Joslyn Art Museum's 2006 Annual Report
Joslyn Art Museum's 2006 Annual Report
Joslyn Art Museum's 2006 Annual Report
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FINANCIAL STATEMENTS<br />
Combined Statement of Financial Position<br />
December 31, <strong>2006</strong><br />
Assets<br />
Cash and cash equivalents $ 1,626,343<br />
Accrued interest receivable 242,249<br />
Receivables 77,296<br />
Museum shop inventory 276,597<br />
Prepaid expenses and other assets 317,879<br />
Contributions receivable:<br />
Heritage Services 1,161,248<br />
Other 2,192,397<br />
Notes receivable 1,000,000<br />
Funds on deposit under bond resolution 2,886,069<br />
Investments 28,699,234<br />
Property, net 24,181,132<br />
<strong>Art</strong> collection 44,149,804<br />
Assets held under deferred compensation program 381,260<br />
Total assets $ 107,191,508<br />
Liabilities and Net Assets<br />
Liabilities:<br />
Accounts payable and accrued liabilities $ 866,107<br />
Bonds payable 6,250,000<br />
Payable under deferred compensation program 381,260<br />
Total liabilities 7,497,367<br />
Net assets:<br />
Unrestricted:<br />
Undesignated 74,188,285<br />
Designated by Board 8,099,346<br />
Donor restricted:<br />
Temporarily 5,989,167<br />
Permanently 11,417,343<br />
Total net assets 99,694,141<br />
Total liabilities and net assets $ 107,191,508<br />
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