CONDENSED FINANCIALS
Statements of Activities as of December 31, 2020 and 2019
2020
2019
Activities without donor restrictions: Operating revenues
Investment return designated for operations
9,052,900
8,473,642
Air Force Assistance Fund Contributions
$
1,757,157
$ 1,937,579
Other Contributions
4,727,201
1,990,801
Other revenue
4,816
4,874
Net assets released from restrictions
244,469
414,770
Total operating revenues
15,786,543
12,821,666
Expenses Program services: Emergency assistance
4,522,410
2,945,476
Educational assistance
6,005,121
5,605,385
Community enhancement
1,041,266
1,615,182
Total program services expenses
11,568,797
10,166,043
Supporting services
2,171,474
2,256,490
Total operating expenses
13,740,271
12,422,533
Change in net assets from operations
2,046,272
399,133
Non-operating activities: Investment return net of amounts designated for current operations
14,772,871
23,217,207
Change in net assets without donor restriction
16,819,143
23,616,340
Activities with donor restrictions: Contributions
191,059
99,137
Endowment investment return
289,041
300,062
Net assets released from restriction
(244,469)
(414,770)
Change in net assets with donor restrictions
235,631
(15,571)
Change in net assets
17,054,774
23,600,769
Beginning net assets
210,490,016
186,889,247
Ending net assets
$ 227,544,790
$ 210,490,016
The information above is extracted from our audited financial statements, which are being audited by an independent audit firm. The final audit report will be made available on our web site at www.afas.org .
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