Honoraria and Memorials IN MEMORY OF Mildred Gambrell Adair Sidney A. Adair Mike Adcock Jasper S. & Delene W. Lee James A. Ash (’43) Bob Ash (’43) Charles & Mildred Barr Charles W. Barr II Martha H. Bartlett (’04) David Greene & Jane McFerrin Coach O’Neal Cave Guy M. Fouts (’66) Trent G. Chima Jasper S. & Delene W. Lee Gail Criminger Patricia S. Sherrer, Ph.D. Louise Kidder Davis Brandy B. Aycock Dr. Barbara N. Camp Jim & Cheryl Crysel Harrison N. Davis Ronald Durrance family Shawn Durrance family Jean S. Gleason Ross & Nancy Gleason D.W. Hazen Cliff Hood Susan D. Johnston Jay & Shirley Maguire Frederick & Helen Stone Stanley P. Warkala, Ph.D. Larry & Pamela Williams James Roy Farmer (’36) Janice Farmer Boyd W. Vance Grant, Sr. & Myrtle Haynes Grant (’42) Dr. & Mrs. W. Vance Grant, Jr. (’43) Carol Stevens Hancock (’35) Robert T. Cutting, M.D. Lisa Hallford Marcia N. Hallford Brannon Hancock & Jennifer Holst Eloise R. Hancock Mr. & Mrs. Thomas R. Hancock & Nathan Paige H. Harvey Frances S. Hemphill Barbara H. Johnson Dolford & Martha Layson Gregory R. New Rev. James Sanders (’48) James S. Thacker Ruthann B. Walton Elizabeth Wiggins Harold S. King (’61) George (’58) & Rena West Holt (’58) Evelyn West King (’61) Atos D. “Joe” Lattanzi (’51) Peggy Oliver Lattanzi (’52)
Madeline Wilmot Goodlett (’45) Alfred A. Michaud (’42) Emily Berryman Michaud (’42) J. Robert “Bob” Murphy (’48) Beverly Hans John Henry “Hank” Patrick Susan Smith-Patrick Ewell W. Payne (’54) Betty Payne Love (’53) Faye Ayers Payne (’53) Ronald J. “Ronnie” Perona (’05) Richard Dombrowsky (M’05) Justin (M’06) & Katie Wood Scali (’06, M’07) Jesse W. Ray (’43) Sara Garthright Ray (’44)
Willie Yates Reynolds (’31) Ann Stripling Boyd (’40) Betty Curry Sanders (’48) Rev. James Sanders (’48) DeWitt E. Sosebee, Sr. (’54) Dorothy M. Sosebee Miriam Goodwin Thacker Jane D. Bell Graham H. Dellinger Lisa Hallford Marcia N. Hallford Hickory Hill Landscaping Bess D. Hodkinson Mr. & Mrs. John Kollock Mrs. Natt Maddox Patricia K. Peck Harry W. Walker II Edward D. Ariail (’80) Martha Kelly Cantrell (’80)
Coach O’Neal Cave James D. Cantrell (’60) Drs. Ray & Ashley Cleere Lois A. Heilmann Nancy Carey Peters (’53) Dr. David L. Greene Randy Sharian (’76) Sue McEntire Roach Elaina Craven Cochran (’08)
Wendell W. White (’77) Eric White (’73)
Donald G. Ryder (’61) Ben W. Jernigan, Jr., DMD Martha Kelly Cantrell (’80)
Wallace Roy Wood (’51) Robert (’53) & Eloise W. Corry (’52)
Dr. Barbara Brown Taylor Kenneth S. Johnson
June 30, 2009 With Comparative Amounts for 2008
Assets Cash and cash equivalents Accounts receivable (net of allowance for bad debts) Unconditional promises to give (net of allowance for uncollectibles) Unrestricted investments Permanently restricted investments Temporarily restricted investments Collections Property and equipment (net of depreciation) Other assets Total Assets
Liabilities
Accounts payable Deferred tuition revenue Student deposits Long-term debt Annuity payment liabilities Total Liabilities
2009 $
2,741,012 2,417,401
2008 $
5,253,995 1,211,384
12,473,132 9,769,755 32,494,839 170,778 57,690,802 796,210
29,636 6,223,997 8,644,918 43,761,841 170,778 56,192,640 267,483
$ 118,553,929
$ 121,756,672
$
$
1,146,923 2,547,080 50,663 17,988,400 621,222
740,536 2,458,687 89,699 18,888,400 1,534,144
22,354,288
23,711,466
14,557,727 39,167,850
9,882,431 36,435,977
226,490 257,709 679,542 31,540,568
201,140 698,162 2,735,502 39,447,076
2,015,188 7,754,567
2,013,188 6,631,730
96,199,641
98,045,206
$ 118,553,929
$121,756,672
Net Assets
Unrestricted Available for operations Net investment in plant Temporarily restricted Annuity fund Special purpose contributions Trust fund Endowment Permanently restricted Endowment Trust fund Total Net Assets
Total Liabilities and Net Assets
Angela M. Luzar (’01) John J. Ahnen (’02)
Total Endowment: $44,571,119 (as of 2/28/10)
32
Donald P. Whipple (’65) Janet Donston (’65)
IN HONOR OF
Statement of Financial Position
Carroll T. Love (’36) Edna Stanley Lybrand (’44)
Myra E. McFarlin (’48) Nettie Ben Wilmot Cash (’47)
Elizabeth P. Walter Stan (’68) & Pamela D. Brookshire (’68) Helen Cannon Lee C. (’01) & Laura Green Evans (’00) MariAnne Jones Mr. & Mrs. Grant E. Montgomery June Cannon Stephens Dean & Kay Swanson
The accompanying notes are an integral part of this statement. These financial statements are a condensed presentation of the annual audit by Amos & Company, Certified Public Accountants.