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UNRESTRICTED
TEMPORARILY RESTRICTED
TOTAL
INCOME Contributions Government and Other Grants Program Service Revenues Interest and Dividends TOTAL OPERATING REVENUES & SUPPORT
$2,367,774 $782,408 $1,884,929 $203,353 $5,238,464
$8,508,058 $8,508,058
$2,367,774 $782,408 $10,392,987 $203,353 $13,746,522
EXPENSES Program Expenses Community Media Contemporary Arts Performing Arts Interdisciplinary Art Education
$4,774,587 $428,678 $3,379,604 $94,264 $496,495
$4,774,587 $428,678 $3,379,604 $94,264 $496,495
Support Services Management and General Fundraising
$1,655,430 $390,384
$1,655,430 $390,384
$11,219,442
$11,219,442
TOTAL OPERATING EXPENSES CHANGE IN NET ASSETS FROM OPERATIONS Non-operating Revenue (Expense) Other Grants Other miscellaneous income Unrealized Gain on Investments Depreciation Expense Below the Line Expense Net Assets Released from Restrictions CHANGE IN NET ASSETS NET ASSETS, BEGINNING OF YEAR NET ASSETS, END OF YEAR
$(5,980,978)
$8,508,058
$2,527,080
LIABILITIES Accounts Payable and Accrued Expenses
$468,253
Deferred Revenue
$1,416,128
Accrued Vacation Total Liabilities NET ASSETS Unrestricted: Operating
$2,191,010
$(9,221,242)
$34,639 $(1,110,524) $(68,403) $0
$4,299,486
$(713,184)
$3,586,302
$12,963,623
$14,260,320
$27,223,943
$17,263,109
$13,547,136
$30,810,245
$12,500
$15,873,903
Board Designated Fund
$1,389,206
Total Unrestricted
$17,263,109
Temporarily Restricted $2,191,010 $12,500 $34,639 $(1,110,524) $(68,403) $9,221,242
$198,699 $2,083,080
Total Net Assets TOTAL LIABILITIES & NET ASSETS
$13,547,136 $30,810,245 $32,893,325
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