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Marrowstone Island Foundation Financial Data

This page contains five tables which provide details of the financial status of the foundation. Each table can be viewed by clicking on the appropriate link below. If you have any questions about the data presented, please contact the Treasurer by email to marrowstoneislandfoundation@gmail.com.


Table 1 - Summary of MIF Checking Accounts Go to Table 1

Table 2 - MIF Checking Account Detail Go to Table 2

Table 3 - Marrowstone Tee Shirts Account Detail Go to Table 3

Table 4 - MIF Investment Account Detail Go to Table 4

Table 5 - Funds by Category Go to Table 5


Table 1

Marrowstone Island Foundation - Summary of MIF Checking Accounts
Treasurer's Report for Board Year 2019 - 2020


Quarter 1 Quarter 2 Quarter 3 Quarter 4

Apr - Jun Jul - Sep Oct - Dec Jan - Mar
CHECKING ACCOUNTS
Kitsap Bank - MIF Account
Beginning Balance $20,956.24 $20,668.08 $82,184.50
Income $37.02 $62,341.79

Expenses ($325.18) ($825.37)

Ending Balance $20,668.08 $82,184.50


Kitsap Bank - Marrowstone Tee Shirts Account
Beginning Balance $351.87 $364.94 $728.09
Income $386.00 $1,104.00

Expenses ($372.93) ($740.85)

Ending Balance $364.94 $728.09


TOTAL CASH $21,033.02 $82,912.59


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Table 2

Marrowstone Island Foundation - MIF Checking Account Detail
Treasurer's Report for Board Year 2019 - 2020


Quarter 1 Quarter 2 Quarter 3 Quarter 4

Apr - Jun Jul - Sep Oct - Dec Jan - Mar

Kitsap Bank - Marrowstone Island Foundation Account
Beginning Balance $20,956.24 $20,668.08

Income



     Amazon SMILE Proceeds $37.02 $28.11

     Shirt Sale Proceeds
$500.00

     CPR Class Proceeds
$60.00

     Unrestricted Donations



        Alternative Shirt Sales
$30.00


     Restricted Donations



        Fire House Fund
$8,000.00


        Lisa Painter Endowment
$52,723.68


Expenses



     Administrative Expenses ($164.16)



     Land Trust Work Party ($161.02)



     Fire Station Work Party
($75.37)


     CPR/AED Classes
($116.00)


     Insurance
($634.00)


Ending Balance $20,668.08
$82,184.50


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Table 3

Marrowstone Island Foundation - Marrowstone Tee Shirt Account Detail
Treasurer's Report for Board Year 2019 - 2020


Quarter 1 Quarter 2 Quarter 3 Quarter 4

Apr - Jun Jul - Sep Oct - Dec Jan - Mar

Kitsap Bank - Marrowstone Tee Shirts Account
Beginning Balance $351.87 $364.94 $728.09
     Income



         MI Shirt Sales $386.00 $1,104.00

     Expenses



         Shirts, Silk-screening ($372.93) ($240.85)

         Donation to MIF
($500.00)

Ending Balance $364.94 $728.09

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Table 4

Marrowstone Island Foundation - Investment Account Detail
Treasurer's Report for Board Year 2019 - 2020


Quarter 1 Quarter 2 Quarter 3 Quarter 4

Apr - Jun Jul - Sep Oct - Dec Jan - Mar
INVESTMENT ACCOUNTS
USAA Portfolio Account



     Beginning Value $113,631.00 $116,522.00

     Change in Value $2,891.00 $869.93

     Ending Value $116,522.00 $117,391.93


Certificates of Deposit



     Beginning Value



     Change in Value



     Ending Value




TOTAL INVESTMENT VALUE $116,522.00 $117,391.93

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Table 5

Marrowstone Island Foundation - Funds by Category
Unrestricted Funds versus Restricted Funds

TOTAL MONETARY ASSET VALUE
CASH:
     Kitsap Bank - MIF Checking Account $82,184.50
          Less Commitment to Fire House Fund ($10,000.00)
     Kitsap Bank - Tee Shirt Account $728.09

INVESTMENTS:
     USAA Portfolio $117,391.93
     Certificates of Deposit $0.00
   Total Monetary Asset Value $190,304.52

RESTRICTED FUNDS ("Endowment" and donations for investment only
     Initial MEMS "Endowment" restricted to investment only $109,568.13
     Additional "endowment" donations
          7/10/18 - Collins (Capital Fund) $50.00
          2019 (TBD) - Lisa Painter Estate Donation $53,723.68
     Total Restricted Funds ($163,341.81)

UNRESTRICTED FUNDS VALUE (Total Monetary Assets less Total Restricted): $26,962.71

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