Financials: Fiscal Year Ending March 31, 2017
Sources and Uses of Funds for Operations
| Revenues |
Amount |
% of Total |
| Education Services |
$1,811,236 |
44% |
| Charitable Support |
$867,485 |
21% |
| Contract Revenue |
$996,734 |
24% |
| Support from Endowment |
$217,927 |
5% |
| Sales of Publications |
$194,354 |
5% |
| Gain on Investments |
$7,668 |
0% |
| Interest & Other Income |
$2,485 |
0% |
| Total Operating Revenue |
$4,097,889 |
|
| Expenses |
| Braille Production |
$1,962,288 |
48% |
| Program Services & Support |
$775,556 |
19% |
| Administration & Interest Expense |
$584,517 |
14% |
| Fund Raising |
$408,645 |
10% |
| Center for Braille Innovation |
$136,240 |
3% |
| Building |
$134,582 |
3% |
| Public Awareness & Education |
$49,914 |
1% |
| Total Operating Expenses |
$4,051,742 |
|
| |
Change in Net Assets |
$46,147 |
|
| Endowment Fund Activity |
|
|
| Bequests |
$8,599 |
|
| Net realized/unrealized gain on investments |
$406,096 |
|
| Dividend & Interest Income |
$90,014 |
|
| Transfers to the General Fund |
($217,927) |
|
| Management Fees |
($43,553) |
|
| Growth (Reduction) in Endowment Fund |
$243,229 |
|
Statement of Financial Position
| Balances |
Mar 31, 2017 |
Mar 31, 2016 |
| Unrestricted General Fund |
$416,935 |
$236,787 |
| Temporarily Restricted Fund |
$206,949 |
$300,370 |
| Endowment Fund |
$4,667,810 |
$4,424,581 |
| Plant Fund |
$818,072 |
$952,073 |
Total Funds |
$6,109,766 |
$5,913,811 |
| Total Liabilities |
$758,348 |
$725,298 |
| Total Assets |
$6,868,114 |
$6,639,109 |
| Source of Charitable Support |
|
|
| Events (net of expenses) |
$134,665 |
|
| Net Assets released (net) |
$93,421 |
|
| Gain on Gift Annuities |
$144 |
|
| Foundations & Corporations† |
$344,189 |
|
| Other Individuals |
$114,188 |
|
| Donated Books & Other In-kind |
$28,299 |
|
| Braille Readers & Customers |
$121,925 |
|
| Trustees |
$30,654 |
|
| Total |
$867,485 |
|
This page is derived from the full audited financial statement which is available below.
