CHIP 2020-2021 Annual Report

GIFTED GOVERNANCE

Our financial health for the fiscal year ending June 30, 2021

FISCAL YEAR

2020-21

2019-20

CURRENT ASSETS Cash

$235,561 140,303 160,302

$288,945 179,303 140,530

Current Pledges & Grants Receivable Third-Party Receivables & Other AR

Other Current Assets

18,988

3,522

TOTAL CURRENT ASSETS

$555,154

$612,301

Donations support these programs: Asthma Case Management Oral Health Family Strengthening Services Health Care Coordination Medically Needy & NICU Case Management Pregnant Moms Program Mental Health Counseling

Investments in Marketable Securities Non-Current Pledges Receivable Fixed Assets (less Accumulated Depreciation)

2,349,380

1,815,078

10,000

12,500

1,548,574

1,613,757

Total Non-Current Assets

$3,907,954 $4,463,108

$3,441,335 $4,053,636

TOTAL ASSETS

CURRENT LIABILITIES Accounts Payable & Payroll Liabilities

166,072 46,841

114,391 46,626

Other Current Liabilities TOTAL LIABILITIES NET ASSETS Undesignated Funds

$212,913

$161,017

1,857,447 2,349.380

1,983,159 1,815.078

Board-Designated Endowment Funds with Donor Restrictions

43,368

94,381

TOTAL NET ASSETS

$4,250,195 $3,892,618

LIABILITIES AND NET ASSETS TOTAL

$4,463,108 $4,053,636

Ratios of Financial Efficiency Revenue to Expenses Ratio: 65% Unrestricted Contributions..... $1,284,536 Total Revenue......................... $1,983,527 Of CHIP’s overall revenue, over half of the revenue is in unrestricted contributions (General contributions, United Way, Third-Party Reimbursement). This shows that we are funded by a diverse mix of revenue sources. CHIP fulfills donor expectations when we allocate most of our budget toward our charitable mission. Charities

Program to Total Expenses Ratio: 85% Program Expenses ................. $1,337,425 Total Expenses ....................... $1,574,938 that consistently underspend on their programs do not have as strong an impact on their charitable mission. This ratio should be no less than 70% for a properly managed organization (higher is better). CHIP excels in this area as we are spending 85% of our total functional expenses directly toward our programs.

6

CHIP OF ROANOKE VALLEY MAKES THE MOST OF EVERY GIFT

CHIPRV.ORG