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R68
FINANCIAL STATEMENTS
Operating History and Balance Sheet as of December 31 ,
2002
and 2001 .
BALANCE SHEET (In Thousands) 2002 2001
ASSETS:
Cash and Short Term Investments
Pledges and Other Receivables
Assets Held by Bond Trustee
Other Assets
Endowment and Similar Investments
$4.357
8.794
631
42.290
$8.993
11,265
269
711
42.181
Property Plant and Equipment (Net)
31.729
31,519
TOTAL ASSETS:
87.801
94.938
LIABILITIES.
Accounts Payable
Annuities and Unitrusts Payable
2,797
535
3,133
1,383
Deferred Revenue and Other Liabilities
Long Term Debt
2.557
10,200
2,318
10,200
Total Liabilities:
16.089
17,034
NET ASSETS-
The financial statements of the
Marine Biological Laboratory, for
the fiscal year ending December
Unrestricted
Temporary Restricted
Permanently Restricted
20,381
25.278
26,053
22.261
29.941
25,702
31. 2002. were audited by
Pr/cewaterhouseCoopers. LLP
Total Net Assets:
71.712
77.904
Complete financial statements are
available upon request from:
TOTAL LIA8ILITES AND NET ASSETS:
$87.801
$94,938
Mr Homer Lane
OPERATING HISTORY (In Thousands)
Chief Financial Officer
Marine Biological Laboratory
7 M8L Street
Woods Hole. MA
02543-1015
OPERATING SUPPORT:
Government Grants
Private Contracts
Lab Rental and Net Tuition
$15.849
1.495
2,188
$14,648
1,675
1,954
Fees for Conferences and Services
Contributions
Investment and Other Revenues
5.333
4.522
3,321
4.383
10.886
2.555
Total Operating Support
32,708
36,101
EXPENSES:
Research
22,371
20.399
Instruction
5.998
5.637
Conferences and Services
1.460
1.133
Other Programs
5.027
4.643
Total Expenses:
34.856
31.812
CHANGE IN NET ASSETS BEFORE
NON. OPERATING ACTIVITY. (2,148) 4.239
Non-Operating Activities.
Contributions to Plant and Other Expenses, Net (149)
2,244
Total Investment Income and Earnings (1,994)
Less Investment Earnings Used for Operations (1,901)
Reinvested (Utilized) Investment Earning (3.895)
(2.930)
(1.475)
(4,405)
TOTAL CHANGE IN NET ASSETS: $(6.192)
$2.128