2019 Financial Statement
Combined Statement of Activities for the Year Ended December 31, 2019.
Revenue & Expenses
REVENUES, GAINS & OTHER SUPPORT Without Donor Restrictions With Donor Restrictions FY2019 TOTAL FY2018 TOTAL REVENUES, GAINS & OTHER SUPPORT
Direct mail contributions $47,376,275 - $47,376,275 $45,592,347 Direct mail contributions
Individualand corporate contributionsandgrants 24,146,295 31,593,686 55,739,981 70,524,107 Individualand corporate contributionsandgrants
Federal grants 25,434,659 - 25,434,659 20,962,317 Federal grants
Non-federal grants 223,593 - 223,593 879,366 Non-federal grants
Accreditation fees 4,224,207 - 4,224,207 4,027,184 Accreditation fees
Royalty income 726,630 - 726,630 671,519 Royalty income
Appreciation in trust assets—net 6,490,809 - 6,490,809 311,084 Appreciation in trust assets—net
Other investment income—net 246,535 - 246,535 (489,020) Other investment income—net
Other income 2,098,294 - 2,098,294 3,612,133 Other income
Total revenues, gains and other support $110,967,297 $31,593,686 $142,560,983 $146,091,037 Total revenues, gains and other support
NET ASSETS RELEASED FROM RESTRICTIONS Without Donor Restrictions With Donor Restrictions FY2019 TOTAL FY2018 TOTAL NET ASSETS RELEASED FROM RESTRICTIONS
Satisfaction of program restrictions 12,933,549 (12,933,549) - - Satisfaction of program restrictions
Expiration of time restrictions 14,044,811 (14,044,811) - - Expiration of time restrictions
Total revenues, gains, and other support and net assets released from restrictions $137,945,657 $4,615,326 $142,560,983 $146,091,037 Total revenues, gains, and other support and net assets released from restrictions
EXPENSES Without Donor Restrictions With Donor Restrictions FY2019 TOTAL FY2018 TOTAL EXPENSES
Program assistance 73,593,203 - 73,593,203 80,227,079 Program assistance
Public education and communications 32,481,306 - 32,481,306 30,093,477 Public education and communications
Sports training and competitions 6,461,824 - 6,461,824 9,829,763 Sports training and competitions
Fundraising 16,485,993 - 16,485,993 16,407,262 Fundraising
Management and general 4,166,319 - 4,166,319 4,251,115 Management and general
Total expenses $133,188,645 - $133,188,645 $140,808,696 Total expenses
Net assets (beginning of year) 52,913,894 32,389,281 85,303,175 80,020,834 Net assets (beginning of year)
Changes in net assets 4,757,012 4,615,326 9,372,338 5,282,341 Changes in net assets
Net assets (end of year) $57,670,906 $37,004,607 $94,675,513 $85,303,175 Net assets (end of year)
Assets & Liabilities
Assets 2019 2018 Assets
Current Assets Current Assets
Cash & cash equivalents $18,600,121 $16,485,236 Cash & cash equivalents
Contributions & accounts receivable 14,886,704 18,644,940 Contributions & accounts receivable
Other current assets 2,914,510 2,619,056 Other current assets
Total current assets $36,401,335 $37,749,232 Total current assets
NON-CURRENT ASSETS NON-CURRENT ASSETS
Investments 58,207,614 51,813,442 Investments
Long-term contributions receivable—net 9,649,025 9,068,877 Long-term contributions receivable—net
Fixed assets—net 5,284,550 4,438,174 Fixed assets—net
Other assets 863,670 787,893 Other assets
Total non-current assets $74,004,859 $66,108,386 Total non-current assets
TOTAL $110,406,194 $103,857,618 TOTAL
Liabilities & Net Assets 2019 2018 Liabilities & Net Assets
Current Liabilities Current Liabilities
Accounts payable & accrued liabilities 8,878,488 11,228,490 Accounts payable & accrued liabilities
Grants & awards payable 4,242,824 3,966,253 Grants & awards payable
Deferred liabilities 2,609,369 3,089,417 Deferred liabilities
Total current liabilities $15,730,681 $18,284,160 Total current liabilities
Non-Current Liabilities Non-Current Liabilities
Long-term deferred rent - 270,283 Long-term deferred rent
Total liabilities $15,730,681 $18,554,443 Total liabilities
Net Assets Net Assets
Without Donor Restrictions 57,670,906 52,913,894 Without Donor Restrictions
With Donor Restrictions 37,004,607 32,389,281 With Donor Restrictions
Total net assets $94,675,513 $85,303,175 Total net assets
TOTAL $110,406,194 $103,857,618 TOTAL
2020 Financial Statement
Combined Statement of Activities for the Year Ended December 31, 2020.
