Financials
University of Baltimore Foundation and University Properties
Combined Statements of Financial Position
June 30, 2013 and 2012
ASSETS | 2013 | 2012 |
Cash and Cash Equivalents | $11,784,329 | $19,764,831 |
Investments | 42,058,673 | 40,471,260 |
Pledges Receivable | 7,886,934 | 5,757,486 |
Loans Receivable | 1,020,607 | 982,594 |
Land, Buildings, Furniture and Equipment | 426,412 | 932,001 |
Collections | 439,284 | 439,284 |
Other | 35,840 | 74,869 |
Total | $63,652,079 | $68,422,325 |
LIABILITIES AND NET ASSETS | ||
Liabilities | $3,604,542 | $927,711 |
Net Assets | ||
Unrestricted | 6,947,467 | 7,687,438 |
Temporarily Restricted | 17,678,340 | 25,148,826 |
Permanently Restricted | 35,421,730 | 34,658,350 |
Total Net Assets | 60,047,537 | 67,494,614 |
Total | $63,652,079 | $68,422,325 |
Consolidated Statements of Activities
for the years ended June 30, 2013 and 2012 |
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REVENUES | 2013 | 2012 |
Contributions and Grants | $8,587,078 | $4,213,814 |
Investment Income | 476,098 | 451,148 |
Other Income | 89,278 | 112,016 |
Realized and Unrealized Gains and (Losses) on Investments, Net | 3,584,796 | (1,368,360) |
Gain on Sale of Property | 0 | 677,521 |
Total Revenues | $12,737,250 | $4,086,139 |
EXPENSES | ||
Program | $19,610,037 | $2,165,881 |
General and Administrative | 316,715 | 339,141 |
Fundraising | 257,575 | 252,155 |
Total Expenses | $20,184,327 | $2,757,177 |
Change in Net Assets | ($7,447,077) | $1,328,962 |