Amarillo Area Foundation, Inc.
| Assets |
2024 |
2023 (restated) |
| Unrestricted cash and cash equivalents |
$7,189,388 |
$5,057,931 |
| Restricted cash and cash equivalents |
$57,176 |
$219,325 |
| Investments, at fair value |
$285,281,992 |
$274,559,551 |
| Trades in process |
$3,297 |
$59,451 |
| Receivables: |
|
|
| Grants receivable |
$3,034 |
$18,500 |
| Accrued interest receivable |
– |
$152,240 |
| Other receivables |
$4,753 |
$115,090 |
| Notes receivable |
$228,185 |
$3,438,081 |
| Gift shop inventories |
$30,700 |
$25,556 |
| Other Assets |
$161,066 |
$98,478 |
| Collections |
$8,070,179 |
$8,079,179 |
| Property and equipment, net |
$16,997,588 |
$17,254,190 |
| TOTAL ASSETS |
$318,311,424 |
$309,048,870 |
Liabilities and Net Assets
| Liabilities |
2024 |
2023 (restated) |
| Accounts payable and other liabilities |
$496,890 |
$1,258,025 |
| Grants and services payable |
$118,551 |
$72,020 |
| Deferred revenue |
$2,500 |
$2,320 |
| Paycheck protection program loan |
– |
$119,023 |
| Funds held for agencies |
$14,408,864 |
$13,717,763 |
| TOTAL LIABILITIES |
$15,026,805 |
$15,169,151 |
|
|
|
| Net Assets |
2024 |
2023 (restated) |
| Without donor restrictions |
|
|
| Undesignated |
$34,898,495 |
$36,886,992 |
| Board restricted: |
|
|
| Endowment |
$255,000,503 |
$243,263,623 |
| Invested in property and equipment |
$8,328,445 |
$8,429,779 |
| With donor restrictions: |
|
|
| Perpetual in nature |
$5,000,000 |
$5,000,000 |
| Purpose restrictions |
$57,176 |
$299,325 |
| Total Net assets |
$303,284,619 |
$293,879,719 |
| TOTAL LIABILITIES AND NET ASSETS |
$318,311,424 |
$309,048,870 |
