Statement of Activities Fiscal Year Ending June 30, 2023 Revenue Foundations $ 2,500 Government – Individuals 5,128 Investment Income 1,505,818 TOTAL REVENUE 1,513,446 Expenses Project Design/Planning/Engineering $ 6,102,092 Programs/Outreach 1,252,688 Project Construction 896,344 Administration 335,263 Facilities 88,239 Fundraising 62,007 TOTAL EXPENSES 8,736,633 Statement of Financial Position Fiscal Year Ending June 30, 2022 Assets Cash and Cash Equivalents $33,417,014 Accounts Receivable – Investments 2,740,848 Prepaid Expenses and Deferred Costs 4,795,966 Property and Equipment, net 38,191 Land Areas, at cost 4,900,674 TOTAL ASSETS 45,892,693 Liabilities Accounts Payable and Accrued Expenses 2,091,351 Capital Lease and Loan Obligations – TOTAL LIABILITIES 2,091,351 Net Assets Operating Net Assets – Program Related Investments in Land Areas, at cost 4,900,674 Operating Reserve Fund 2,890,848 Donor Restricted Net Assets 36,009,820 TOTAL NET ASSETS 43,801,342 1 In FY22, New York State allocated $20m to construct the Hudson Highlands Fjord Trail Breckneck Bridge in the NYS OPRHP Capital Budget. NYS OPRHP is managing this portion of the project 2 Includes investment activity (operating and non-operating) 3 Includes contributions for the HHFT capital project, organizational operating, and operating reserve fund 1 2 3
