J A N U A R Y 2 0 0 3/V O L U M E1 2,N U M B E R2
Endowment Performance Summary
Period
Total Return
1 year
-7.43%
3 year
-2.79%
5 year
4.11%
10 year
10,35%

 

Balance Sheet
Unaudited, June 30, 2002
Assets
Cash & Cash Equivalents
$3,464,278
Accounts Receivables
1,121,702
Prepaid expenses & other current assets
91,265
Long-term investments
14,965,038
Pledges receivable
2,013,793
Property, plant & accumulated
equipment, net of depreciation
14,086,043
Artwork collections
678,202
Total Assets
$36,420,321
0
Liabilities and Net Assets
Accounts payable & accrued expenses
$1,041,298
Discount for future interest
212,408

Long-term debt
6,298,131
Net assets
28,868,484
Total Liabilities & Net Assets
$36,420,321

 

Statement of Activities
Unaudited, June 30, 2002
Temporarily
Permanently
Unrestricted
Restricted
Restricted
Total
Support and revenue
Contributions, gifts & grants
$2,226,411
$1,917,746
$3,038,551
$7,182,708
Program activities revenue
198,900
514,502
-
713,402
Administrative fee income
324,090
-
-
324,090
Rental income
3,970,861
-
-
3,970,861
Investment income & net depreciation
(213,722)
458,786
(1,410,213)
(1,165,149)
Net assets released from restrictions
1,475,119
(1,475,119)
-
-
Total Support & Revenue
7,981,659
1,415,915
1,628,338
11,025,912
Expenses & equity transfers
Program services
2,618,280
-
-
2,618,280
Real Estate
4,104,739
-
-
4,104,739
Fund-raising activities
704,024
-
-
704,024
General & administrative
723,978
-
-
723,978
Equipment transfers
1,069,224
-
-
1,069,224
Total Expenses &
Equity Transfers
9,220,245
-
-
9,220,245
Change in Net Assets
(1,238,586)
1,415,915
1,628,338
1,805,667
Net assets, beginning of year
11,089,506
6,146,196
9,827,115
27,062,817
Net assets, end of year
$9,850,920
$7,562,111
$11,455,453
$28,868,484

 

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