Financial Report
Statement of Financial Position
As of June 30, 2023
Assets
| Current Assets | $4,796,587 |
| Property and Equipment, net | $17,123,581 |
| Contributions receivable, net of current portion | $0 |
| Investments | $13,793,681 |
| Right of Use Assets | $5,741,319 |
| Other Assets | $18,000 |
| Total Assets | $41,473,168 |
Liabilities and Net Assets
| Current Liabilities | $5,162,051 |
| Due to College (NOWI) | $17,123,581 |
| Lease Liability | $5,083,325 |
| Mortgage notes payable, net of current portion. | $404,709 |
| Total Liabilities | $23,399,513 |
Net Assets
| Unrestricted | $4,138,694 |
| Temporarily Restricted | $13,934,961 |
| Total Net Assets |
$18,073,655 |
| Total Liabilities and Net Assets |
$41,473,168 |
Statement of Revenue & Expenses
As of June 30, 2023
Revenue and Support
| Contributions | $1,669,988 |
| Special Events | $57,056 |
| Investment Return | $79,412 |
| Rent and Other Income | $1,575,278 |
| Total Revenue and Support |
$3,381,734 |
Expenses
| Scholarships, Awards and Student Support | $2,763,245 |
| General and Administrative | $104,215 |
| Fundraising | $133,879 |
| Total Expenses |
$3,001,339 |
| Changes in Net Assets |
$380,395 |
$15.8mTotal contributed to the college by the Bristol Community College Foundation since
2012.
$1.16mWas given to the college in FY23.
20Faculty and staff grants awarded totaling $51,579.
251Student scholarships awarded. 90% of every dollar raised goes directly to Bristol
Community College and Bristol students.
$309,000Total scholarship funds awarded.