ASSETS
CURRENT ASSETS
| |
June 30, 2016 |
June 30, 2015 |
| Cash and cash equivalents |
$2,004,963 |
$1,113,286 |
| Short-term investments |
$15,349,442 |
$14,332,038 |
| Accounts receivable, net |
$51,086 |
$49,350 |
| Pledges receivable, net |
$1,584,895 |
$1,021,160 |
| Prepaid expenses and other assets |
$54,765 |
$68,808 |
| Total |
$19,045,151 |
$16,584,642 |
NONCURRENT ASSETS
| |
June 30, 2016 |
June 30, 2015 |
| Restricted cash |
$181,237 |
- |
| Pledges receivable, net |
$4,359,862 |
$5,733,582 |
| Endowment investments |
$56,442,378 |
$57,190,877 |
| Total |
$60,983,477 |
$62,924,459 |
TOTAL ASSETS
| |
June 30, 2016 |
June 30, 2015 |
| TOTAL ASSETS |
$80,028,628 |
$79,509,101 |
LIABILITIES
CURRENT LIABILITIES
| |
June 30, 2016 |
June 30, 2015 |
| Accounts payable |
$97,209 |
$28,408 |
| Other liabilities |
$343,619 |
$821,676 |
| Total |
$440,828 |
$850,084 |
NET POSITION
NET POSITION
| |
June 30, 2016 |
June 30, 2015 |
| Restricted Nonexpendable - endowments |
$50,462,721 |
$47,665,480 |
| Restricted Expendable - Scholarships and fellowships |
$3,854,916 |
$2,574,722 |
| Restricted Expendable - Other |
$18,882,975 |
$21,564,624 |
| Unrestricted |
$6,387,188 |
$6,854,191 |
| TOTAL NET POSITION |
$79,587,800 |
$78,659,017 |
The above financial statements were audited by Windes, Inc. The full set of audited financial statements is available upon request. The accompanying notes are an integral part of these financial statements.
