2010 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, 2010 June 30, 2009
Cash and Cash Equivalents $5,778,175 $1,962,668
Accounts receivable, net of allowance 76,439 19,860
Grants receivable 10,627,789 15,160,963
Other receivables 4,678 3,981
Contributions receivable, net of allowance 1,032,625 593,241
Inventories and other assets 502,232 606,368
Investments, at market 76,719,151 71,042,827
Funds held in trust by others 374,033 222,474
Property and equipment, net depreciation 7,392,200 5,473,798
To t a l A s s e t s $102,507,322 $95,086,180
L i a b i l i t i e s
Accounts payable $316,926 $355,589
Accrued expenses and other liabilities 486,031 790,763
Deferred revenue 257,082 329,628
To t a l L i a b i l i t i e s $1,060,039 $1,475,980
N e t A s s e t s
Unrestricted $8,163,638 $5,022,428
Board designated 13,727,722 13,027,067
Temporarily restricted 48,448,465 44,510,056
Permanently restricted 31,107,458 31,050,649
To t a l N e t A s s e t s $101,447,283 $93,610,200
To t a l L i a b i l i t i e s & N e t A s s e t s $102,507,322 $95,086,180