2018 Financial Report

Statement of Financial Position

(As of December 31, 2018)

Assets

Investments at Market Value  $110,353,878
Pledges, Gifts, Other Receivables + $9,898,015
Total Assets  $120,251,893
Less: Liabilities  $1,460,678
Total Net Assets  $118,791,215

 

Restricted Funds $52,499,555
Unrestricted Funds + $66,291,660

Total Net Assets

$118,791,215

Statement of Activities

(As of December 31, 2018)

Revenues and Gains

Contributions Income $1,118,764
Investment Income or (Loss) - $(5,656,098)
Total Revenues and Gains/(Loss) -$(4,537,334)

Distributions and Expenses

Distributions to the Frederik Meijer Gardens $4,845,580
Other Expenses + $115,776
Total Distributions and Expenses $4,961,356

Increase (Decrease) to Net Assets

$(9,498,690)