Page 15 - Newsletter_Spring_2022
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Year Ending 2021 HHSAA Financials
As you can see, with almost $3.5 million in Assets and a Net Income of $1,056,921, your Association
is doing extremely well. SUCCESSFUL BECAUSE OF YOU!
HHSAA BALANCE SHEET AS OF DECEMBER 31, 2021
Dec 31, 21
ASSETS
Total Checking/Savings 128,289
Trust Receivables 63,843
MCF Endowment Fund 3,254,366
TOTAL ASSETS 3,446,498
LIABILITIES & EQUITY
Equity
Net Assets
With Donor Restrictions 2,179,878
Without Donor Restrictions 209,699
Total Net Assets 2,389,577
Net Income 1,056,921
Total Equity 3,446,498
TOTAL LIABILITIES & EQUITY 3,446,498
HHSAA PROFIT AND LOSS STATEMENT
FOR THE YEAR ENDING DECEMBER 31, 2021
Jan - Dec 21
Income
Annual Fund & Special Project 104,969
Endowment 1,165,112
Total Income 1,270,081
Expense
Scholarships & Special Projects 129,554
Fundraising Expenses 83,606
Total Expense 213,160
Net Income 1,056,921
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