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.