2020 ANNUAL REPORT
FINANCIAL OVERVIEW
At the end of 2019, Chambers Fund changed its accounting period to a calendar year, with 2020 being the foundation’s first full year on this new schedule. All previous annual reports were based on a FYE of November 30.
Assets and Net Assets – Income Tax Basis
For the Year Ended December 31, 2020
ASSETS | ||
Cash and Cash Equivalents | $5,238,688 | |
Investments at Cost | $29,619,497 | |
Museum Building and Land (net of $2,226,106 in accumulated depreciation) |
$31,688,786 | |
TOTAL ASSETS | $66,546,971 | |
UNRESTRICTED NET ASSETS | $66,546,971 | |
FAIR MARKET VALUE OF ASSETS | $79,384,422 |
Revenues, Expenses and Other Changes in Net Assets
Income Tax Basis For the Year Ended December 31, 2020
REVENUES | $3,645,845 | |
EXPENSES | ||
Grants Paid | $3,365,730 | |
Other Program or Administrative | $41,287 | |
Museum Building Depreciation | $861,719 | |
Investment | $61,211 | |
Excise Taxes | $44,500 | |
TOTAL EXPENSES | $4,374,447 | |
EXCESS (DEFICIT) OF REVENUES OVER EXPENSES | ($728,602) |