Condensed Financial Statement
The Colorado Trail Foundation

For management purposes – unaudited

YEAR ENDED
12/31/2017 12/31/2018 12/31/2019
REVENUE
CONTRIBUTIONS AND GRANTS $376,502 $370,772 $398,360
PROGRAM SERVICE REVENUE – CREWS, STORE, TREKS 245,270 212,593 173,844
GAIN ON CABIN SALE
INVESTMENT INCOME 86,853 (24,791) 144,816
TOTAL REVENUE $708,625 $558,574 $717,020
EXPENSES
PROGRAM SERVICE EXPENSES 485,449 517,092 487,934
MANAGEMENT AND GENERAL EXPENSES 9,905 9,925 14,217
FUNDRAISING 28,084 17,692 26,818
TOTAL EXPENSES 523,438 544,709 528,969
CHANGE IN NET ASSETS $185,187 $13,865 $188,051
ASSETS
CURRENT ASSETS 346,502 320,129 326,910
INVESTMENTS 885,584 910,793 1,105,610
FIXED ASSETS (net of Accumulated Depreciation) 492,454 501,517 481,029
TOTAL ASSETS $1,724,540 $1,732,439 $1,913,549
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES 63,928 57,962 47,514
NET ASSETS 1,660,612 1,674,477 1,866,035
TOTAL LIABILITIES AND NET ASSETS $1,724,540 $1,732,439 $1,913,549
PERCENTAGE OF TOTAL EXPENSES:
Management and General 1.9% 1.8% 2.7%
Fundraising 5.4% 3.2% 5.1%