Financial Statements
|
STATEMENT OF
ACTIVITIES |
||||
|
Year Ended
September 30, 2022 |
2022 |
|||
|
Without Donor |
With Donor |
|||
|
|
Restrictions |
Restrictions |
Total |
|
|
SUPPORT AND
REVENUE |
||||
|
Grants and contracts |
$ 33,705,697 |
$ - |
$ 33,705,697 |
|
|
Fees for services |
12,154,649 |
- |
12,154,649 |
|
|
Other contract revenue |
2,157,701 |
2,157,701 |
||
|
Forgiveness of paycheck protection program loan |
1,072,000 |
1,072,000 |
||
|
Employee retention tax credit |
90,973 |
90,973 |
||
|
Contributions |
3,051 |
926,748 |
929,799 |
|
|
Investment income |
(2,079,790) |
- |
(2,079,790) |
|
|
Other |
284,121 |
- |
284,121 |
|
|
Net assets released from restrictions |
1,038,007 |
(1,038,007) |
- |
|
|
Total support and revenue |
$ 48,426,409 |
$ (111,259) |
$ 48,315,150 |
|
|
EXPENSES |
||||
|
Program services: |
||||
|
Field offices |
23,863,773 |
- |
23,863,773 |
|
|
Exchange programs |
14,568,373 |
- |
14,568,373 |
|
|
Other programs |
2,203,915 |
- |
2,203,915 |
|
|
Total program services |
40,636,061 |
- |
40,636,061 |
|
|
Supporting services: |
11,069,826 |
- |
11,069,826 |
|
|
Total expenses |
51,705,887 |
- |
51,705,887 |
|
|
CHANGE IN NET
ASSETS |
(3,279,481) |
(111,259) |
(3,390,740) |
|
|
NET ASSETS |
||||
|
Beginning |
14,061,750 |
1,891,895 |
15,953,645 |
|
|
Ending |
$ 10,782,269 |
$ 1,780,636 |
$ 12,562,905 |
|
|
STATEMENT
OF FINANCIAL POSITION |
||||
|
September 30, 2022 |
||||
|
ASSETS |
2022 |
|||
|
Cash and cash equivalents |
3,181,655 |
|||
|
Receivables, net |
8,094,433 |
|||
|
Promises to give, net |
15,000 |
|||
|
Prepaid expenses and other |
894,020 |
|||
|
Inventory, net |
618,752 |
|||
|
Investments |
15,179,295 |
|||
|
Property and equipment, net |
3,598,319 |
|||
|
Operating lease right of use assets |
11,386,280 |
|||
|
TOTAL ASSETS |
42,967,754 |
|||
|
|
|
|||
|
LIABILITIES AND NET ASSETS |
||||
|
LIABILITIES |
|
|||
|
Accounts Payable |
4,023,439 |
|||
|
Accrued expenses |
2,363,131 |
|||
|
Severance payable |
2,675,117 |
|||
|
Deferred revenue |
4,751,598 |
|||
|
Line of credit |
2,950,000 |
|||
|
Loans payable |
2,040,378 |
|||
|
Lease liability, net |
11,601,186 |
|||
|
Total liabilities |
30,404,849 |
|||
|
|
|
|||
|
NET ASSETS |
||||
|
Without donor restrictions |
10,782,269 |
|||
|
With donor restrictions |
1,780,636 |
|||
|
Total net assets |
12,562,905 |
|||
|
|
||||
|
TOTAL LIABILITIES AND NET ASSETS |
$ 42,967,754 |
|||
