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% |