Annual Report 2011-2012
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Consolidated Statement of Activities<br />
for the Year Ended June 30, <strong>2012</strong><br />
An independent audit of the school’s finances was performed for the year ended June 30, <strong>2012</strong>.<br />
For a copy of the complete audited financial statements, please contact Gabriel Espinosa 612-545-9707.<br />
2%<br />
ASSETS<br />
Cash $328,592<br />
Accounts Receivable 357,328<br />
Pledges Receivable, net 1,391,373<br />
Prepaid Expenses & Other Assets 21,301<br />
Endowment Investments 135,989<br />
Property & Equipment Net 12,751,439<br />
TOTAL ASSETS $14,986,024<br />
LIABILITIES<br />
Accounts Payable $52,029<br />
Accrued Expenses 249,194<br />
Notes Payable 305,617<br />
TOTAL LIABILITIES $606,840<br />
6%<br />
60%<br />
32%<br />
Revenues<br />
Contributions and operating pledges* 3,023,742<br />
Hire4Ed Sponsorships 1,601,225<br />
Other revenue 283,429<br />
Family Contributions $124,411<br />
$5,032,807<br />
* Includes pledges received from prior years.<br />
5%<br />
6%<br />
NET ASSETS<br />
Unrestricted Net Assets $13,446,278<br />
Temporarily Restricted Net Assets 796,916<br />
Permanently Restricted Net Assets 135,989<br />
TOTAL NET ASSETS $14,379,183<br />
88%<br />
TOTAL LIABILITIES<br />
AND NET ASSETS<br />
$14,986,024<br />
Expenses<br />
Program Services $4,165,469<br />
General and Administrative 256,292<br />
Fundraising $407,085<br />
$4,828,846<br />
18
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