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 – haysmedfoundation.org.
Statement of Financial Position
| Assets | June 30, 2023 | June 30, 2022 |
| Cash | $1,859,483 | $1,645,571 |
| 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
| Revenue | June 30, 2023 | June 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 |
| Expenses | ||
| 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 |
