Financials

The Amarillo College Foundation Annual Financial Report is available below. The accompanying notes are an integral part of the financial statements. 

 


Statements of Financial Position

09/01/16 - 08/31/17

 

 

 

YTD-2017

YTD-2016

ASSETS

  Cash

$ 185,867

$ 27,693

  Investments, at fair value

$ 39,629,416

$ 35,213,533

 

Unconditional promises to give

$ 7,000 $ 14,000
  Accounts receivable $ 6,476 $ -
 

Accrued interest receivable

$ -

$ 69,877
 

Computer software, net

$ -

$ 17,605
 

Oil and gas properties

$ 674,349

$ 674,349

TOTAL ASSETS  

$ 40,501,108

$ 36,017,057

       

LIABILITIES AND NET ASSETS

LIABILITIES      
  Related party payable

$ 16,569

$ 141,040

  Accounts payable

$ 20,101

$ 56,227

  Accrued compensation payable

$ 19,490

$ 17,296

 

Total Liabilities

$ 56,160 $ 214,563
NET ASSETS      
 

Unrestricted

$ 2,487,453

$ 2,344,939

 

Temporarily restricted

$ 18,377,593 $ 14,166,867
  Permanently restricted $ 19,581,902 $ 19,290,688
 

Total Net Assets

$ 40,446,948 $ 35,802,494

TOTAL LIABILITIES
AND NET ASSETS

 

$ 40,503,108

$ 36,017,057

 


Statements of Activities

09/01/16 - 08/31/17

 

YEAR ENDED AUGUST 31, 2017

 
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Totals

REVENUE AND
SUPPORT

 
 
 
 
Contributions
$ 74,037
$ 1,758,609
$ 273,957
$ 2,106,603
Other Revenue:
 
 
 
 
Interest and Dividends
 53,681
 801,934
 7,511
 863,126
Net Realized Gain (Loss) on Investments
36,051
539,961
-
576,012
Oil and Gas Income
-
123,865
-
123,865
Net Unrealized Gain/Loss on Investments
185,706
2,889,487
-
3,075,193
Miscellaneous Revenue
44,237
34,382
-
78,619
Total Other Revenue
319,675
4,389,629
7,511
4,716,815
Net Assets Released
from Restrictions
Satisfaction of time or
purpose restrictions
1,788,728
(1,798,474)
9,746
-
Total Revenue
2,182,440
4,349,764
291,214
6,823,418
 
 
 
 
 

EXPENSES

 
 
 
 
Program Services:
 
 
 
 
Scholarships Awarded
1,075,518
-
-
1,075,518
Grants Awarded to
Other Nonprofit Entities
8,444
-
-
8,444
Institutional Activities
536,193
-
-
536,193
Grants Awarded to Amarillo College
47,000
-
-
47,000
Total Program Services
1,667,155
-
-
1,667,155
 
 
 
 
 
Supporting Services:
 
 
 
 
Investment Consulting
and Trustee Fees
9,302
139,038
-
148,340
Management and General
322,533
-
-
322,533
Fundraising
23,331
-
-
23,331
Depreciation
17,605
-
 
17,605
Total Supporting Services
372,771
139,038
-
511,809
Total Operating Expenses
2,039,926
139,038
-
2,178,964
 
 
 
 
 

CHANGE IN NET ASSETS

142,514
4,210,726
291,214
4,644,454

NET ASSETS, BEGINNING OF YEAR

2,344,939
14,166,867
19,290,688
35,802,494

NET ASSETS, END OF YEAR

$ 2,487,453
$ 18,377,593
$ 19,581,902
$ 40,446,948

 


 

YEAR ENDED AUGUST 31, 2016

 
Unrestricted
Temporarily
Restricted
Permanently
Restricted
Totals

REVENUE AND
SUPPORT

 
 
 
 
Contributions
$ 81,680
$ 2,089,180
$ 187,886
$ 2,358,746
Other Revenue:
 
 
 
 
Interest and Dividends
 72,106
 962,145
 8,700
 1,042,951
Net Realized Gain (Loss) on Investments
(43,799)
(617,703)
-
(661,502)
Oil and Gas Income
-
101,901
-
101,901
Net Unrealized Gain/Loss on Investments
81,800
1,304,837
-
1,386,637
Miscellaneous Revenue
41,110
29,173
-
70,283
Total Other Revenue
151,217
1,780,353
8,700
1,940,270
Net Assets Released
from Restrictions
Satisfaction of time or
purpose restrictions
3,215,049
(3,219,949)
4,900
-
Total Revenue
3,447,946
649,584
201,486
4,299,016
 
 
 
 
 

EXPENSES

 
 
 
 
Program Services:
 
 
 
 
Scholarships Awarded
1,083,940
-
-
1,083,940
Grants Awarded to
Other Nonprofit Entities
6,861
-
-
6,861
Institutional Activities
281,908
-
-
281,908
Grants Awarded to Amarillo College
1,783,459
-
-
1,783,459
Total Program Services
3,156,168
-
-
3,156,168
 
 
 
 
 
Supporting Services:
 
 
 
 
Investment Consulting
and Trustee Fees
9,935
136,197
-
146,132
Management and General
330,596
-
-
330,596
Fundraising
16,327
-
-
16,327
Depreciation
30,181
-
 
30,181
Total Supporting Services
378,039
136,197
-
523,236
Total Operating Expenses
3,543,207
136,197
-
3,679,404
 
 
 
 
 

CHANGE IN NET ASSETS

(95,261)
513,387
201,486
619,612

NET ASSETS, BEGINNING OF YEAR

2,440,200
13,653,480
19,089,202
35,182,882

NET ASSETS, END OF YEAR

$ 2,344,939
$ 14,166,867
$ 19,290,688
$ 35,802,494