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