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Statement of Net Position

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.