Friends of the Neuberger Museum of Art, Inc.
Statements of Financial Position
June 30, 2020 and 2019
|
Assets
|
2020
|
2019
|
|
Cash
|
$1,307,357
|
$1,332,495
|
|
Due from Purchase College Foundation
|
$86,429
|
$90,513
|
|
Contributions receivable
|
$2,865
|
$2,500
|
|
Prepaid expenses and other assets
|
$32,802
|
$5,770
|
|
Investments
|
$8,724,654
|
$9,138,650
|
|
Collections (See Note 2)
|
–
|
–
|
|
Total
|
$10,154,107
|
$10,569,928
|
Liabilities and Net Assets
|
Liabilities
|
2020
|
2019
|
|
Due to Purchase College
|
$130,018
|
$111,037
|
|
Due to Purchase College Foundation
|
$24,566
|
$32,788
|
|
Accrued expenses and other liabilities
|
–
|
$11,832
|
|
Deferred revenue
|
$27,972
|
$16,309
|
|
Total liabilities
|
$182,556
|
$171,966
|
|
Net Assets
|
2020
|
2019
|
|
Without donor restrictions
|
$479,257
|
$536,481
|
|
With donor restrictions
|
$9,492,294
|
$9,861,481
|
|
Total net assets
|
$9,971,551
|
$10,397,962
|
|
Liabilities and Net Assets
|
2020
|
2019
|
|
Total
|
$10,154,107
|
$10,569,928
|