RiverEdge20 FoundationReport smpl - Flipbook - Page 18
RIVER EDGE FOUNDATION
CONSOLIDATED STATEMENT
OF ACTIVITIES
River Edge Foundation year ending December 31, 2019
Unrestricted Temporarily Permanently
Restricted
Restricted
THESE STATEMENTS
are excerpted from the
auditor’s report of the 2019
financial records of River
Edge Foundation. The
independent audit was
performed by the certified
accounting firm of Robert
Baker and Associates.
To request a copy of the
entire report, please call
478-803-7800.
River Edge Foundation, Inc.
Tax ID: 20-5794390
OPERATING GRANTS
AND CONTRIBUTIONS
Rental income
$
197,933 $
- $
Contracted services
- blight 1,269,864
-
Federal grants
392,029
-
Contributions
-
615,102
Investment income
332,273
(6)
Other income
109,369
-
Sales
5,317
-
Special events
10,635
1,624
Net assets released
from restrictions 2,076,166 (2,076,166)
Total operating grants
and contributions 4,393,586 (1,459,446)
EXPENSES
Program services
Supports services:
General and
administrative
Fundraising
$
197,933
- 1,269,864
-
392,029
1,000
616,102
-
332,267
-
109,369
-
5,317
-
12,259
-
-
1,000
$ 2,935,140
$ 4,564,713
River Edge Foundation year ending December 31, 2019
ASSETS
Current assets
Cash
$
721,602
Investments 2,098,221
Accounts receivable
153,042
Unconditional promises to give
999,699
Prepaid expenses
97,291
Total current assets 4,069,855
Capital assets
Land
Building and equipment – net of
accumulated depreciation
90,813
2,128,935
Total capital assets 2,219,748
Other assets
Reserve deposits
82,221
Total other assets
82,221
Total assets
$ 6,371,824
LIABILITIES AND NET ASSETS
Liabilities
Current liabilities
Accounts payable
$
Due to Affordable Business Solutions, Inc.
Due to River Edge Behavioral Health
30,312
322,089
754,134
Total current liabilities 1,106,535
4,564,713
-
-
289,163
271,415
-
-
-
-
Total Expenses 5,125,291
-
- 5,125,291
(731,705) (1,459,446)
1,000 (2,190,151)
Change in Net Assets
Prior Period Adjustment
(2,038,620)
18
-
Total
CONSOLIDATED STATEMENT
OF FINANCIAL POSITION
-
-
(2,038,620)
Net Assets, Beginning 4,533,473 3,642,945
3,195
Net Assets, Ending
4,195
$ 1,763,148
$ 2,183,499
RIV ER EDGE FOU NDATION
|
$
289,163
271,415
8,179,613
$ 3,950,842
2019 A N N U A L R E P O R T
Noncurrent liabilities
Loan payable
1,314,447
Total liabilities 2,420,982
Net assets
Without donor restrictions
With donor restrictions:
Temporarily
Permanently
1,763,148
2,183,499
4,195
Total net assets 3,950,842
Total liabilities and net assets
$ 6,371,824