Informe Anual, 2005 - Museo de Arte de Ponce

Museo de Arte de Ponce
Statement of Activities and Changes in Net Assets
Years Ended December 31, 2005 and 2004
2005 2004
Temporarily Permanently
Temporarily Permanently
Unrestricted restricted restricted Total Unrestricted restricted restricted Total
Support and revenues
Admissions $ 168,790
$ 168,790 $ 115,922
$ 115,922
Contributions 1,341,798 $ 127,900
1,469,698 939,533 939,533
Government appropriation 950,000 950,000 1,000,000 1,000,000
Fund raising 934,531 934,531 1,083,572 1,083,572
Rental income, net of rental expenses 629 629 2,898 2,898
Museum store sales, net of cost of -
sales of $95,988 (2004 - $85,361) 122,920 122,920 117,959 117,959
Interest income 22,187 $ 19,828 42,015 11,476 $ 8,265 19,741
Other income 434,296 434,296 17,786 17,786
3,975,151 127,900 19,828 4,122,879 3,289,146 8,265 3,297,411
Expenses
Program services:
Curatorial and conservation 493,713 493,713 389,840 389,840
Exhibits 811,462 811,462 303,948 303,948
Education 248,290 248,290 148,079 148,079
Support services:
Fund raising 399,478 399,478 482,609 482,609
General and administrative 2,303,323 2,303,323 1,912,126 1,912,126
Interest 24,550 24,550 7,729 7,729
Depreciation 49,492 49,492 47,604 47,604
4,330,308 - 4,330,308 3,291,935 3,291,935
(355,157) 127,900 19,828 (207,429) (2,789) 8,265 5,476
Net realized and unrealized loss on
investment securities (106) (106) (2,702) (2,702)
Changes in net assets (355,157) 127,900 19,722 (207,535) (2,789) 5,563 2,774
Net assets at beginning of year 868,263 - 1,328,190 2,196,453 871,052 1,322,627 2,193,679
Net assets at end of year $ 513,106 $ 127,900 $ 1,347,912 $ 1,988,918 $ 868,263
$ 1,328,190 $ 2,196,453
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