AFAS 2019 Annual Report

Condensed Financials

Statements of Financial Position as of December 31, 2019 and 2018

2019

2018

Assets

Cash & equivalents

$

1,461,085

$

1,156,569

Investments

206,000,903

183,159,000

Emergency assistance and education Loans receivable, net

3,767,436

3,951,499

Donations receivable

35,329

81,958

Property & equipment

244,694

493,188

Other assets

191,650

207,764

Total assets

$ 211,701,097

$ 189,049,978

Liabilities and net assets

Accounts payable and accrued expenses

$

1,211,081

$

2,160,731

Net Assets: Net Assets without Donor restrictions

208,369,096

184,752,756

Net Assets with Donor Restrictions

2,120,920

2,136,491

Total Net assets

210,490,016

186,889,247

Total liabilities and net assets $ 211,701,097

$ 189,049,978

The information above is extracted from our audited financial statements, which are audited by an independent audit firm. The final audit report will be made available on our web site at www.afas.org .

AFAS.ORG / 2019 Annual Report

afas.org

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