Revenue & Expenses
REVENUES, GAINS & OTHER SUPPORT Without Donor Restrictions With Donor Restrictions FY2020 TOTAL FY2019 TOTAL REVENUES, GAINS & OTHER SUPPORT
Direct mail contributions $49,248,634 - $49,248,634 $47,376,275 Direct mail contributions
Individual and corporate contributions and grants 15,145,806 24,292,226 39,438,032 55,739,981 Individual and corporate contributions and grants
Federal grants 24,516,115 - 24,516,115 25,434,659 Federal grants
Non-federal grants 129,117 - 129,117 223,593 Non-federal grants
Accreditation fees 3,184,544 - 3,184,544 4,224,207 Accreditation fees
Royalty income 735,598 - 735,598 726,630 Royalty income
Appreciation in trust assets - net 6,513,046 - 6,513,046 6,490,809 Appreciation in trust assets - net
Other investment income - net 166,058 143,221 309,279 246,535 Other investment income - net
Other income 3,998,925 - 3,998,925 2,098,294 Other income
Total revenues, gains and other support $103,637,843 $24,435,447 $128,073,290 $142,560,983 Total revenues, gains and other support
NET ASSETS RELEASED FROM RESTRICTIONS Without Donor Restrictions With Donor Restrictions FY2020 TOTAL FY2019 TOTAL NET ASSETS RELEASED FROM RESTRICTIONS
Satisfaction of program restrictions 8,186,342 -8,186,342 - - Satisfaction of program restrictions
Expiration of time restrictions 13,444,307 -13,444,307 - - Expiration of time restrictions
Total revenues, gains and other support and net assets released from restrictions $125,268,492 $2,804,798 $128,073,290 $142,560,983 Total revenues, gains and other support and net assets released from restrictions
EXPENSES Without Donor Restrictions With Donor Restrictions FY2020 TOTAL FY2019 TOTAL EXPENSES
Program assistance 57,690,110 - 57,690,110 73,593,203 Program assistance
Public education and communications 31,820,079 - 31,820,079 32,481,306 Public education and communications
Sports training and competitions 3,957,638 - 3,957,638 6,461,824 Sports training and competitions
Fundraising 13,598,231 - 13,598,231 16,485,993 Fundraising
Management and general 4,724,700 - 4,724,700 4,166,319 Management and general
Total expenses $111,790,758 - $111,790,758 $133,188,645 Total expenses
Net assets (beginning of year) 57,670,906 37,004,607 94,675,513 85,303,175 Net assets (beginning of year)
Changes in net assets 13,477,734 2,804,798 16,282,532 9,372,338 Changes in net assets
Net assets (end of year) $71,148,640 $39,809,405 $110,958,045 $94,675,513 Net assets (end of year)
Assets & Liabilities
ASSETS 2020 2019 ASSETS
Current Assets Current Assets
Cash & cash equivalents $33,282,648 $18,600,121 Cash & cash equivalents
Contributions & accounts receivable 16,130,630 14,886,704 Contributions & accounts receivable
Other current assets 3,165,561 2,914,510 Other current assets
Total current assets $52,578,839 $36,401,335 Total current assets
NON-CURRENT ASSETS NON-CURRENT ASSETS
Investments 62,577,009 58,207,614 Investments
Long-term contributions receivable - net 9,618,109 9,649,025 Long-term contributions receivable - net
Fixed assets - net 5,702,132 5,284,550 Fixed assets - net
Other assets 927,689 863,670 Other assets
Total non-current assets $78,824,939 $74,004,859 Total non-current assets
TOTAL $131,403,778 $110,406,194 TOTAL
LIABILITIES & NET ASSETS 2020 2019 LIABILITIES & NET ASSETS
Current Liabilities Current Liabilities
Accounts payable & accrued liabilities 7,314,301 8,878,488 Accounts payable & accrued liabilities
Grants & awards payable 5,020,726 4,242,824 Grants & awards payable
Deferred liabilities 8,110,706 2,609,369 Deferred liabilities
Total current liabilities $20,445,733 $15,730,681 Total current liabilities
NON-CURRENT LIABILITIES NON-CURRENT LIABILITIES
Long-term deferred rent - - Long-term deferred rent
Total liabilities $20,445,733 $15,730,681 Total liabilities
NET ASSETS NET ASSETS
Without Donor Restrictions 71,148,640 57,670,906 Without Donor Restrictions
With Donor Restrictions 39,809,405 37,004,607 With Donor Restrictions
Total net assets $110,958,045 $94,675,513 Total net assets
Total $131,403,778 $110,406,194 Total
2021 Financial Statement
Combined Statement of Activities for the Year Ended December 31, 2021.
