Financials

2020 Financials

2020 STATEMENT OF FINANCIAL POSITION

For The Years Ended Dec. 31,
20202019
ASSETS
     Cash$1,876,029$376,027
     Prepaid expenses and other current assets$39,952$37,851
     Investment liquidation withdrawal receivable ----
     Investments - at fair value$107,641,885$108,064,799
     Loan receivable$50,000$150,000
     Furniture and equipment*$7,029$9,925
Total Assets$109,614,895$108,638,870
LIABILITIES AND UNRESTRICTED NET ASSETS
Liabilities
     Grants payable$543,367$1,709,980
     Accounts payable and accrued liabilities$63,166$52,929
Total Liabilities $606,533$1,762,909
Unrestricted Net Assets
     Designated for grants$333,555$230,340
     Designated for challenge endowment escrow$7,610,238$7,078,520
     Designated for endowment$100,998,070$99,499,091
     Undesignated (Send Me St. Louis)$66,499$68,010
Total Unrestricted Net Assets$109,008,362$106,875,961
Total Liabilities And Unrestricted Net Assets$109,614,895$108,638,870

*net of accumulated depreciation of $137,269 in 2020 and $130,770 in 2019

2020 STATEMENT OF ACTIVITIES

For The Years Ended Dec. 31,
20202019
CHANGES IN UNRESTRICTED NET ASSETS
Revenue and Support
     Interest and dividends, net$1,478,736$1,761,807
     Realized and unrealized gains on investments, net$5,894,344$12,820,878
     Other$4,564$8,991
Total Revenue And Support$7,377,644$14,591,676
Expenses
     Grants$4,037,013$3,556,942
     Program Services$890,331$819,396
     Administration$317,899$330,440
Total Expenses$5,245,243$4,706,778
Increase In Unrestricted Net Assets$2,132,401$9,884,898
Unrestricted Net Assets - Beginning Of Year$106,875,961$96,991,063
Unrestricted Net Assets - End Of Year$109,008,362$106,875,961

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