WPSBC Foundation Annual Report 2025-FINAL - Flipbook - Page 4
2024-2025 Financial Report
STATEMENTS OF FINANCIAL POSITION
JUNE 30, 2025
JUNE 30, 2024
ASSETS
Cash
Investments
Contributions receivable
Receivable from related party
Prepaids and other assets
Total
27,787
369,147,106
165,000
10,334
369,350,227
115,864
344,019,303
300
250
1,000
344,136,717
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable
Payable to related party
Total
2,872
2,450,000
2,452,872
-
NET ASSETS
Net assets without donor restrictions
Net assets with donor restrictions
Total
366,883,727
13,628
366,897,355
344,132,787
3,930
344,136,717
TOTAL LIABILITIES AND NET ASSETS
369,350,227
344,136,717
STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS
FISCAL YEAR ENDED FISCAL YEAR ENDED
JUNE 30, 2025
JUNE 30, 2024
REVENUE, GAINS AND OTHER SUPPORT
Gain on investments
Interest and dividends, net of investment expense
Bequests
Grants, contributions, and other income
Total
25,518,088
6,078,615
1,046,099
115,975
32,758,777
30,206,187
4,924,233
109,091
35,239,511
EXPENSES
Program services
Management and general
Total
9,819,142
178,997
9,998,139
7,264,000
182,829
7,447,029
INCREASE IN NET ASSETS
22,760,638
27,792,482
NOTES
1. Investments 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
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