2019 Financial Statement
Combined Statement of Activities for the Year Ended December 31, 2019.
Revenue & Expenses
REVENUES, GAINS & OTHER SUPPORT Without Donor Restrictions With Donor Restrictions FY2019 TOTAL FY2018 TOTAL
Direct mail contributions $47,376,275 - $47,376,275 $45,592,347
Individualand corporate contributionsandgrants 24,146,295 31,593,686 55,739,981 70,524,107
Federal grants 25,434,659 - 25,434,659 20,962,317
Non-federal grants 223,593 - 223,593 879,366
Accreditation fees 4,224,207 - 4,224,207 4,027,184
Royalty income 726,630 - 726,630 671,519
Appreciation in trust assets—net 6,490,809 - 6,490,809 311,084
Other investment income—net 246,535 - 246,535 (489,020)
Other income 2,098,294 - 2,098,294 3,612,133
Total revenues, gains and other support 110,967,297 31,593,686 142,560,983 146,091,037
NET ASSETS RELEASED FROM RESTRICTIONS Without Donor Restrictions With Donor Restrictions FY2019 TOTAL FY2018 TOTAL
Satisfaction of program restrictions 12,933,549 (12,933,549) - -
Expiration of time restrictions 14,044,811 (14,044,811) - -
Total revenues, gains, and other support and net assets released from restrictions 137,945,657 4,615,326 142,560,983 146,091,037
EXPENSES Without Donor Restrictions With Donor Restrictions FY2019 TOTAL FY2018 TOTAL
Program assistance 73,593,203 - 73,593,203 80,227,079
Public education and communications 32,481,306 - 32,481,306 30,093,477
Sports training and competitions 6,461,824 - 6,461,824 9,829,763
Fundraising 16,485,993 - 16,485,993 16,407,262
Management and general 4,166,319 - 4,166,319 4,251,115
Total expenses 133,188,645 - 133,188,645 140,808,696
Net assets (beginning of year) 52,913,894 32,389,281 85,303,175 80,020,834
Changes in net assets 4,757,012 4,615,326 9,372,338 5,282,341
Net assets (end of year) 57,670,906 37,004,607 94,675,513 85,303,175
Assets & Liabilities
Assets 2019 2018
Current Assets
Cash & cash equivalents $18,600,121 $16,485,236
Contributions & accounts receivable 14,886,704 18,644,940
Other current assets 2,914,510 2,619,056
Total current assets 36,401,335 37,749,232
NON-CURRENT ASSETS
Investments 58,207,614 51,813,442
Long-term contributions receivable—net 9,649,025 9,068,877
Fixed assets—net 5,284,550 4,438,174
Other assets 863,670 787,893
Total non-current assets 74,004,859 66,108,386
TOTAL $110,406,194 $103,857,618
Liabilities & Net Assets 2019 2018
Current Liabilities
Accounts payable & accrued liabilities $8,878,488 $11,228,490
Grants & awards payable 4,242,824 3,966,253
Deferred liabilities 2,609,369 3,089,417
Total current liabilities 15,730,681 18,284,160
Non-Current Liabilities
Long-term deferred rent - 270,283
Total liabilities 15,730,681 18,554,443
Net Assets
Without Donor Restrictions 57,670,906 52,913,894
With Donor Restrictions 37,004,607 32,389,281
Total net assets 94,675,513 85,303,175
TOTAL $110,406,194 $103,857,618