Page 27 - 2022 LTSF Annual Report
P. 27
Lawrence Township School Foundation
Statements of Financial Position
For the Year Ended June 30, 2022 and June 30, 2021
June 30
Assets 2022 2021
Cash and cash equivalents 524,450 546,430
Unconditional promises to give 29,562 16,932
Investments 2,792,997 3,120,324
Office equipment, Net 2,409 1,739
Lawrence Township School Foundation
TOTAL ASSETS 3,349,418 3,685,425
Statements of Activities
Liabilities For the Year Ended June 30, 2022 and June 30, 2021
Accounts payable 24,134 19,328 June 30
Programs payable 56,472 70,565 Revenue 2022 2021
TOTAL LIABILITIES 80,606 89,893 Contributions $ 743,526 559,198
Special fundraising events $ 220,865 217,888
Net Assets Investment income (loss) $ (365,001) 715,450
Without Donor Restrictions 255,660 272,412
With Donor Restrictions 3,013,152 3,323,120 TOTAL REVENUE 599,390 1,492,536
TOTAL NET ASSETS 3,268,812 3,595,532 Expenses
Program Services 523,723 429,353
TOTAL LIABILITIES & NET ASSETS 3,349,418 3,685,425 Management and General 216,143 220,676
Special Fundraising Events 186,244 157,248
TOTAL EXPENSES 926,110 807,277
CHANGE IN NET ASSETS (326,720) 685,259
Net Assets, Beginning of Year 3,595,532 2,910,273
Net Assets, End of Year 3,268,812 3,595,532
Financials
2021-22
