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.