2012 Annual Report - The Wadsworth Atheneum

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F I N A N C I A L R E P O R T
the Wadsworth Atheneum Museum of Art
Condensed Statement of Financial Position
A s s e t s June 30, 2012 June 30, 2011
Cash and Cash Equivalents $2,099,213 $2,022,236
Accounts receivable, net of allowance 166,126 14,826
Grants receivable 1,737,392 4,264,561
Other receivables 17,298 1,991
Contributions receivable 355,329 453,519
Inventories and other assets 513,810 490,335
Investments, at market 85,193,489 89,508,379
Funds held in trust by others 802,133 460,916
Property and equipment, net depreciation 18,346,742 15,494,764
To t a l A s s e t s $109,231,532 $112,711,527
L i a b i l i t i e s
Accounts payable $274,592 $240,233
Accrued expenses and other liabilities 1,234,267 425,296
Deferred revenue 486,720 272,072
To t a l L i a b i l i t i e s $1,995,579 $937,601
N e t A s s e t s
Unrestricted $19,193,152 $16,407,692
Board designated 14,610,643 15,338,470
Temporarily restricted 41,871,288 48,808,424
Permanently restricted 31,560,870 31,219,340
To t a l N e t A s s e t s $107,235,953 $111,773,926
To t a l L i a b i l i t i e s & N e t A s s e t s $109,231,532 $112,711,527