Carpenter Foundation Financial Statements

Financial Statements

STATEMENT OF FINANCIAL POSITION
As of June 30

Assets 2021 2020
Cash           180,870            70,641
Investments    24,230,048    18,287,456
Prepaid Excise Taxes                    735              6,380
Deposit                3,780              3,780
Office Equipment, net                2,153              3,628
               Total Assets     24,417,586    18,371,885
Liabilities and Fund Balance
Grants Payable          224,650           229,300
Accrued Expenses               4,884                4,397
Excise Tax Payable             22,830               2,261
Deferred Excise Taxes             79,100            24,700
              Fund Balance    24,086,122       18,111,227
              Total Liabilities and Fund Balance     24,417,586     18,371,885

 

STATEMENT OF ACTIVITIES
Year ended June 30

Revenue 2021 2020
Interest and Dividends 691,051       1,114,586
Net Realized Gain 1,523,509      (529,966)
Other Income       308,730 77
               Total Revenue  2,523,290        584,697
Expenditures
Grants     737,491         750,656
Financial Management         19,280           19,738
Administrative Expenses      230,057         232,647
Federal Excise Tax         87,607           7,774
               Total Expenditures  1,074,435      1,010,815
Excess of Revenue Over Expenditures  1,448,855       (426,118)
Fund Balance Beginning of Year 18,111,227     19,179,473
Fund Balance End of Year 24,086,122      18,111,227


These condensed financial statements were derived from
reviewed (2020) and audited (2021) financial statements.