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HCC Main Campus
10901 Little Patuxent Parkway
Columbia MD, 21044
Laurel College Center
312 Marshall Avenue, Suite 205
Laurel, MD 20707
Training & Development Solution
Maryland Innovation Center
6751 Columbia Gateway Drive
Columbia MD 21046
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Background
 
 

Statement of Financial Position

HCCEF Statement of Financial Position

As of June 30, 2019 (audited)

ASSETS

AssetAmount
Cash and cash equivalents$437,623
Investments$12,977,742
Interest in irrevocable trust$132,971
Contributions receivable, net$327,482
Prepaid expenses and other assets$22,095
TOTAL ASSETS$13,897,913

 

LIABILITIES AND NET ASSETS

LiabilitiesAmount
Accounts payable and sales tax payable$893
Due to Howard Community College$62,304
Deferred revenue$91,200
TOTAL CURRENT LIABILITIES$154,397

 

Net AssetsAmount
Without Donor Restrictions$1,905,973
With Donor Restrictions$11,837,543
TOTAL NET ASSETS$13,743,516

 

TOTAL LIABILITIES AND NET ASSETS: $13,897,913
 

*Endowed assets total $10,798,149

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