1. Friends of the Bosque del Apache NWR
Financial Report
Prepared by Mary Ruff, Treasurer

3. Statement of Financial Position
Assets
Year ending 3/31/2018
Year ending 3/31/2017
Current Assets
349,308
416,786
Investments
199,248
121,897
Property and Equipment
14,839
13,157
Total
563,395
551,840
The important thing to notice on this slide is that our overall assets increased from last year. We have increased investments and are keeping less cash on hand.

4. Statement of Financial Position
Liabilities and Net Assets
Year ending 3/31/2018
Year ending 3/31/2017
Current Liabilities
25,454
23,143
Net assets-Unrestricted
373,430
392,962
-Temporarily restricted
118,076
89,316
-Permanently restricted
46,435
46,419
Total Net assets
537,941
528,697
Total liabilities and net assets
563,395
551,840
Current Liabilities are payroll and a few bills that carried over at the close of the fiscal year.
Permanently restricted funds are the Cheryl and Emerson Learn bus scholarship fund. The agreement when this money was donated was that it would not be touched until the fund reached $100,000. Currently the friends are supporting the bus scholarship program out of general funds. However, Deb is negotiating a new agreement so that some of this capital can be used to support the bus scholarship program.
Temporarily restricted funds are monies where the donor has requested that they be used for a specific purpose. Some of those purposed are: Pollinator program, Langemann gate, youth hunt, VC Children’s corner. Sometimes restricted funds can end up being a lot of trouble. Unless the agreement is carefully written left over money can get stranded. For example, years ago money was given for a Bosque book. That project is over but the donors cannot be found to release the money for another use. Deb is working on cleaning up these stranded funds.

5. Where our money comes from (Net Income)
Nature Store
Last year was particularly bad for FOC. Yet it is only in the past 4 years that festival made substantial money. This increase was due to adding the Expo tent and expanding the photo programs. It’s purpose is not to be a money raiser. Also, long time members may remember when the Nature Store was a cash cow. The Friends now have to pay for all of the store staff and so now the Nature Store turns a small but reliable profit. Potential for growth lies with Memberships, Donations and grants. Increasing administrative staff as we did last year is necessary for growth in those areas.

6. How we spend our money
According to the National Council of Nonprofits the usual range of overhead costs are 25-35% (we are at 23.4%.) Is a lower overhead percentage better? No! It is important not to starve our organization of the resources it need to improve and expand. Reasonable overhead allows us to hire the best staff possible, it allows us to implement strong infrastructure so that donors know that their money is being used effectively, it gives us the ability to pursue grants and donations. Our plan is to expand the pie.