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UNRESTRICTED

TEMPORARILY RESTRICTED

TOTAL

INCOME Contributions Government and Other Grants Program Service Revenues Interest and Dividends TOTAL OPERATING REVENUES & SUPPORT

$2,367,774 $782,408 $1,884,929 $203,353 $5,238,464

$8,508,058 $8,508,058

$2,367,774 $782,408 $10,392,987 $203,353 $13,746,522

EXPENSES Program Expenses Community Media Contemporary Arts Performing Arts Interdisciplinary Art Education

$4,774,587 $428,678 $3,379,604 $94,264 $496,495

$4,774,587 $428,678 $3,379,604 $94,264 $496,495

Support Services Management and General Fundraising

$1,655,430 $390,384

$1,655,430 $390,384

$11,219,442

$11,219,442

TOTAL OPERATING EXPENSES CHANGE IN NET ASSETS FROM OPERATIONS Non-operating Revenue (Expense) Other Grants Other miscellaneous income Unrealized Gain on Investments Depreciation Expense Below the Line Expense Net Assets Released from Restrictions CHANGE IN NET ASSETS NET ASSETS, BEGINNING OF YEAR NET ASSETS, END OF YEAR

$(5,980,978)

$8,508,058

$2,527,080

LIABILITIES Accounts Payable and Accrued Expenses

$468,253

Deferred Revenue

$1,416,128

Accrued Vacation Total Liabilities NET ASSETS Unrestricted: Operating

$2,191,010

$(9,221,242)

$34,639 $(1,110,524) $(68,403) $0

$4,299,486

$(713,184)

$3,586,302

$12,963,623

$14,260,320

$27,223,943

$17,263,109

$13,547,136

$30,810,245

$12,500

$15,873,903

Board Designated Fund

$1,389,206

Total Unrestricted

$17,263,109

Temporarily Restricted $2,191,010 $12,500 $34,639 $(1,110,524) $(68,403) $9,221,242

$198,699 $2,083,080

Total Net Assets TOTAL LIABILITIES & NET ASSETS

$13,547,136 $30,810,245 $32,893,325


28

BRIC ANNUAL REPORT 2015  
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