Purchase College Foundation
Consolidated Statements of Financial Position
June 30, 2020 and 2019
|
Assets
|
2020
|
2019
|
|
Cash and cash equivalents
|
$3,493,242
|
$5,602,184
|
|
Accounts and grants receivable, net
|
$30,216
|
$431,187
|
|
Accrued interest receivable
|
$105,706
|
$60,857
|
|
Pledges receivable, net
|
$386,780
|
$925,598
|
|
Investments
|
$76,397,575
|
$79,194,204
|
|
Investments held for gift annuities
|
$12,932
|
$16,209
|
|
Prepaid expenses
|
$29,021
|
$31,812
|
|
Equipment, net
|
–
|
$38,860
|
|
Total
|
$80,455,472
|
$86,300,911
|
Liabilities and Net Assets
|
Liabilities
|
2020
|
2019
|
|
Accounts payable and accrued expenses
|
$530,246
|
$608,184
|
|
Deferred revenue
|
$129,659
|
$934,367
|
|
Due to Friends of the Neuberger Museum of Art
|
$64,834
|
$60,220
|
|
Due to Purchase College
|
$325,758
|
$494,894
|
|
Investments held for others (PCA)
|
$1,900,063
|
$1,983,014
|
|
Gift annuity payable
|
$8,536
|
$8,301
|
|
Total liabilities
|
$2,959,096
|
$4,088,980
|
|
Net Assets
|
2020
|
2019
|
|
Without donor restrictions
|
$6,455,846
|
$7,338,576
|
|
With donor restrictions
|
$71,040,530
|
$74,873,355
|
|
Total net assets
|
$77,496,376
|
$82,211,931
|
|
Liabilities and Net Assets
|
2020
|
2019
|
|
Total
|
$80,455,472
|
$86,300,911
|