Â
Unconditional promises to give are due as follows:
Less than one year One to five years
$ $
1,075,992 583,016 1,659,008
The Organization used the average incremental borrowing rate of 0.066% based on analysis of historical data to calculate the unamortized discount. 5. Investments Investments consist of the following:
June 30, 2017 Amortized Cost
Estimated Fair Value
Net Unrealized Gains Losses
Community Foundation of the Ozarks $ 276,968 $ 12,559 $
-
$ 289,527
June 30, 2016 Amortized Cost
Net Unrealized Gains Losses
Community Foundation of the Ozarks $ 149,554 $
- $
Estimated Fair Value
6,673 $ 142,881
Total investment income on the statement of activities is comprised of the following:
2017 Investment earnings, including interest $ Net unrealized gains (losses), Community Foundation $ Total investment income
65,940 $ 12,559 78,499 $
2016 42,272 (6,673) 35,599
6. Fair value of financial instruments The Organization has adopted ASC. 820, Fair Value Measurements and Disclosures. ASC. 820, defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. ASC. 820, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC. 820, establishes a fair value hierarchy that prioritizes the inputs used in valuation techniques used to measure fair value into three levels, with Level 1 being the highest priority.
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