Financial Activities

THE MONTICELLO COLLEGE FOUNDATION

Statement Of Activities
For the Year Ended June 30, 2023

Support and Revenue:

Net Investment Return 1,232,534
Royalty Income 11
Other Income 49
Gifts and Bequests 25,110
Total Support and Revenue 2,257,704

Expenses:

Program Grants 685,049
Salaries 27,000
Payroll Taxes 2,066
Professional Fees 5,150
Insurance 2,032
Office Expense 2,842
Telephone Expense 127
Depreciation 19
Other Expenses 2,593
Total Expenses 726,878
Change in Net Assets 530,826
Net Assets as of Beginning of Year $14,075,071
Net Assets as of End of Year $14,605,897