Financials

2021 Financials

2021 STATEMENT OF FINANCIAL POSITION
For The Years Ended Dec. 31,
20212020
ASSETS
     Cash$654,489$1,876,029
     Prepaid expenses and other current assets$42,104$39,952
     Investment liquidation withdrawal receivable ----
     Investments - at fair value$117,814,169$107,641,885
     Loan receivable$0$50,000
     Furniture and equipment*$2,284$7,029
Total Assets$118,513,046$109,614,895
LIABILITIES AND UNRESTRICTED NET ASSETS
Liabilities
     Grants payable$1,518,781$543,367
     Accounts payable and accrued liabilities$51,338$63,166
Total Liabilities $1,570,119$606,533
Unrestricted Net Assets
     Designated for grants$271,564$333,555
     Designated for challenge endowment escrow$8,240,623$7,610,238
     Designated for endowment$108,367,070$100,998,070
     Undesignated (Send Me St. Louis)$63,670$66,499
Total Unrestricted Net Assets$116,942,927$109,008,362
Total Liabilities And Unrestricted Net Assets$118,513,046$109,614,895

*net of accumulated depreciation of $142,014 in 2021 and $137,269 in 2020

2021 STATEMENT OF ACTIVITIES
For The Years Ended Dec. 31,
20212020
CHANGES IN UNRESTRICTED NET ASSETS
Revenue and Support
     Interest and dividends, net$2,090,273$1,478,736
     Realized and unrealized gains on investments, net$10,845,977$5,894,344
     Other$2,184$4,564
Total Revenue And Support$12,938,434$7,377,644
Expenses
     Grants$3,874,707$4,037,013
     Program Services$816,441$890,331
     Administration$312,721$317,899
Total Expenses$5,003,869$5,245,243
Increase In Unrestricted Net Assets$7,934,565$2,132,401
Unrestricted Net Assets - Beginning Of Year$109,008,362$106,875,961
Unrestricted Net Assets - End Of Year$116,942,927$109,008,362

A full copy of the Foundation's audit can be viewed at the Foundation office.