Page 27 - 2022-23 LTSF Annual Report_for flipbook

2022-2023 financials

Lawrence Township School Foundation I Statements of Financial Position
For the Year Ended June 30, 2023and June 30, 2022 June 30
2023 2022
Assets
Cash and cash equivalents 593,063 524,450
Unconditional promises to give 12,775 29,562
Investments 1,929,531 1,841,440
Indianapolis Foundation 934,835 951,557
Office equipment, Net 3,500 2,409
TOTAL ASSETS 3,473,704 3,349,418

Liabilities
Accounts payable 102 3,868
Programs payable 31,568 20,266
Salaries payable 23,863 56,472
TOTAL LIABILITIES 55,533 80,606
Net Assets
Without Donor Restrictions 333,095 312,432
With Donor Restrictions 3,085,076 2,956,380
TOTAL NET ASSETS 3,418,171 3,268,812
TOTAL LIABILITIES & NET ASSETS 3,473,704 3,349,418

Lawrence Township School Foundation I Statements of Activities
For the Year Ended June 30, 2023 and June 30, 2022 June 30
2023 2022
Revenue
Contributions 735,920 743,526
Special fundraising events 298,955 220,865
Investment Income (loss) 199,704 (365,001)
TOTAL REVENUE 1,234,579 599,390

Expenses
Program Services 586,840 523,723
Management and General 257,131 216,143
Special Fundraising Events 236,404 186,244
TOTAL EXPENSES 1,080,375 926,110
CHANGE IN NET ASSETS 154,204 (326,720)
Net Assets, Beginning of Year 3,268,812 3,595,532
Net Assets, End of Year 3,423,016 3,268,812