Page 18 - Newsletter Spring 2021
P. 18
Year Ending 2020 HHSAA Financials
Starting with this 2021 Spring/Summer issue of the Northstar News, we will show the financials
each Spring/Summer issue. As you can see, with almost $2.4 million in Assets and a Net Income of
$343,000, your Association is doing well. SUCCESSFUL BECAUSE OF YOU!
HHSAA BALANCE SHEET AS OF DECEMBER 31, 2020
Dec 31, 20
ASSETS
Current Assets
Total Checking/Savings 146,248.18
Other Current Assets
Trust Receivables 266,447.47
MCF Endowment Fund 1,976,881.35
Total Other Current Assets 2,243,328.82
Total Current Assets 2,389,577.00
TOTAL ASSETS 2,389,577.00
LIABILITIES & EQUITY
Equity
Net Assets
With Donor Restrictions 1,835,784.74
Without Donor Restrictions 210,308.18
Total Net Assets 2,046,092.92
Net Income 343,484.08
Total Equity 2,389,577.00
TOTAL LIABILITIES & EQUITY 2,389,577.00
HHSAA PROFIT AND LOSS STATEMENT
FOR THE YEAR ENDING DECEMBER 31, 2020
Jan - Dec 20
Income
Contributions 87,222.21
Endowment 380,495.38
MCF Annual Payment/Grant 52,850.00
Total Income 520,567.59
Expense
Scholarships & Special Projects 132,020.00
Fundraising Expenses 45,063.51
Total Expense 177,083.51
Net Income 343,484.08
www.houltonalumni.com PAGE 18
