Page 22 - United Way 2020 Brochure

Financials As of December 31, 2019

Condensed Statement of Financial Position
ASSETS 2019
Cash and cash equivalents $18,922,822
Due from agencies 28,989
Campaign pledges receivable – net 29,811,801
Grants receivable 6,832,566
Endowment receivables 114,779
Other current assets 1,127,022
Cash surrender value of life insurance 4,082,719
Long-term investments 34,765,570
Long-term pledges receivable 2,674,749
22 Investment property 1,165,000
Property and equipment – net 9,577,040
TOTAL ASSETS $109,103,057

LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable and accrued expenses 5,072,909
Due to agencies 6,709,640
Due to other United Way organizations 2,124,621
Pension and postretirement benefits 5,056,847
Other liabilities 4,472,273
TOTAL LIABILITIES 23,436,290
NET ASSETS The condensed statements of financial position and
Net assets without donor restrictions 43,459,105 activities were derived from the audited consolidat-
ed and combined financial statements of United
Net assets with donor restrictions 42,207,662 Way of Central Alabama, Inc. and Subsidiaries and
TOTAL NET ASSETS 85,666,767 Affiliates as of and for the year ended December 31,
2019, which were audited by Warren Averett, LLC.
TOTAL LIABILITIES AND NET ASSETS $109,103,057 A complete copy is available at www.uwca.org.