Assets & Liabilities

Fiscal Year Ended Sept. 30, 2014
(Updated Sept. 30, 2014)

Assets
Source Amount
CURRENT ASSETS
Cash and cash equivalents  $178,170
Investments  $2,630,135
Note receivable - Big Elk  $401,100
Total Current Assets  $3,209,405
   
NON-CURRENT ASSETS
Investment in partnership  $100,000
Cash surrender value of life insurance  $384,919
Beneficial interest in perpetual trust  $187,273
Investments - permanently restricted endowment  $986,018
Total Non-current Assets  $1,658,210
TOTAL ASSETS$4,867,615
   
Liabilities and Net Assets
Source Amount
CURRENT LIABILITIES
Accounts payable & accrued expenses  $3,614
Total liabilities  $3,614
   
NET ASSETS
Unrestricted  $2,156,383
Temporarily Restricted  $1,534,327
Permanently Restricted  $1,173,291
Total Net Assets  $4,864,001
TOTAL LIABILITIES AND NET ASSETS $4,867,615