Financial Results Detroit Educational Television Foundation Statement of Activities
5,869,014 1,974,764 3,912,723 893,734 12,650,235
4,664,696 2,192,543 20,093,127
4,362,273 2,098,660 19,111,168
75,479
314,803
Changes in Temporarily Restricted Net Assets Contributions Net assets released from restrictions
1,425,850 (905,929)
285,466 (1,282,215)
Increase/(Decrease) in Temporarily Restricted Net Assets
519,921
(996,749)
Increase/(Decrease) in Net Assets
595,400
(681,946)
Net Assets - Beginning of year Net Assets - End of year
18,444,667
19,126,613
$19,040,067
$18,444,667
Liabilities and Net Assets Liabilities: Accounts payable Accrued liabilities Capital lease obligation Long term debt Total Liabilities Net Assets: Unrestricted Temporarily restricted Permanently restricted - Endowment Total Net Assets Total Liabilities and Net Assets
June 30
2010
$3,857,624 1,380,902 1,356,599 3,374,711 347,097 437,406 17,904,697 $28,659,036
$2,803,408 1,162,280 1,330,063 4,801,343 296,403 575,808 18,125,925 $29,095,230
$662,451 1,648,651 637,867 6,670,000 9,618,969
$643,937 1,977,474 1,119,152 6,910,000 10,650,563
18,056,371 903,676 80,020 19,040,067
17,980,892 383,755 80,020 18,444,667
$28,659,036
$29,095,230
Revenue Sources Fiscal Year 2011
Corporate and Foundation Support 7%
Special Events 2%
Corporation for Public Broadcasting Grant 8%
Program Productions 19%
Retail Product Sales 13%
14.
2011
Assets Cash and cash equivalents Investments Accounts receivable, net Pledges receivable, net Inventory Prepaid assets and other Property and equipment, net Total Assets
$8,055,534 3,147,920 1,979,239 701,911 2,165,750 555,639 262,000 697,898 293,761 135,463 1,282,215 148,641 19,425,971
6,203,275 1,911,286 4,197,912 923,415 13,235,888
Increase in Unrestricted Net Assets
Balance Sheet
Year Ended June 30 2011 2010
Changes in Unrestricted Net Assets Revenues Individual contributions $8,906,244 Retail product sales 2,556,292 Local and national program productions 2,959,220 Corporate contributions 1,006,635 Corporation for Public Broadcasting grant 1,688,794 Foundation contributions 521,428 Special events 303,512 Facilities rental 883,353 Capital campaign contributions 188,104 Investment income 195,173 Net assets released from restrictions 905,929 Miscellaneous income 53,922 Total Revenues 20,168,606 Expenses Program services: Production Engineering Broadcast Communications Total Program Services Supporting Services: Fundraising Administrative Total Expenses
Fiscal Year 2011
Capital Campaign Contributions 1%
Facilities Rental and Other Funds 6% Individual Support 44%