FINANCIAL REPORT

STATEMENT OF FINANCIAL POSITION For the year ended on December 31, 2018

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 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 ASSETS

TOTAL ASSETS $ 7,684,636 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

$ 6,885,436

LIABILITIES Accounts payable Sales tax payable Deferred revenue Accrued vacation payable Note payable Construction contract payable

TOTAL LIABILITIES $ 362,632 - 160,720 57,960 246,196 -

$ 827,508

NET ASSETS Without donor restrictions With donor restrictions

TOTAL NET ASSETS

TOTAL LIABILITES AND NET ASSETS $ 5,720,171 1,136,957

6,857,128

$7,684,636 $134,628 3,750 191,798 39,057 - 500,632

$ 869,865

$ 4,698,992 1,316,579

6,015,571

$ 6,885,436

FINANCIAL REPORT

STATEMENT OF ACTIVITIES For the year ended on December 31, 2018 SUPPORT, OTHER REVENUES AND RECLASSIFICATIONS Contributions, less discounts Grants Memberships Special event revenue Admissions Gift shop sales Sculpture for New Orleans revenue Other revenues Investment (loss), net Net assets released from restrictions WITHOUT DONOR RESTRICTIONS $2,200,580 226,000 214,708 1,161,525 329,437 223,933 191,391 195,323 (40,597) 151,232 WITH DONOR RESTRICTIONS $ (66,890) 38,500 - - - - - - - (151,232)

TOTAL SUPPORT, OTHER REVENUES AND RECLASSIFICATIONS $4,853,532 $(179,622) TOTAL $ 2,133,690 264,500 214,708 1,161,525 329,437 223,933 191,391 195,323 (40,597) -

$4,673,910

EXPENSES Program services Supporting services Management and general fundraising

TOTAL EXPENSES $2,663,174 985,286 183,893

3,832,353 -

CHANGE IN NET ASSETS

NET ASSETS, BEGINNING OF YEAR 1,021,179

4,689,992

NET ASSETS, END OF YEAR $5,270,171 (179,622)

1,316,579

$1,136,957 $2,663,174 985,286 183,893

3,832,353

841,557

6,015,571

$6,857,128