Our Finances

Financial transparency

The Compton Foundation practices “all-in philanthropy,” using all of our assets—grants, investment capital, and human resources—to advance our mission. Since 2011, we have built an investment portfolio that aligns our assets with our values. We share our financial information to encourage other foundations to share theirs.

Statement of Financial Position

Year end December 31

ASSETS	2020	2019
Cash and cash equivalents	287,557	346,113
Other receivable	10,207	2,020,661
Prepaid expenses	29,242	35,796
Investments, at fair value (Notes 4 & 5)	29,139,574	30,222,307
Property and equipment, net (Note 7)	11,391	18,691
Program related investment (Note 3)	–	25,000
Security Deposit	10,650	10,650
Intangible Assets	25,288	25,288
TOTAL ASSETS	29,513,909	32,704,506

LIABILITIES	2020	2019
Accounts payable and accrued expenses	138,120	123,592
Grants payable (Note 10)	5,400,000	200,000
Excise Tax Payable	–	–
Deferred federal excise tax (Note 9)	84,942	106,588
TOTAL LIABILITIES	5,623,062	430,180

NET ASSETS	2020	2019
Net assets without donor restrictions	23,890,847	32,274,326

	2020	2019
TOTAL LIABILITIES AND UNRESTRICTED NET ASSETS	29,513,909	32,704,506

Statement of Activities

Year end December 31

INVESTMENT INCOME	2020	2019
Interest and Dividends	342,718	475,039
Realized (losses)/gains on investments	(948,988)	1,802,328
Unrealized gains on investments	2,955,124	1,533,601
Other investment (loss)	(119,075)	(95,496)
Custodial and management fees	(71,601)	(66,253)
Other investment expenses	(613,245)	(882,151)
Net investment income before provision for federal excise tax	1,544,933	2,767,068
Provision for federal excise taxes	21,646	(103,984)
NET INVESTMENT INCOME	1,566,579	2,663,084

EXPENSES	2020	2019
Program Services
Grants	9,144,711	1,872,577
Grants Management	488,147	552,679
Total program services	9,632,858	2,425,256

Supporting Services
Board meetings and support	25,657	162,547
General administration	291,406	169,791
Total supporting services	317,200	332,338
TOTAL EXPENSES	9,950,058	2,757,594

Change in net assets without donor restrictions	(8,383,479)	(94,510)
Net assets without donor restrictions–beginning of the year	32,274,326	32,368,836
Net assets without donor restrictions–end of year	23,890,847	32,274,326

“All-in” Philanthropy

Audre Lorde famously claimed that “The master’s tools will never dismantle the master’s house.” Yet most of philanthropy tries to do exactly that…