Page 13 - Fall Winter 2023 FINAL FILE FOR WEBSITE USE

Year Ending 2022 HHSAA Financials

Statement of Financial Position as of December 31, 2022
Includes comparative information as of December 31, 2021
Assets 2022 2021
Cash and cash equivalents $ 227,758 128,289
Accounts receivable 63,843 63,843
Investments 3,113,979 3,254,366
Total Assets $ 3,405,580 3,446,498

Liabilities

Accounts payable $ 1,568 0
Total liabilities 1,568 0

Net Assets
With donor restriction 3,120,590 2,179,878
Without donor restriction 283,422 1,266,620
Total net assets 3,404,012 3,446,498
Total liabilities and net assets $ 3,405,580 3,446,498

Statement of Activities as of December 31, 2022
Includes comparative information as of December 31, 2021
2022 2021
Total Total

Operating activity:
Revenue:
Annual Fund, other $ 98,052 104,969
Interest and dividends 9,646 6,791
Endowment contributions 386,658 941,568
Investment Gain (Loss) (404,729) 216,753
Total revenue $ 89,626 1,270,081

Expenses:
Scholarships and grants 1,600 129,454
Endowment admin fees 51,351 46,271
Payroll 20,110 6,910
Fundraising and magazine expenses 59,051 30,525
Total operating expenses 132,112 213,160
(Decrease) increase in net assets $ (42,486) 1,056,921

www.houltonalumni.com 13