Financial Statements Statement of ACTIVITIES
Statement of Financial Position Year Ended June 30, 2013 (With Comparative Totals for 2012)
2013
2012
ASSETS Cash and cash equivalents Certificates of deposit Accounts receivable – net
Total Year Ended June 30, 2013 (With Comparative Totals for 2012)
$4,346,104
$3,095,742
405,646
905,442
REVENUES & OTHER SUPPORT Tuition and fees
90,338
102,186
Contribution receivable
155,000
-
Inventory
200,317
262,500
Prepaid expenses
72,402
46,436
Sales and services – clinics
Investments
87,645
98,480
Bookstore
17,358,376
17,757,084
Event revenue
105,479
83,915
Other revenue
$22,821,307
$22,351,785
Property and equipment – net Loan fees – net Total assets LIABILITIES & NET ASSETS
Unrestricted
Temporarily Restricted
$14,665,937
-
-
Private gifts and contracts
470,902
839,190
Government grants and contracts
183,154
213,094
Loss on disposal of equipment
Permanently Restricted
2013
2012
$14,665,937
$14,014,007
1,310,517
964,533
-
396,248
443,357
425
2,468,539
-
-
2,468,539
2,488,799
448,877
-
-
448,877
570,250
250
-
250
149,213
-
370,797
221,584 -
-
-
-
Net assets released from restrictions
1,158,283
(1,158,283)
-
-
Total revenues and other support
$19,617,276
$43,464
$425
339,431 (133,728) -
$19,661,165
$18,686,649
Liabilities: Accounts payable
$578,041
Accrued interest
22,419
Accrued payroll
$962,431 -
EXPENSES Program Services:
729,561
673,261
Agency funds payable
18,578
13,415
Research
Student body funds payable
19,015
37,718
Retirement plan payable
21,871
22,381
Deferred revenue
87,028
257,666
Student deposits
58,900
61,900
Long-term debt
7,198,482
7,127,339
Total Program Services
Note payable
4,500,000
4,500,000
Supporting Services:
$13,233,895
$13,656,111
Total liabilities Net assets:
$6,359,549
-
-
$6,359,549
$6,147,842
982,448
-
-
982,448
838,353
Academic support
1,348,996
-
-
1,348,996
1,329,436
Student services
2,112,120
-
-
2,112,120
2,102,927
Clinics
3,357,739
-
-
3,357,739
3,389,587
605,167
-
-
605,167
753,390
$14,766,019
-
-
$14,766,019
$14,561,535
3,303,730
-
-
3,303,730
3,479,100
699,678
-
-
699,678
767,305
-
-
$18,769,427
$18,766,940
Bookstore
Institutional support Fundraising
Unrestricted: Board designated – building fund
Instruction
Total expenses $1,300,637
$339,831
Increase (decrease) in net assets
Undesignated
7,132,472
7,245,429
Net assets, beginning of year
Total unrestricted
8,433,109
7,585,260
Net assets, end of year
Temporarily restricted
747,589
704,125
Permanently restricted
406,714
406,289
Total net assets Total liabilities and net assets
18 NCNM 2012-2013 Annual Report
$9,587,412
$8,695,674
$22,821,307
$22,351,785
$18,769,427 847,849
43,464
425
891,738
(80,291)
7,585,260
704,125
406,289
$8,695,674
8,775,965
$8,433,109
$747,589
$406,714
$9,587,412
$8,695,674
NCNM 2012-2013 Annual Report
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