Condensed Financial Statement
The Colorado Trail Foundation

For management purposes – unaudited

YEAR ENDED
12/31/2016 12/31/2017 12/31/2018
REVENUE
CONTRIBUTIONS AND GRANTS $479,047 $376,502 $370,772
PROGRAM SERVICE REVENUE – CREWS, STORE, TREKS 235,523 245,270 212,593
GAIN ON CABIN SALE 73,906
INVESTMENT INCOME 61,792 86,853 (24,791)
TOTAL REVENUE $850,268 $708,625 $558,574
EXPENSES
PROGRAM SERVICE EXPENSES 470,457 485,449 517,092
MANAGEMENT AND GENERAL EXPENSES 7,242 9,905 9,925
FUNDRAISING 37,911 28,084 17,692
TOTAL EXPENSES 515,610 523,438 544,709
CHANGE IN NET ASSETS $334,658 $185,187 $13,865
ASSETS
CURRENT ASSETS 573,877 346,502 320,129
INVESTMENTS 886,421 885,584 910,793
FIXED ASSETS (net of Accumulated Depreciation) 71,453 492,454 501,517
TOTAL ASSETS $1,531,751 $1,724,540 $1,732,439
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES 56,363 63,928 57,962
NET ASSETS 1,475,388 1,660,612 1,674,477
TOTAL LIABILITIES AND NET ASSETS $1,531,751 $1,724,540 $1,732,439
PERCENTAGE OF TOTAL EXPENSES:
Management and General 1.4% 1.9% 1.8%
Fundraising 7.4% 5.4% 3.2%