Page 53 - TMCF 2024 Annual Report

Cash Flows from Operating Activities
Change in net assets
Adjustments to reconcile change in net assets to net
cash provided by (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 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 Security deposit
Increase (decrease) in:
Accounts payable and accrued expenses Deferred revenue
Lease liability – operating lease Deferred compensation liability
Net cash provided by (used in) operating activities
Cash Flows from Investing Activities
Purchase of investments
Proceeds from sale of investments
Net cash used in investing activities
Cash Flows from Financing Activity
Contributions restricted for endowment
Net cash provided by financing activity
Net Increase (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 Activity
Donated stocks
$
2024
20,348,386
3,581,430
536,054 (2,304,380) (40,969) (150,000)
370,567
(847,758) 1,546,886
(1,657,794) 44,061
(80,608) -
(973,480) -
(403,858) 80,608
20,049,145
(10,634,921) 9,532,672
(1,102,249)
150,000
150,000 19,096,896 49,153,414 68,250,310
40,969
$
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)
3,218
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
Thurgood Marshall College Fund and Affiliates
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2024 and 2023
$ $
$ $
See accompanying notes.
9
THURGOOD MARSHALL COLLEGE FUND 53