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Statement of Net Position

ASSETS

CURRENT ASSETS
  June 30, 2014 June 30, 2013
Cash and cash equivalents $11,820,142 $7,467,064
Short-term investments $936,717  
Accounts receivable, net $167,686 $590,155
Pledges receivable, net $1,791,552 $1,085,946
Prepaid expenses and other assets $103,213 $137,616
     Total $14,819,310 $9,280,781

 

NONCURRENT ASSETS
  June 30, 2014 June 30, 2013
Pledges receivable, net $2,573,670 $2,606,054
Endowment investments $57,000,071 $50,528,887
      Total $59,573,741 $53,134,941
TOTAL ASSETS
  June 30, 2014 June 30, 2013
TOTAL ASSETS $74,393,051 $62,415,722

LIABILITIES

CURRENT LIABILITIES
  June 30, 2014 June 30, 2013
Accounts payable $301,906 $16,866
Other liabilities $1,105,390 $201,199
     Total  $1,407,296 $218,065

NET POSITION

NET POSITION
  June 30, 2014 June 30, 2013
Restricted Nonexpendable - endowments $44,963,041 $43,262,228
Restricted Expendable - Scholarships and fellowships $3,583,863 $4,323,555
Restricted Expendable - Other $19,556,912 $10,649,781
Unrestricted $4,881,939 $3,962,093
TOTAL NET POSITION $72,985,755 $62,197,657

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.