Page 42 - TMCF 2023 Annual Report

Cash Flows from Operating Activities
Change in net assets
Adjustments to reconcile change in net assets to
net cash used in operating activities:
Change in allowance for uncollectible grants and contributions Change in discount on multi-year grants and
contributions receivable
Net realized and unrealized (gain) loss on investments Donated stocks
Contributions restricted for endowment
Amortization of right-of-use asset – operating lease
Change in operating assets and liabilities: (Increase) decrease in:
Accounts receivable
Government grants receivable Grants and contributions receivable Prepaid expenses and other assets Deferred compensation asset
Increase (decrease) in:
Accounts payable and accrued expenses Deferred revenue
Lease liability – operating lease Deferred compensation liability
Net cash used in operating activities
Cash Flows from Investing Activities
Purchase of investments
Proceeds from sale of investments Receipts on notes receivable
Net cash used in investing activities
Cash Flows from Financing Activity
Contributions restricted for endowment
Net cash provided by financing activity
Net Decrease in Cash and Cash Equivalents Cash and Cash Equivalents, beginning of year Cash and Cash Equivalents, end of year
Supplementary Disclosure of Non-Cash Operating and Financing Activities
Establishment of right-of-use asset – operating lease Write-off of deferred rent
Donated stocks
See accompanying notes.
$
2023 7,396,388
1,418,468
573,118 (2,396,168) (19,756) (300,000)
307,484
(10,630) 464,473
(18,027,940) (44,061) (334,572)
117,786 (238,799) (448,768) 334,572
(11,205,187)
(8,047,697) 6,531,839 -
(1,515,858)
300,000
300,000 (12,421,045)
61,574,459 49,153,414
-
- 19,756
$
2022 (9,001,256)
(210,420)
- 6,831,087
(143,311) -
421,431
5,900 (89,498) (298,063)
565,598 (1,872,887)
50,507 (19,875) (317,176)
1,872,887
(2,205,076)
(33,220,445) 32,425,985 25,000
(769,460)
-
- (2,974,536)
64,548,995 61,574,459
1,192,784 79,267 143,311
Thurgood Marshall College Fund and Affiliates
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2023 and 2022
$
$ $ $
$
$ $ $
42 2023 ANNUAL REPORT
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