Financial Statements
Summaried Statement of Position
As of June 30, 2021
| Assets | |
|---|---|
| Cash & Investments | $26,615,290 |
| Receivables & Prepaid Expenses | $1,738,105 |
| Fixed assets | $101,797 |
| Total Assets | $28,455,192 |
| Liabilities and Net Assets | |
|---|---|
| Total Liabilities | $2,626,079 |
| Without Donor Restrictions | $4,290,026 |
| With Donor Restrictions | $21,539,087 |
| Total Net Assets | $25,829,113 |
| Total Liabilities and Net Assets | $28,455,192 |
Summaried Statement of Activities
For the twelve months ending June 30, 2020
| Revenue/support | |
|---|---|
| Gifts, Grants, & Sponsorships to The Mind Trust | $25,595,772 |
| Grants for Partner Organizations | |
| Government Grants | $492,100 |
| Interest & Dividends | $71,201 |
| Total revenue and support | $26,159,073 |
| Expenditures | |
|---|---|
| The Mind Trust's Programs and Investments in Partner Organizations | $20,943,526 |
| Management & General | $703,089 |
| Fundraising | $361,145 |
| Total expenses | $22,007,760 |
Vendor diversity
Pursuing antiracism means everything we do must be analyzed, right down to where each dollar goes when it leaves us. Last year, The Mind Trust conducted an internal audit to better understand where our money is spent and whether or not the use of our finances exemplified a pursuit of equity. We found that 26% of our spending supported businesses and organizations led by people of color.
Upholding our DEI principals meant improving that number and moving toward greater equity resulting from our financial decisions. Since quantifying that 26% baseline, in just one year The Mind Trust increased our total funds spent with organizations led by people of color to 36%. We are incredibly proud of that 10% increase even as we recognize more work remains.