Fiscal Years Ending April 30, 2017 and 2016

ACGT’s complete 990 form is available for your review and information.

CONDENSED STATEMENTS OF ACTIVITIES 2017 2016
Support and revenue:
  Contributions $893,125 $1,263,856
  Special Events 437,669 0
  Contributed services 674,007 461,802
  Interest and dividend income  90,116  101,788
  Realized and unrealized gains on investments, net  494,223  (362,703)
  Other Income 232,370 0
TOTAL SUPPORT AND REVENUE $2,821,510 $1,464,743
Expenses:
  Program services:
    Research grants and awards $1,070,485 $1,626,508
  Management and general 297,493 219,584
  Fundraising 208,524 154,222
TOTAL EXPENSES $1,576,502 $2,000,314
Decrease in total net assets 1,245,008 (535,571)
Total net assets at beginning of year 3,322,088 3,857,659
TOTAL NET ASSETS AT END OF YEAR $4,567,096 $3,322,088
CONDENSED STATEMENTS OF FINANCIAL POSITION 2017 2016
Assets:
  Cash and cash equivalents $1,604,418 $1,259,779
  Investments, at fair value 4,338,812 3,861,376
  Contributions receivable, net 89,200 0
  Other Assets 14,721 10,633
TOTAL ASSETS $6,047,151 $5,131,788
Liabilities and net assets:
  Liabilities
    Grants payable 1,415,118 1,753,299
    Accrued expenses 64,937 56,401
TOTAL LIABILITIES 1,480,055 1,809,700
TOTAL NET ASSETS 4,567,096 3,322,088
TOTAL LIABILITIES AND NET ASSETS $6,047,151 $5,131,788