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
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