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Statement of Net Position

ASSETS

CURRENT ASSETS

  June 30, 2017 June 30, 2016
Cash and cash equivalents $2,295,369 $2,004,963
Short-term investments $17,990,248 $15,349,442
Accounts receivable, net $21,225 $51,086
Pledges receivable, net $3,231,279 $1,584,895
Prepaid expenses and other assets $1,742 $54,765
     Total $23,539,863 $19,045,151

 

NONCURRENT ASSETS

  June 30, 2017 June 30, 2016
Restricted cash - $181,237
Pledges receivable, net $4,335,269 $4,359,862
Long-term investments $20,526 -
Endowment investments $66,613,450 $56,442,378
      Total $70,969,245 $60,983,477

TOTAL ASSETS

  June 30, 2017 June 30, 2016
TOTAL ASSETS $94,509,108 $80,028,628

LIABILITIES

CURRENT LIABILITIES

  June 30, 2017 June 30, 2016
Accounts payable $87,057 $97,209
Other liabilities $379,949 $343,619
     Total  $467,006 $440,828

NET POSITION

NET POSITION

  June 30, 2017 June 30, 2016
Restricted Nonexpendable - endowments $57,090,813 $50,462,721
Restricted Expendable - Scholarships and fellowships $2,908,097 $3,854,916
Restricted Expendable - Other $24,367,726 $18,882,975
Unrestricted $9,675,466 $6,387,188
TOTAL NET POSITION $94,042,102 $79,587,800

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.