STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2021 AND 2020
ASSESTS
2021
2020
(unaudited)
(audited)
CURRENT ASSETS Cash and Cash Equivalents
1,030,462 65,730 576,345
635,501 86,521 526,516 3,500 15,208
Cash and Cash Equivalents - Restricted
Investments
Promises to give
57,940 33,152
Prepaid expenses and other assets
Total Current Assets
1,763,630
1,267,246
PROPERTY AND EQUIPMENT Property and equipment Less: accumulated depreciation
4,698,454 (2,906,942)
4,621,473 (2,657,368)
Property and equipment, net
1,791,512
1,964,105
$3,555,142
$3,231,351
Total assets
LIABILITIES & NET ASSETS
2021
2020
CURRENT LIABILITIES Accounts Payable Accrued Expenses Deferred Revenue
63,527 35,960 291,946
15,984 46,794 363,381
Total Current Liabilities
391,433
426,159
LONG TERM LIABILITIES Note payable
-
-
NET ASSETS Without donor restrictions With donor restrictions
3,112,419
2,753,971
51,290
51,221
Total net assets
3,163,709
2,805,192
$3,555,142
3,231,351
Total liabilties and net assets
2021 ANNUAL REPORT PAGE 21
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