15
Financials Fundraising; 0.9% Management and General; 8.7%
Private; 10.1% City; 14.5%
DISTRIBUTION OF FUNDING
State; 18.4%
Youth Program Services; 90.4%
SOURCES OF FUNDING
Federal; 57.0%
Last year, 88% of funds supported the development, implementation and supports needed to provide opportunities to young people.
Statement of Financial Position
ASSETS Current Assets Cash $ 5,014,329 Grants and contracts receivable 4,719,113 Prepaid expenses 18,344 Other current assets 116,062 Total Current Assets 9,867,848 Property and equipment - Net 453,803 Security deposits 47,410 Total Assets $ 10,369,061
PYN blends and braids funding from local and national investors included businesses, philanthropy, individuals and multiple sources of public funding.
LIABILITIES AND NET ASSETS Current Liabilities Accounts payable, subcontractors
325,149
Accrued expenses
771,667
Deferred revenue
2,134,207
Total Current Liabilities
Net assets without donor restrictions Net assets with donor restrictions Total Liabilities and Net Assets
Support and Revenues Grants and contracts Contributions Other fees Interest income
Total Support and Revenues Net assets released from restriction Total
6,019,226
Net Assets
Total Net Assets
Statements of Activities and Changes in Net Assets
$ 2,788,203
Accounts payable, other
3,598,100 751,735 4,349,835 $ 10,369,061
Operating Expenses $ 18,400,989 1,323,294 268,511 10 19,992,804 0 $ 19,992,804
Youth program services Management and general Fundraising Total Operating Expenses
$ 16,601,009 2,119,869 195,440 18,916,318
Change in net assets
1,076,486
Net assets, beginning of year
3,273,349
Net Assets, End of Year
$ 4,349,835
As of June 30, 2019. Complete copies of the Independent Auditors’ Reports and Financial Statements are available upon request: info@pyninc.org.