Asset 5 Audited Financials for Fiscal Year 2016

Assets

2016
2015
Cash and Cash Equivalents
245,428
247,974
Investments - Note 2
745,526
973,521
Pledges Receivable - Note 3
936,885
226,182
Prepaid Expenses and Other Current Assets
59,174
53,635
Property and Equipment - Note 4
21,359
46,592
Total Assets
$2,008,372
$1,547,904

Liabilities

2016
2015
Accounts Payable
43,186
49,196
Accrued Expenses and Other Liabilities
9,560
4,403
Scholarships Payable - Note 5
232,500
637,000
Deferred Revenue
15,000
12,500
Total Liabilities
$300,246
$703,099

Net Assets

2016
2015
Unrestricted
828,241
689,210
Temporarily Restricted - Note 6
879,885
155,595
Total Net Assets
$1,708,126
$844,805
Total Liabilities and Net Assets
$2,008,372
$1,547,904

Income Sources

OMD Scholar Photo
60.84% Foundations 19.12% Individuals
11.3% Corporations 0.31% Other 8.44% In-Kind

Full audit available upon request.