Carpenter Foundation Financial Statements

Financial Statements

STATEMENT OF FINANCIAL POSITION
As of June 30

Assets 2020 2019
Cash            70,641         225,666
Investments    18,287,456    19,165,785
Prepaid Excise Taxes             6,380
Deposit             3,780             3,780
Office Equipment, net             3,628              5,479
               Total Assets 18,371,885 19,400,710
Liabilities and Fund Balance
Grants Payable        229,300         192,650
Accrued Expenses             4,397              4,193
Excise Tax Payable              2,261                 194
Deferred Excise Taxes           24,700           24,200
              Fund Balance    18,111,227    19,179,473
              Total Liabilities and Fund Balance   18,371,885   19,400,710

 

STATEMENT OF ACTIVITIES
Year ended June 30

Revenue 2020 2019
Interest and Dividends   1,114,586          678,786
Net Realized Gain  (529,966)         309,618
Other Income                  77                     78
               Total Revenue      584,697         988,482
Expenditures
Grants      750,656          747,232
Financial Management         19,738             19,379
Administrative Expenses      232,647          231,108
Federal Excise Tax           7,774               11,631
               Total Expenditures  1,010,815       1,009,350
Excess of Revenue Over Expenditures   (426,118)         (20,868)
Fund Balance Beginning of Year 19,179,473      19,104,231
Fund Balance End of Year 18,111,227      19,179,473


These condensed financial statements were derived from
audited (2019) and reviewed (2020) financial statements.