2022 Financials
2022 STATEMENT OF FINANCIAL POSITION |
||
|---|---|---|
| For The Years Ended Dec. 31, | ||
| 2022 | 2021 | |
| ASSETS | ||
| Cash | $100,632 | $654,489 |
| Prepaid expenses and other current assets | $47,928 | $42,104 |
| Investment liquidation withdrawal receivable | -- | -- |
| Investments - at fair value | $98,361,637 | $117,814,169 |
| Loan receivable | $0 | $0 |
| Furniture and equipment* | $1,186 | $2,284 |
| Total Assets | $98,906,397 | $118,513,046 |
| LIABILITIES AND UNRESTRICTED NET ASSETS | ||
| Liabilities | ||
| Grants payable | $2,233,150 | $1,518,781 |
| Accounts payable and accrued liabilities | $53,325 | $51,338 |
| Operating lease liability | $397,903 | -- |
| Total Liabilities | $2,684,378 | $1,570,119 |
| Unrestricted Net Assets | ||
| Designated for grants | $43,455 | $271,564 |
| Designated for challenge endowment escrow | $8,619,349 | $8,240,623 |
| Designated for endowment | $87,503,466 | $108,367,070 |
| Undesignated (Send Me St. Louis) | $55,749 | $63,670 |
| Total Unrestricted Net Assets | $96,222,019 | $116,942,927 |
| Total Liabilities And Unrestricted Net Assets | $98,906,397 | $118,513,046 |
*net of accumulated depreciation of $142,014 in 2021 and $137,269 in 2020
2022 STATEMENT OF ACTIVITIES |
||
|---|---|---|
| For The Years Ended Dec. 31, | ||
| 2022 | 2021 | |
| CHANGES IN UNRESTRICTED NET ASSETS | ||
| Revenue and Support | ||
| Interest and dividends, net | $3,309,735 | $2,090,273 |
| Realized and unrealized gains on investments, net | ($18,324,880) | $10,845,977 |
| Other | $249 | $2,184 |
| Total Revenue And Support | ($15,014,896) | $12,938,434 |
| Expenses | ||
| Grants | $4,507,451 | $3,874,707 |
| Program Services | $879,943 | $816,441 |
| Administration | $318,618 | $312,721 |
| Total Expenses | $5,706,012 | $5,003,869 |
| Increase In Unrestricted Net Assets | ($20,720,908) | $7,934,565 |
| Unrestricted Net Assets - Beginning Of Year | $116,942,927 | $109,008,362 |
| Unrestricted Net Assets - End Of Year | $96,222,019 | $116,942,927 |
A full copy of the Foundation's audit can be viewed at the Foundation office.