Page 24 - Spring 2024

Year Ending 2023 HHSAA Financials

Statement of Financial Position as of December 31, 2023
Includes comparative information as of December 31, 2022
Assets 2023 2022
Cash and cash equivalents $ 81,957 227,758
Accounts receivable 88,727 63,843
Investments 3,599,856 3,113,979
Total Assets $ 3,770,539 3,405,580

Liabilities

Accounts payable $ 90,526 1,568
Total liabilities 90,526 1,568

Net Assets
With donor restriction 3,143,235 3,170,590
Without donor restriction 283,062 283,422
Total net assets 3,426,297 3,454,012
Total liabilities and net assets $ 3,516,823 3,455,580

Statement of Activities as of December 31, 2023
Includes comparative information as of December 31, 2022
2023 2022
Total Total

Operating activity:
Revenue:
Annual Fund, other $ 92,927 98,052
Interest and dividends 22,489 9,646
Endowment contributions 73,470 386,658
Investment Gain (Loss) 398,493 (404,729)
Total revenue $ 587,379 89,627

Expenses:
Scholarships and grants 183,787 1,600
Endowment admin fees 57,526 51,351
Payroll 24,899 20,110
Fundraising and magazine expenses 69,939 59,051
Total operating expenses 336,151 132,112
(Decrease) increase in net assets $ 251,228 (42,485)

24 www.houltonalumni.com