Audited Financial Summary

FY2014

FY2015

FY2016

FY2017

FY2018

INCOME

Individuals

611,088

512,057

494,356

543,230

623,760

Churches

62,974

82,502

63,315

60,379

76,169

Foundations

245,000

433,000

607,693

673,281

738,720

Transfers from Legacy Funds*

86,208

86,627

69,689

72,004

77,691

In-Kind Contributions† 

25,605

15,000

15,000

166,649

166,000

Other (Interest, Merchant Fees)

(1,203)

(1,080)

(657)

(937)

1,017

TOTAL INCOME

$1,029,672

$1,128,106

$1,249,396

$1,514,606

$1,683,357

Programs

844,222

905,573

931,929

1,202,378

1,306,916

Strategy & Administration

65,576

66,791

76,643

107,664

171,206

Fundraising

107,524

156,599

171,502

148,744

152,674

TOTAL EXPENDITURE

$1,017,322

$1,128,963

$1,180,074

$1,458,786

$1,630,800

OPERATING SURPLUS (DEFICIT)

$12,350

($857)

$69,322

$55,820

$52,557

NET CURRENT ASSETS (YEAR-END)

$304,931

$304,074

$373,396

$575,753

$867,631

New Legacy Contributions

464,323

26,506

16,591

Transfers for Programs

(86,208)

(86,627)

(69,689)

(72,004)

(77,691)

Earnings on Investments

62,407

(79,714)

86,311

87,079

45,320

LEGACY FUNDS BALANCE (YEAR-END)*

$494,181

$327,840

$808,785

$844,854

$829,378

FUTURE COMMITMENTS: LeaderStudies

$1,305,000

$1,380,000

$1,302,000

$1,404,000

$1,446,000

SELECTED RATIOS

Income versus Prior Year

-3%

+10%

+11%

+9%

+11%

Program ÷ Total Expenditure

83%

80%

79%

82%

80%

Current Assets ÷ LeaderStudies Commitments

23%

22%

29%

41%

60%

*

Legacy Funds are amortized on a fixed schedule, between 5 and 20 years, according to donor intent.

In-kind contributions include office rental and the president’s compensation.

Note: Financial results from FY2014-16 are not directly comparable to results from FY2017-18 because the president’s salary is listed as an in-kind contribution only in FY2017-18. Before that time, it was also donated, but not recognized in our financial statements. We are making the change to facilitate project cost tracking, to enable future comparisons, and to prepare for eventual succession.

Approximate total for leaders pursuing advanced education. These typically require an investment of 2-5 years.

Fiscal Year ends August 31.

Excellence in Giving recognizes our commitment to transparency. View our report here.

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State Nonprofit Disclosures

Certain states require written disclosures for nonprofit organizations soliciting contributions. Individual state disclosures are below.

Florida: A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE, WITHIN THE STATE, 1-800-435-7352 (800-HELP-FLA), OR VISITING www.FloridaConsumerHelp.com. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. Florida Registration #CH56054

REGISTRATION WITH A STATE AGENCY DOES NOT CONSTITUTE OR IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THAT STATE.

More information about charity state disclosures and charitable solicitation registrations.