making an impact

orangeSince 1995, the Foundation for MetroWest has partnered with people like you to increase opportunities for our most vulnerable neighbors, create an environment where the arts thrive, and improve the quality of life in each of the region’s 33 cities and towns.

2016

2015

2015 / 2016 Statement of Financial Position

ASSETS20162015
Cash and cash equivalents$1,549,464$843,595
Investments14,300,06612,999,097
Unconditional promises to give2,286,8992,104,210
Prepaid expenses and other assets8,82114,038
Property and equipment – net10,07820,109
TOTAL ASSETS$18,155,328$15,981,049
LIABILITIES20162015
Accounts payable and accrued expenses
$ –$9,272
Grants payable$33,500$84,700
Agency endowment funds$561,503$581,334
TOTAL LIABILITIES $595,003$675,306
NET ASSETS20162015
Unrestricted$ –$9,272
Temporarily restricted$33,500$84,700
Permanently restricted$561,503$581,334
TOTAL NET ASSETS 17,560,32515,305,743
TOTAL LIABILITIES AND NET ASSETS$18,155,328$15,981,049

Statement of Activities

SUPPORT AND REVENUE20162015
Contributions, grants and gifts$3,110,218 $3,411,295
Investment income 901,449 (284,656)
Program fees 4,418 6,255
Special events 495,756 386,696
In-kind contributions 4,500
TOTAL SUPPORT AND REVENUE$4,516,341 $3,519,590
EXPENSES20162015
Grantmaking and other program expenses$1,558,838$1,837,076
Management and general323,378319,403
Fundraising and development379,543343,719
TOTAL EXPENSES2,261,7592,500,198

2016

2015

CHANGE IN NET ASSETS2,254,5821,019,392
NET ASSETS AT BEGINNING OF YEAR15,305,74314,286,351
NET ASSETS AT END OF YEAR$17,560,325$15,305,743