Family Promise Metrowest 2020 Annual Report
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OUR FINANCIALS<br />
STATEMENT OF FINANCIAL POSITION 12/31/<strong>2020</strong> 12/31/2019<br />
ASSETS<br />
LIABILITIES<br />
NET ASSETS<br />
Cash $880,968 $362,688<br />
Other current assets $98,314 $87,795<br />
Property and equipment, net $1,366,310 $1,399,760<br />
Total other assets $3,306 $4,906<br />
TOTAL ASSETS $2,348,898 $1,855,149<br />
Current liabilities $72,801 $42,485<br />
TOTAL LIABILITIES $72,801 $42,485<br />
Net assets without donor restrictions $2,199,043 $1,721,180<br />
Net assets with donor restrictions $77,054 $91,484<br />
TOTAL NET ASSETS $2,276,097 $1,812,664<br />
TOTAL LIABILITIES AND NET ASSETS $2,348,898 $1,855,149<br />
STATEMENT OF ACTIVITIES 12/31/<strong>2020</strong> 12/31/2019<br />
SUPPORT AND REVENUE<br />
Gifts, grants, and contributions $960,849 $635,662<br />
Fundraising events $445,571 $313,877<br />
Donated goods and services $56,861 $23,794<br />
Interest income $474 $983<br />
Miscellaneous income $2,800 $22,683<br />
TOTAL SUPPORT AND REVENUE $1,466,555 $996,999<br />
EXPENSES<br />
Program Services $660,004 $499,068<br />
Management and General $166,744 $145,119<br />
Fundraising and Community Outreach $176,374 $131,356<br />
TOTAL EXPENSES $1,003,122 $775,543<br />
CHANGE IN NET ASSETS<br />
Changes in net assets without donor restrictions $477,863 $478,596<br />
Changes in net assets with donor restrictions $(14,430) $(257,140)<br />
TOTAL CHANGE IN NET ASSETS $463,433 $221,456<br />
14 <strong>Family</strong> <strong>Promise</strong> <strong>Metrowest</strong>
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