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FINANCIAL POSITION 2007<br />
4 www.conklincenter.org<br />
STATEMENT OF FINANCIAL POSITION<br />
ASSETS FOR THE YEAR ENDED JUNE 30, 2007<br />
Cash $ 307,574<br />
Endowment investments – cash 65,956<br />
Endowment investments – securities 1,576,764<br />
Due from funding agencies 136,626<br />
Receivables – o<strong>the</strong>r 6,983<br />
Prepaid expenses 41,296<br />
Buildings, furniture and equipment<br />
less: accumulated depreciation of $2,506,938 2,915,605<br />
TOTAL ASSETS $5,050,804<br />
LIABILITIES AND NET ASSETS:<br />
Liabilities:<br />
Accounts payable & accrued expenses $ 262,860<br />
Line of credit 10,954<br />
Total Liabilities $ 273,814<br />
Net assets:<br />
Permanently restricted $ 703,627<br />
Temporarily restricted 89,556<br />
Unrestricted 3,983,807<br />
Total Net Assets 4,776,990<br />
TOTAL LIABILITIES AND NET ASSETS $5,050,804