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 |