Content
Financials
Combined Statements of Financial Position
| September 30, | 2010 | 2009 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 63,086,556 | $ 55,326,693 |
| Short-term investments | 195,190,660 | 225,356,705 |
| Receivables, net | 10,249,956 | 24,069,190 |
| Prepaid expenses | 8,937,231 | 15,940,828 |
| Property and equipment, net | 1,586,491 | 1,482,126 |
| Total assets | $ 279,050,894 | $ 322,175,542 |
| Liabilities and net assets | ||
| Liabilities | ||
| Accounts payable and accrued expenses | $ 5,154,252 | $ 4,626,799 |
| Appropriated grants and contracts payable, net | 173,986,823 | 224,842,627 |
| Total liabilities | 179,141,075 | 229,469,426 |
| Commitments and contingencies | ||
| Unrestricted net assets | ||
| Designated | 98,206,348 | 91,107,075 |
| Investment in property and equipment | 1,586,491 | 1,482,126 |
| Literary Classics, Inc. | 116,980 | 116,915 |
| Total unrestricted net assets | 99,909,819 | 92,706,116 |
| Total liabilities and net assets | $ 279,050,894 | $ 322,175,542 |