Page 7 - 2019 Annual Report 08320

2019 INCOME AND EXPENSES INCOME AND ENDOWMENT DRAW
Unaudited Financial Statements

OPERATING INCOME & ENDOWMENT DRAW
Municipal Annual Fund, 16%
Annual Fund $ 74,549.00 16% Appropriations, 24%
Endowment & Major Donors $ 212,431.00 44%
Friends of the Athenaeum $ 14,985.00 3%
Gallery/Gift Shop $ 13,902.00 3%
Grants/Program Support $ 22,794.00 5%
Library Services $ 14,975.00 3%
Fundraising Events $ 12,321.00 3%
Municipal Appropriations $ 115,000.00 24% Fundraising Events,
3%

Total Income $ 480,957.00 100% Library Services, 3%

OPERATING EXPENSE Grants/Program
Support, 5%
Administrative $ 46,673.00 9%
Depreciation $ 80,000.00 15% Gallery/Gift Shop,
3%
Development & Marketing $ 78,616.00 15% Friends of the Endowment &
Facilities $ 69,412.00 13% Athenaeum, 3% Major Donors, 44%
Library Services $ 196,047.00 37%
Operations (Athenaeum/Friends) $ 26,121.00 5%
Programs $ 33,812.00 6%
EXPENSE

Total Expense $ 530,681.00 100%
Net Operating Income $ (49,724.00)
Operations Programs, 6% Administrative, 9%
(Athenaeum/Friends), 5%
OPERATIONS & FRIENDS ONLY
TOTAL BALANCE SHEET 2019
Cash $ 59,530.00
Pledge Receivables $ 11,250.00 Depreciation, 15%
Current Assets $ 14,480.00
Fixed Assets, net of depreciation $ 1,851,630.00
Beneficial Interest in Trust $ 2,027,642.00
Vermont Community Foundation $ 32,088.00
Unrestricted Investments $ 3,867,342.00
Permanently Restricted Investments (Income $ 290,663.00
Only) Library Services,
37% Development &
Total Assets $ 8,154,625.00 Marketing, 15%

Liabilities $ 109,262.00
Equity $ 8,045,363.00
Total Liabilities and Equity $ 8,154,625.00
Facilities, 13%