Financial Activities
THE MONTICELLO COLLEGE FOUNDATION
Statement Of Activities
For the Year Ended June 30, 2020
Support and Revenue:
| Net Investment Return |
(1,716,711) |
| Royalty Income |
734 |
| Other Income |
14,828 |
| Gifts and Bequests |
26,206 |
| Total Support and Revenue |
(1,674,943) |
Expenses:
| Program Grants |
450,771 |
| Salaries |
24,500 |
| Payroll Taxes |
1,874 |
| Professional Fees |
4,620 |
| Insurance |
1,198 |
| Office Expense |
2,439 |
| Telephone Expense |
211 |
| Depreciation |
18 |
| Other Expenses |
2,402 |
| Total Expenses |
488,033 |
| Change in Net Assets |
(2,162,976) |
| Net Assets as of Beginning of Year |
$14,564,829 |
| Net Assets as of End of Year |
$12,401,853 |
