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Financials

Amarillo Area Foundation, Inc.

 
Assets 2022 2021 (restated)
Unrestricted cash and cash equivalents  $6,278,707 $10,294,834
Restricted cash and cash equivalents  $254,268 $138,709
Investments, at fair value  $248,809,298  $288,242,063
Trades in process  $9,401,095 $9,809,590
Receivables:
       Grants receivable  $44,500 $115,000
       Accrued interest receivable  $4,577 $71,226
       Other receivables  $109,577 $1,685
Notes receivable $3,471,522 $3,397,332
Gift shop inventories $25,440 $18,075
Collections $137,105 $136,903
Property and equipment, net $12,622,340 $7,998,438
Property and equipment held for sale $2,752 $146,618
 TOTAL ASSETS    $289,400,654 $328,609,946

 

 

Liabilities and Net Assets
Liabilities 2022 2021 (restated)
Accounts payable and other liabilities $1,623,511 $731,585
Grants and services payable  $685,801 $24,072
Deferred revenue  $2,300 $2,100
Paycheck protection program loan
Funds held for agencies $12,760,233 $14,872,206
 TOTAL LIABILITIES  $15,071,845 $15,629,963
Net Assets 2022 2021 (restated)
Without donor restrictions
      Undesignated $36,832,464 $37,483,923
      Board restricted:
            Endowment $223,698,395 $261,531,577
            Invested in property and equipment $8,543,682 $8,627,216
With donor restrictions:
Perpetual in nature  $5,000,000  $5,000,000
Purpose restrictions  $254,268 $337,267
      Total Net assets  $312,979,983 $312,979,983
TOTAL LIABILITIES AND NET ASSETS   $289,400,654 $328,609,946