American - Press - American Paint Horse Association
American - Press - American Paint Horse Association
American - Press - American Paint Horse Association
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Statements of Financial Position<br />
December 31, 2008 and 2007<br />
Assets 2008 2007<br />
Cash $ 534,421 $ 1,397,992<br />
Cash, restricted 460,183 548,674<br />
Investments, at market value 11,339,441 14,677,909<br />
Investments, at market value, restricted 3,552,540 3,649,000<br />
Accounts receivable<br />
(less allowance for doubtful accounts of $18,000 and $18,000 respectively) 397,972 457,621<br />
Accrued interest receivable 34,771 36,968<br />
Accrued interest receivable, restricted 55,079 51,086<br />
Inventory 151,807 198,791<br />
Prepaid expenses 118,556 260,535<br />
Receivable - related party - 20,943<br />
Property & equipment, net 5,078,208 5,343,484<br />
Total Net Assets $ 21,722,978 $ 26,643,003<br />
Liabilities and Net Assets<br />
Accounts payable - trade $ 332,316 $ 732,862<br />
Accrued expenses 1,533,720 1,863,644<br />
Deferred revenues 3,849,001 4,258,732<br />
Total Liabilities $ 5,715,037 $ 6,855,238<br />
Net Assets<br />
Temporarily restricted, Breeders Trust $ 2,799,843 $ 2,981,610<br />
Unrestricted 13,208,098 16,806,155<br />
Total Net Assets 16,007,941 19,787,765<br />
Total Liabilities and Net Assets $ 21,722,978 $ 26,643,003<br />
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