Annual Report: A Year In Review

We raised $677,689 from our capital campaign, and we spent $222,847 on it. This resulted in a positive change in our total net assets of $1,410,237. Combined with our beginning net assets of $3,191,904, this brings our total assets to [Insert Total Assets Here].

Understanding Net Assets and Total Assets

Net assets are a key indicator of an organization’s financial health. They represent the difference between an organization’s assets (what it owns) and its liabilities (what it owes). In our case, the positive change in net assets reflects our successful fundraising efforts and efficient management of our resources.

Total assets encompass all the resources an organization possesses, including cash, investments, property, equipment, and other assets. It’s a broad measure of an organization’s overall wealth. The increase in our total assets indicates that we’ve been able to grow our resources, putting us in a stronger financial position for future endeavors.

Looking Ahead

We’re proud of our capital campaign’s success and the positive impact it has had on our net assets and total assets. This strong financial footing provides us with the resources to continue fulfilling our mission, investing in programs, and making a lasting difference in our community. We remain committed to responsible financial stewardship and maximizing our resources to achieve our goals.