2018 Operating Profit and Loss
INCOME
2017
2018
GRANTS AND CONTRIBUTIONS $ 2,043,501 $ 2,218,000
PROGRAM SERVICE $ 1,967,663 $ 2,041,035
SPECIAL EVENTS $ 1,404,477 $ 1,379,232
APPROPRIATIONS/MISCELLANEOUS INCOME $ 320,961 $ 161,913
TOTAL INCOME $ 5,736,602 $ 5,800,180
NORMALIZATION – FULL ENDOWMENT DRAW* $ — — — $ 186,042
NORMALIZED INCOME $ 5,736,602 $ 5,986,222
WORKSHOPS $ 2,009,364 $ 2,181,016
SERVICES $ 837,790 $ 980,403
RESIDENCY $ 41,135 $ 25,374
MANAGEMENT AND GENERAL $ 1,718,669 $ 1,894,759
FUNDRAISING $ 818,166 $ 874,128
TOTAL EXPENSES $ 5,425,124 $ 5,955,680
NET INCOME $ 311,478 $ 30,542
EXPENSES
2018 Balance Sheet
ASSETS
NET REALIZED/UNREALIZED GAINS (LOSSES)** $ ($657,832)
INSERT AND DIVIDENDS, NET OF FEES $ $148,171
LOSS ON UNCOLLECTIBLE PLEDGES $ ($3,150)
APPROPRIATIONS FOR EXPENDITURE $ ($158,958)
CHANGE IN NET ASSETS NON OPERATING $ ($671,769)
CHANGE IN NET ASSETS $ ($827,269)
NET ASSETS | BEGINNING OF 2018 $ 14,909,888
NET ASSETS | END OF 2018 $ 14,082,619
*The Ranch historically draws 5% off the permanent endowment to fund operations, primarily to fund scholarships. These
scholarships were provided in 2018 but only a partial draw on endowment funds was made during that period. The $186,042
normalization provides accurate comparisons to prior periods. “Total Change in net assets before nonoperating activities”
shown in the Ranch 2018 audited GAAP Statement of Activities equals the net income shown on this page minus the normalized
$186,042.
**A significant drop in the financial markets in December 2018 created unrealized losses of approximately $580,000 in our long
term investments. The first quarter 2019 market recovery regained these losses.
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