Excess of revenue over expenditures (426,984) (249,885)
Fund balance beginning of year 18,793,021 17,158,465
Fund balance end of year 19,104,231 18,793,021

The condensed financial statements were derived from
audited (2017) and reviewed (2018) financial statements.

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