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% |