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Amigos Bravos 2020 Annual Report

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Financial <strong>Report</strong><br />

FISCAL YEAR <strong>2020</strong> (OCTOBER 1, 2019<br />

TO SEPTEMBER 30, <strong>2020</strong>)<br />

<strong>Amigos</strong> <strong>Bravos</strong> is protecting its long-term financial viability<br />

by building its capital reserve fund, implementing a planned<br />

giving campaign, and growing endowment funds for <strong>Amigos</strong><br />

<strong>Bravos</strong> housed at the New Mexico Community Foundation<br />

and the Taos Community Foundation.<br />

Foundations<br />

Government<br />

Contracts<br />

Membership/<br />

Contributions<br />

Program<br />

Services<br />

Events<br />

Other<br />

REVENUE:<br />

Foundations..........................................431,848<br />

Government Contracts.......................103,950<br />

Membership / Contributions............ 138,508<br />

Program Services.................................. 30,505<br />

Events................................................................ 0<br />

Other....................................................... 14,525<br />

Total: 719,336<br />

FISCAL YEAR <strong>2020</strong> (OCTOBER 1, 2019<br />

TO SEPTEMBER 30, <strong>2020</strong>)<br />

<strong>Amigos</strong> <strong>Bravos</strong> ended its fiscal year with a modest<br />

decrease in net assets.<br />

24 |<br />

Programs<br />

General<br />

Admin.<br />

Membership<br />

Outreach & Ed.<br />

Events<br />

& Sales<br />

Development<br />

EXPENSES:<br />

Programs...............................................580,376<br />

General & Administrative.....................70,932<br />

Membership Outreach & Ed................22,818<br />

Events and Sales........................................ 160<br />

Development.........................................46,500<br />

Total: 720,786<br />

Net Excess or (1,450)

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