FY2019 Financials – Income & Expense charts

Note: This information is extracted from the 2019 Annual Report and is presented here for convenience.

The East European Folklife Center has an operating surplus of $1,000 as of September 30, 2019, as compared to a budgeted deficit of just under $11,000.

• We ended the year with assets of roughly $196,000 compared with $160,000 in FY18.
• We received Nest Egg (Endowment) and Crum/Kef Scholarship donations of $936 and $22,662, respectively.
• We also received a total of $35,345 from a bequest from Susan Anderson and gifts from her family and friends for a new scholarship fund. Additional gifts of $3,165 were received after the end of the fiscal year for a total of just over $38,500.

This gives us a combined total of $58,943 in restricted income in FY19 which is not included in the graphs showing annual operating income. On the graph for income, gifts for scholarships are included in the year in which the awards are made, not in the year in which the gifts were given. The endowment is invested in no-fee, no-load market index funds and is not included in the annual operating funds graphs.

Read the FY18 report here, the FY17 report here, and the FY16 report here.