2023 Financials
2023 STATEMENT OF FINANCIAL POSITION |
||
|---|---|---|
| For The Years Ended Dec. 31, | ||
| 2023 | 2022 | |
| ASSETS | ||
| Cash | $200,616 | $100,632 |
| Prepaid expenses and other current assets | $38,572 | $47,928 |
| Investment liquidation withdrawal receivable | -- | -- |
| Investments - at fair value | $103,282,473 | $98,361,637 |
| Loan receivable | $0 | $0 |
| Furniture and equipment* | $1,682 | $1,186 |
| Total Assets | $103,850,026 | $98,906,397 |
| LIABILITIES AND UNRESTRICTED NET ASSETS | ||
| Liabilities | ||
| Grants payable | $5,844,881 | $2,233,150 |
| Accounts payable and accrued liabilities | $53,685 | $53,325 |
| Operating lease liability | $331,624 | $397,903 |
| Total Liabilities | $6,230,190 | $2,684,378 |
| Unrestricted Net Assets | ||
| Designated for grants | $437,909 | $43,455 |
| Designated for challenge endowment escrow | $3,843,081 | $8,619,349 |
| Designated for endowment | $93,310,257 | $87,503,466 |
| Undesignated (Send Me St. Louis) | $28,589 | $55,749 |
| Total Unrestricted Net Assets | $97,619,836 | $96,222,019 |
| Total Liabilities And Unrestricted Net Assets | $103,850,026 | $98,906,397 |
*net of accumulated depreciation of $142,014 in 2021 and $137,269 in 2020
2023 STATEMENT OF ACTIVITIES |
||
|---|---|---|
| For The Years Ended Dec. 31, | ||
| 2023 | 2022 | |
| CHANGES IN UNRESTRICTED NET ASSETS | ||
| Revenue and Support | ||
| Interest and dividends, net | $2,321,181 | $3,309,735 |
| Realized and unrealized gains on investments, net | $8,680,179 | ($18,324,880) |
| Other | $251 | $249 |
| Total Revenue And Support | $11,001,611 | ($15,014,896) |
| Expenses | ||
| Grants | $8,206,570 | $4,507,451 |
| Program Services | $995,452 | $879,943 |
| Administration | $401,772 | $318,618 |
| Total Expenses | $9,603,794 | $5,706,012 |
| Increase In Unrestricted Net Assets | $1,397,817 | ($20,720,908) |
| Unrestricted Net Assets - Beginning Of Year | $96,222,019 | $116,942,927 |
| Unrestricted Net Assets - End Of Year | $97,619,836 | $96,222,019 |
A full copy of the Foundation's audit can be viewed at the Foundation office.