Financials

Statement of Financial Position - December 31, 2016               2016                2015
ASSETS    
Cash and Cash Equivalents 2,191,354   1,298,091
Investments at market 113,846,272     99,906,749
Fixed assets at cost,(net of accumulated depreciation) 2,967,169        3,036,417
Oil & Gas interests 76,237              82,856
Other Assets held for sale             289,749               30,789
Total Assets   119,370,781      104,354,902
     
LIABILITIES AND NET ASSETS    
LIABILITIES    
Accounts Payable  6,335           3,955
Present value of split interest trusts           1,711,030            1,499,001
Deferred compensation              65,480                       39,545
Funds held as agency endowments       29,493,616       26,037,185
Total Liabilities       31,276,461       27,579,686
     
NET ASSETS    
Unrestricted         1,897,671          1,374,272
Temporarily restricted       86,196,649       75,400,944
Net Assets        88,094,320       76,775,216
      
TOTAL LIABILITIES AND NET ASSETS      119,370,381       104,354,902
     
 Summarized Statement of Activities    
 REVENUES,GAINS & OTHER SUPPORT (Net of Agency)    
 Contributions         9,887,077       7,029,752
 Investment Income         2,547,699           2,820,719
 Net realized/unrealized gains (losses)            5,481,088         -4,901,835
 Total Revenue, Gains and Other Support       17,915,864       4,948,636
     

 GRANTS AND EXPENSES (Net of Agency)

   
 Grants, distributions and fund expenses      5,495,883       5,662,877
 Investment expenses           147,111           144,387
 Management & general expenses           825,966           710,522
 Fundraising expenses             82,042             71,971
 Total Grants and Expenses      6,551,002       6,589,787
     
 Change in value of spilt interest agreements           (45,758)           (44,730)
     
 CHANGE IN NET ASSETS              11,319,104       -1,685,851
 NET ASSETS AT BEGINNING OF YEAR (Net of Agency)       76,775,216       78,461,067

 NET ASSETS, END OF YEAR

       88,094,320

      76,775,216

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This financial information has been summarized by managment of the Foundation from the financial statments of the San Angelo Area Foundation, which are audited by the independent public accounting firm of Condley and Company, LLP., of Abilene, Texas. Copies of the complete audit as well as the Foundation's IRS Form 990 filings are available upon request. Please send your request to pres@saafound.org and we will be happy to email you a copy of this information.

This Foundation only files form 990 with the IRS each year and does not have any earned income requiring the filing of form 990-T, thus the Foundation has never filed form 990-T. Should the Foundation ever file form 990-T, this form will also be available for public inspection by sending a request to the above email address.