News from Whitaker Center for Science and the Arts
Whitaker Center for Science and the Arts STATEMENT OF FINANCIAL POSITION AT SEPTEMBER 30, 2012
STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2012
ASSETS
OPERATING REVENUE
Cash and cash equivalents
$888,619
Accounts receivable Grants receivable Pledges receivable – net
Contributed revenue
$2,402,157
$83,863
Admissions, dues and fees
$1,689,019
$622,578
Museum store & Starbucks
$704,389
Rentals and parking
$182,202
Interest and dividends
$125,734
$1,152,760
Prepaid expenses and other assets
$59,042
Inventories $70,851
Other
Land, building, and equipment – net
TOTAL SUPPORT
$29,008,160
$4,695 $5,108,196
Investments $5,120,335 Interest in net assets of a community fdn TOTAL ASSETS
$565,767
$37,571,975
OPERATING EXPENSES AND LOSSES Program services
$3,266,430
Fundraising $253,308 LIABILITIES AND NET ASSETS
General and administration
Accounts payable
$443,881
Sales and marketing
Notes payable
$568,088
Museum store & Starbucks
Accrued payroll and withholdings
$42,189
TOTAL OPERATING EXPENSES
Other liabilities
$181,637
Bad debt losses
Future acknowledgement benefits
$227,496
TOTAL OPERATING EXPENSES AND LOSSES
Deferred income
$1,120,356
Line of credit
$1,945,056
Capital leases payable
$388,462
TOTAL LIABILITIES
$4,917,095
NET ASSETS
$1,799,160 $171,903 $686,406 $6,177,207 $0 $6,177,207
NON-OPERATING INCOME, EXPENSES AND LOSSES Realized/unrealized gain (loss) on investments
$655,271
Unrestricted $29,001,850
Change in interest in net assets of community foundation
Temporarily restricted
Termination of life insurance policy
($28,043)
Grant income to Whitaker Center Productions
$694,564
Grant expenses to Whitaker Center Productions
($694,564)
$158,767
Permanently restricted
$3,494,263
TOTAL NET ASSETS
$32,654,880
TOTAL LIABILITIES AND NET ASSETS
$88,318
$37,571,975 TOTAL NON-OPERATING INCOME EXPENSES AND LOSSES CHANGE IN NET ASSETS
whitakercenter.org | A Member Benefit | SPOTLIGHT
$715,546 ($353,465)
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