making an impact
Since 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
| ASSETS | 2016 | 2015 |
|---|---|---|
| Cash and cash equivalents | $1,549,464 | $843,595 |
| Investments | 14,300,066 | 12,999,097 |
| Unconditional promises to give | 2,286,899 | 2,104,210 |
| Prepaid expenses and other assets | 8,821 | 14,038 |
| Property and equipment – net | 10,078 | 20,109 |
| TOTAL ASSETS | $18,155,328 | $15,981,049 |
| LIABILITIES | 2016 | 2015 |
|---|---|---|
| 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 ASSETS | 2016 | 2015 |
|---|---|---|
| Unrestricted | $ – | $9,272 |
| Temporarily restricted | $33,500 | $84,700 |
| Permanently restricted | $561,503 | $581,334 |
| TOTAL NET ASSETS | 17,560,325 | 15,305,743 |
| TOTAL LIABILITIES AND NET ASSETS | $18,155,328 | $15,981,049 |
|---|
Statement of Activities
| SUPPORT AND REVENUE | 2016 | 2015 |
|---|---|---|
| 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 |
| EXPENSES | 2016 | 2015 |
|---|---|---|
| Grantmaking and other program expenses | $1,558,838 | $1,837,076 |
| Management and general | 323,378 | 319,403 |
| Fundraising and development | 379,543 | 343,719 |
| TOTAL EXPENSES | 2,261,759 | 2,500,198 |
2016 |
2015 | |
|---|---|---|
| CHANGE IN NET ASSETS | 2,254,582 | 1,019,392 |
| NET ASSETS AT BEGINNING OF YEAR | 15,305,743 | 14,286,351 |
| NET ASSETS AT END OF YEAR | $17,560,325 | $15,305,743 |
Foundation for MetroWest