WPSBC Annual Report 2024-2025 - Flipbook - Page 35
2024-2025 FINANCIALS
Statements of Financial Position
JUNE 30, 2025
JUNE 30, 2024
ASSETS
Cash and cash equivalents
Receivables
Investments
Trusts
Net property and equipment
Other assets
5,686,044
3,547,896
25,379,873
25,582,208
28,952,713
873,381
5,385,284
1,107,727
23,739,214
23,037,293
29,392,201
790,957
Total
90,022,115
83,452,676
LIABILITIES AND NET ASSETS
Payables
Accrued wages and expenses
Net assets without donor restrictions
Net assets with donor restrictions
590,887
7,481,872
48,175,694
33,773,662
1,049,864
7,222,824
44,794,473
30,385,515
Total
90,022,115
83,452,676
The 2024-2025
Foundation Annual
Report is available on
our website. Scan the
QR code below.
Statements of Activities
and Changes in Net Assets
FISCAL YEAR ENDED
JUNE 30, 2024
REVENUE, GAINS AND OTHER SUPPORT
Commonwealth of Pennsylvania
School Districts and Intermediate Units
Grants, contributions, and other income
Net investment income and gains
Change in value of trusts
16,921,911
9,539,443
14,334,421
3,572,262
3,051,352
15,915,669
9,112,956
11,603,413
3,587,742
2,525,735
Total
47,419,389
42,745,515
EXPENSES
Salaries and benefits
Contracted services
Operations and depreciation
Supplies and other expenses
28,535,807
5,642,510
2,927,461
3,544,243
26,614,160
4,879,681
2,533,945
2,705,615
Total
40,650,021
36,733,401
NET GAIN (LOSS)
6,769,368
6,012,114
NOTES
1. Investments and funds
held in trust are stated
at market value
2. The June 30, 2025
financial statements
were audited by
Grossman, Yanak &
Ford, Certified Public
Accountants
2024-2025 Annual Report
Western Pennsylvania School for Blind Children
FISCAL YEAR ENDED
JUNE 30, 2025
35
