Annual Financial Report

Following is a report of the statement of financial position, statement of activities, assets, and endowed fund report for the fiscal year ending June 30, 2023.

To view the complete list of Fiscal Year 2023 donors, please go to the HaysMed Foundation website –

Statement of Financial Position

AssetsJune 30, 2023June 30, 2022
Investments at Market$41,636,189$39, 075, 756
Pledges Receivable$684,180$710,362
Accrued Earnings$28,167$13,374
Total assets$44,208,019$41,445,063
Liabilities and net assets
Accounts Payable$76,639$30,907
Net Assets$44,131,380$41,414,156
Total liabilities and net assets$44,208,019$41,445,063

Statement of Activities

RevenueJune 30, 2023June 30, 2022
Gifts and Contributions$2,043,115$3,103,244
Earnings on Investments and Royalties$1,775,648$4,592,816
Total revenue$3,818,763$7,696,060
Foundation Supported Activities$1,433,521$1,112,561
Fundraising Activities$98,791$74,611
Operating Expenses$614,129$570,466
Total expenses$2,146,411$1,757,638
Change in net assets from activities$1,672,352$5,938,422