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Statement of Net Position

ASSETS

CURRENT ASSETS

  June 30, 2015 June 30, 2014 (As Restated)
Cash and cash equivalents $1,113,286 $11,820,142
Short-term investments $14,332,038 $936,717
Accounts receivable, net $49,350 $167,686
Pledges receivable, net $1,021,160 $1,791,552
Prepaid expenses and other assets $68,808 $103,213
     Total $16,584,642 $14,819,310

 

NONCURRENT ASSETS

  June 30, 2015 June 30, 2014 (As Restated)
Pledges receivable, net $5,733,582 $3,113,620
Endowment investments $57,190,877 $57,000,071
      Total $62,924,459 $60,113,691

TOTAL ASSETS

  June 30, 2015 June 30, 2014 (As Restated)
TOTAL ASSETS $79,509,101 $74,933,001

LIABILITIES

CURRENT LIABILITIES

  June 30, 2015 June 30, 2014 (As Restated)
Accounts payable $28,408 $301,906
Other liabilities $821,676 $1,105,390
     Total  $850,084 $1,407,296

NET POSITION

NET POSITION

  June 30, 2015 June 30, 2014 (As Restated)
Restricted Nonexpendable - endowments $47,665,480 $44,963,041
Restricted Expendable - Scholarships and fellowships $2,574,722 $3,580,863
Restricted Expendable - Other $21,564,624 $18,238,916
Unrestricted $6,854,191 $6,742,885
TOTAL NET POSITION $78,659,017 $73,525,705

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.