Revenue & Expenses
REVENUES, GAINS & OTHER SUPPORT Without Donor Restrictions With Donor Restrictions FY2021 TOTAL FY2020 TOTAL REVENUES, GAINS & OTHER SUPPORT
Direct mail contributions $56,091,518 - $56,091,518 $49,248,634 Direct mail contributions
Individual and corporate contributions and grants 10,034,208 27,765,328 37,799,536 39,438,032 Individual and corporate contributions and grants
Federal grants 6,256,764 - 6,256,764 24,516,115 Federal grants
Non-federal grants 32,246,398 - 32,246,398 129,117 Non-federal grants
Accreditation fees 3,266,273 - 3,266,273 3,184,544 Accreditation fees
Royalty income 1,230,645 - 1,230,645 735,598 Royalty income
Appreciation in trust assets - net 8,517,223 - 8,517,223 6,513,046 Appreciation in trust assets - net
Other investment income - net -5,151 219,685 214,534 309,279 Other investment income - net
Other income 3,920,962 - 3,920,962 3,998,925 Other income
Total revenues, gains and other support $121,558,840 $27,985,013 $149,543,853 $128,073,290 Total revenues, gains and other support
NET ASSETS RELEASED FROM RESTRICTIONS Without Donor Restrictions With Donor Restrictions FY2020 TOTAL FY2019 TOTAL NET ASSETS RELEASED FROM RESTRICTIONS
Satisfaction of program restrictions 14,139,454 -14,139,454 - - Satisfaction of program restrictions
Expiration of time restrictions 11,019,861 -11,019,861 - - Expiration of time restrictions
Total revenues, gains and other support and net assets released from restrictions $125,268,492 $2,825,698 $149,543,853 $128,073,290 Total revenues, gains and other support and net assets released from restrictions
EXPENSES Without Donor Restrictions With Donor Restrictions FY2020 TOTAL FY2019 TOTAL EXPENSES
Program assistance 66,135,393 - 66,135,393 57,690,110 Program assistance
Public education and communications 36,388,452 - 36,388,452 31,820,079 Public education and communications
Sports training and competitions 5,616,483 - 5,616,483 3,957,638 Sports training and competitions
Fundraising 14,537,702 - 14,537,702 13,598,231 Fundraising
Management and general 4,305,580 - 4,305,580 4,724,700 Management and general
Total expenses 126,983,610 - 126,983,610 111,790,758 Total expenses
Net assets (beginning of year) 71,148,640 39,809,405 110,958,045 94,675,513 Net assets (beginning of year)
Changes in net assets 19,734,545 2,825,698 22,560,243 16,282,532 Changes in net assets
Net assets (end of year) 90,883,185 42,635,103 133,518,288 110,958,045 Net assets (end of year)
Assets & Liabilities
ASSETS 2021 2020 ASSETS
Current Assets Current Assets
Cash & cash equivalents $51,411,978 $33,282,648 Cash & cash equivalents
Contributions & accounts receivable $19,357,581 $16,130,630 Contributions & accounts receivable
Other current assets $2,375,030 $3,165,561 Other current assets
Total current assets $73,144,589 $52,578,839 Total current assets
NON-CURRENT ASSETS NON-CURRENT ASSETS
Investments $71,378,284 $62,577,009 Investments
Long-term contributions receivable - net $6,394,827 $9,618,109 Long-term contributions receivable - net
Fixed assets - net $4,371,470 $5,702,132 Fixed assets - net
Other assets $968,332 $927,689 Other assets
Total non-current assets $83,112,913 $78,824,939 Total non-current assets
Total $156,257,502 $131,403,778 Total
LIABILITIES & NET ASSETS 2021 2020 LIABILITIES & NET ASSETS
CURRENT LIABILITIES CURRENT LIABILITIES
Accounts payable & accrued liabilities 8,409,941 7,314,301 Accounts payable & accrued liabilities
Grants & awards payable 6,682,101 5,020,726 Grants & awards payable
Deferred liabilities 7,647,172 8,110,706 Deferred liabilities
Total current liabilities 22,739,214 20,445,733 Total current liabilities
NON-CURRENT LIABILITIES NON-CURRENT LIABILITIES
Long-term deferred rent Long-term deferred rent
Total liabilities 22,739,214 20,445,733 Total liabilities
NET ASSETS NET ASSETS
Without Donor Restrictions 90,883,185 71,148,640 Without Donor Restrictions
With Donor Restrictions 42,635,103 39,809,405 With Donor Restrictions
Total net assets 133,518,288 110,958,045 Total net assets
Total 156,257,502 131,403,778 Total