Financial Statements

Statement of Financial Position

Year end December 31

	2017	2016
ASSETS
Cash and cash equivalents	521,027	667,156
Other receivable	4,282	5,960
Prepaid expenses	60,293	66,676
Note Receivable (Note 3)	-	-
Investments, at fair value (Notes 4 & 5)	54,330,906	52,410,614
Property and equipment, net (Note 6)	9,497	14,181
Other assets	25,725	12,085
Program Related Investment (Note 3)	25,000	35,000
Intangible assets	24,536	23,630
TOTAL ASSETS	55,001,266	53,235,302

LIABILITIES
Accounts payable and accrued expenses	248,029	82,477
Grants payable (Note 10)	992,900	625,000
Excise Tax Payable	-	-
Deferred federal excise tax (Note 9)	78,404	40,083
TOTAL LIABILITIES	1,319,333	747,560

NET ASSETS
Unrestricted	53,681,933	52,487,742

TOTAL LIABILITIES AND UNRESTRICTED NET ASSETS	55,001,266	53,235,302

Year end December 31

	2017	2016
Interest and Dividends	824,376	866,810
Realized gains on investments	2,474,561	783,893
Unrealized/gains (losses) on investments	5,842,256	2,974,923
Other investment income /(loss)	(106,748)	(283,044)
Custodial and management fees	(68,425)	(52,598)
Other investment expenses	(914,329)	(800,222)
Net investment expenses /(loss) before provision for federal excise tax	8,051,691	3,489,802
Provision for federal excise taxes	(61,495)	(52,868)
Net investment income/(loss)	7,990,196	3,436,934

EXPENSES
Program Services
Grants	5,602,805	4,669,998
Grants Management	466,516	494,410
Philanthropic community and public relations	276,772	192,208
Total program services	6,346,093	5,356,616
Supporting services
Board meetings and support	226,611	245,141
General administration	223,301	179,131
Total supporting services	449,912	424,272
TOTAL EXPENSES	6,796,005	5,780,888
Change in unrestricted net assets	1,194,191	(2,343,954)

UNRESTRICTED NET ASSETS
Beginning of Year	52,487,742	54,831,696

End of Year	53,681,933	52,487,742

Name:
Lexicon of Sustainability

Project Name:
Project Research + Community Engagement

Amount Granted:
$30,000