Condensed Financial Statement
The Colorado Trail Foundation
For management purposes – unaudited
| YEAR ENDED | |||
|---|---|---|---|
| 12/31/2015 | 12/31/2016 | 12/31/2017 | |
| REVENUE | note below | ||
| CONTRIBUTIONS AND GRANTS | $258,017 | $479,047 | $376,502 |
| PROGRAM SERVICE REVENUE – CREWS, STORE, TREKS | $206,075 | $235,523 | $245,270 |
| GAIN ON CABIN SALE | – | $73,906 | – |
| INVESTMENT INCOME | $(3,048) | $61,792 | $86,853 |
| TOTAL REVENUE | $461,044 | $850,268 | $708,625 |
| EXPENSES | |||
| PROGRAM SERVICE EXPENSES | $393,274 | $470,457 | $485,449 |
| MANAGEMENT AND GENERAL EXPENSES | $14,213 | $7,242 | $9,905 |
| FUNDRAISING | $30,850 | $37,911 | $28,084 |
| TOTAL EXPENSES | $438,337 | $515,610 | $523,438 |
| CHANGE IN NET ASSETS | $22,707 | $334,658 | $185,187 |
| ASSETS | |||
| CURRENT ASSETS | $259,312 | $573,877 | $346,502 |
| INVESTMENTS | $802,368 | $886,421 | $885,584 |
| FIXED ASSETS (net of Accumulated Depreciation) | $120,452 | $71,453 | $492,454 |
| TOTAL ASSETS | $1,182,132 | $1,531,751 | $1,724,540 |
| LIABILITIES AND NET ASSETS | |||
| CURRENT LIABILITIES | $41,402 | $56,363 | $63,928 |
| NET ASSETS | $1,140,730 | $1,475,388 | $1,660,612 |
| TOTAL LIABILITIES AND NET ASSETS | $1,182,132 | $1,531,751 | $1,724,540 |
| PERCENTAGE OF TOTAL EXPENSES: | |||
| Management and General | 3.2% | 1.4% | 1.9% |
| Fundraising | 7.0% | 7.4% | 5.4% |
Note: The Change in Net Assets of $334,658 for 2016 should be viewed in light of three one-time, extraordinary events totaling $298,659: contributions and grants to fund the Field Operations Center, contributions to the Gudy Gaskill Endowment Fund in memory of Gudy, and the sale of the CTF cabin. Accordingly, the Change in Net Assets from Operations totaled $35,999.