Financial Statements

2021
ASSETS
Cash and cash equivalents	$5,797,430
Receivables, net	7,771,092
Promises to give, net	90,000
Prepaid expenses and other	1,431,968
Inventory, net	687,584
Investments	17,637,532
Property and equipment, net	3,026,434
TOTAL ASSETS	$36,442,040
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts payable	$4,046,620
Accrued expenses	2,665,425
Severance payable	2,565,894
Deferred revenue	5,682,204
Capital lease obligations	144,341
Deferred rent	1,211,911
Line of credit	2,950,000
Loans payable	1,222,000
Total liabilities	20,488,395
NET ASSETS
Without donor restrictions	14,061,750
With donor restrictions	1,891,895
Total net assets	15,953,645
TOTAL LIABILITIES AND NET ASSETS	$36,442,040

Statement of Activities
Year Ended September 30, 2021

Without Donor Restrictions		With Donor Restrictions	Total
SUPPORT AND REVENUE
Grants and contracts	$31,296,039	$ -	$31,296,039
Fees for services	12,119,062	-	12,119,062
Forgiveness of paycheck protection program loan	1,284,600		1,284,600
Employee retention tax credit	1,753,045		1,753,045
Contributions	21,305	1,902,484	1,923,789
Investment income	2,769,844	-	2,769,844
Other	38,895	-	38,895
Net assets released from restrictions	1,622,039	(1,622,039)	-
Total support and revenue	50,904,829	280,445	51,185,274
EXPENSES
Program Services:
Field offices	24,955,253	-	24,955,253
Exchange programs	12,614,984	-	12,614,984
Other programs	1,100,854	-	1,100,854
Total program services	38,671,091	-	38,671,091
Supporting services	10,969,224	-	10,969,224
Total expenses	49,640,315	-	49,640,315
CHANGE IN NET ASSETS	1,264,514	280,445	1,544,959
NET ASSETS
Beginning	12,797,236	1,611,450	14,408,686
Ending	$14,061,750	$1,891,895	$15,953,645