Statement of Net Position

As of March 31, 2021 and 2020

ASSETS

2021

2020

Cash and Cash Equivalents

$1,936,354

$1,770,781

Remainder Interest in Trusts and Estates

800,000

-

Other Assets

37,649

28,383

Due From SPC

6,338,905

6,342,725

Investments

59,826,599

87,718,125

Total Assets

$67,968,488

$96,831,033

 

LIABILITIES AND NET POSITION

Liabilities

27,000

-

Total Liabilities

$27,000

-

 

NET POSITION

 

 

Unrestricted

$4,491,879

$4,164,697

 

 

 

Restricted

 

 

Nonexpendable

32,111,406

31,489,972

Expendable

60,190,748

32,313,819

Total Net Position

$96,794,033

$67,968,488

Total Liabilities and Net Position

$96,821,033

$67,968,488

 

 

 

Statement of Revenues, Expenses and Change in Net Position

For the years ending March 31, 2021 and 2020

SUPPORT AND REVENUE

2021

2020

Contributions

$5,146,397

$4,511,474

Net Unrealized & Realized Gains(Losses) on Investments

29,090,850

(7,896,021)

Interest and Dividends

183,245

781,356

Other Revenues

-

13,869

Total Support & Revenue

$34,420,492

$(2,589,322)

 

EXPENSES

Scholarships

$2,643,618

$2,174,592

Grants to St. Petersburg College

1,522,338

1,337,999

Total Program Expenses

$4,165,956

$3,512,591

 

 

 

Administrative and Fundraising Expenses

 

 

Administrative Expenses

$637,813

$433,906

Fundraising Expenses

791,178

428,204

Total Administrative & Fundraising Expenses

$1,428,991

$862,110

Total Expenses

$5,594,947

$4,374,701

Change in Net Position

$28,825,545

$(6,694,023)

 

NET POSITION

 

 

NET POSITION, beginning of year

$67,968,488

$74,932,511

NET POSITION, end of year

$96,794,033

$67,968,488