Financials
University of Baltimore Foundation and University Properties
Combined Statements of Financial Position
June 30, 2016 and 2015
ASSETS | 2016 | 2015 |
Cash and Cash Equivalents | $10,509,879 | $9,363,264 |
Investments | 49,135,228 | 50,929,096 |
Pledges Receivable | 2,729,742 | 4,728,101 |
Land and Buildings | 275,980 | 318,318 |
Collections | 454,284 | 454,284 |
Other | 29,231 | 157,090 |
Total | $63,134,344 | $65,950,153 |
LIABILITIES AND NET ASSETS | ||
Liabilities | $1,560,192 | $1,325,056 |
Net Assets | ||
Unrestricted | 6,010,216 | 6,606,227 |
Temporarily Restricted | 17,534,376 | 20,639,762 |
Permanently Restricted | 38,029,560 | 37,379,108 |
Total Net Assets | 61,574,152 | 64,625,097 |
Total | $63,134,344 | $65,950,153 |
Consolidated Statements of Activities for the years ended June 30, 2016 and 2015 |
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REVENUES | 2016 |
2015 |
Contributions and Grants | $3,843,546 | $2,995,243 |
Investment Income | 805,832 | 394,166 |
Other Income | 143,960 | 167,662 |
Realized and Unrealized Gains and (Losses) on Investments, Net | (2,220,993) | 1,084,728 |
Gain on Sale of Property | - | 287,430 |
Total Revenues | $2,572,345 | $4,929,229 |
EXPENSES | ||
Program | $4,797,469 | $4,567,172 |
General and Administrative | 525,041 | 496,235 |
Fundraising | 300,780 | 279,902 |
Total Expenses | $5,623,290 | $5,343,309 |
Change in Net Assets | $(3,050,945) | $(414,080) |