FINANCIAL REPORT STATEMENT OF FINANCIAL POSITION For the year ended on December 31, 2018
ASSETS Cash and cash equivalents Cash - donor restricted Cash - board designated Accounts receivable Prepaid expenses Promised to give, less present value discount Inventory Investments Property and equipment - net Art collection Deposits TOTAL ASSETS LIABILITIES Accounts payable Sales tax payable Deferred revenue Accrued vacation payable Note payable Construction contract payable TOTAL LIABILITIES NET ASSETS Without donor restrictions With donor restrictions TOTAL NET ASSETS TOTAL LIABILITES AND NET ASSETS
2018 $ 1,192,800 234,338 149,842 164,825 17,525 1,791,411 114,238 472,225 997,836 2,545,896 3,700
2017 $ 982,441 233,753 500,143 52,548 18,499 1,232,171 164,417 508,851 763,017 2,425,896 3,700
$ 7,684,636
$ 6,885,436
$ 362,632 160,720 57,960 246,196 -
$134,628 3,750 191,798 39,057 500,632
$ 827,508
$ 869,865
$ 5,720,171 1,136,957
$ 4,698,992 1,316,579
6,857,128
6,015,571
$7,684,636
$ 6,885,436
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