Financials: Fiscal Year Ending March 31, 2020
Sources and Uses of Funds for Operations
| Revenues |
Amount |
% of Total |
| Education Services |
$2,326,439 |
49% |
| Charitable Support |
$729,962 |
15% |
| Contract Revenue |
$1,040,374 |
22% |
| Support from Endowment |
$234,672 |
5% |
| Sales of Publications |
$281,903 |
6% |
| Gain on Investments |
($4,991) |
0% |
| Released from restriction |
$140,472 |
3% |
| Interest & Other Income |
$2,146 |
0% |
| Total Operating Revenue |
$4,750,977 |
|
| Expenses |
| Braille Production |
$2,073,034 |
|
| Program Services & Support |
$1,009,248 |
|
| Administration & Interest Expense |
$703,143 |
|
| Fund Raising |
$402,817 |
|
| Center for Braille Innovation |
$102,630 |
|
| Building |
$156,244 |
|
| Public Awareness & Education |
$36,339 |
|
| Total Operating Expenses |
$4,483,455 |
|
| |
Change in Net Assets |
$267,522 |
|
| Endowment Fund Activity |
|
|
| Bequests |
$6,407 |
|
| Net realized/unrealized gain on investments |
($234,672) |
|
| Dividend & Interest Income |
$120,115 |
|
| Transfers to the General Fund |
($234,659) |
|
| Management Fees |
($51,091) |
|
| Growth (Reduction) in Endowment Fund |
($393,900) |
|
Statement of Financial Position
| Balances |
Mar 31, 2020 |
Mar 31, 2019 |
| Unrestricted General Fund |
$1,918,270 |
$1,585,355 |
| Temporarily Restricted Fund |
$196,450 |
$272,337 |
| Endowment Fund |
$4,749,952 |
$5,143,852 |
| Plant Fund |
$719,499 |
$784,892 |
Total Funds |
$7,584,171 |
$7,786,436 |
| Total Liabilities |
$244,594 |
$346,116 |
| Total Assets |
$7,828,765 |
$8,132,552 |
| Source of Charitable Support |
|
|
| Events (net of expenses) |
$213,924 |
|
| Contributions restricted |
($64,585) |
|
| Gain on Gift Annuities |
$76 |
|
| In-kind |
$12,510 |
|
| Foundations & Corporations† |
$263,611 |
|
| Other Individuals |
$304,426 |
|
| Total |
$729,962 |
|
This page is derived from the full audited financial statement which is available below.
