LIABILITIES AND NET ASSETS |
||||
Liabilities Current liabilities Accounts payable |
$ |
53,184 |
$ |
225,931 |
Accrued expenses |
373,180 |
368,180 |
||
Deferred revenues |
607,279 |
734,973 |
||
Current portion of notes payable |
237,370 |
37,632 |
||
Current portion of capital lease |
- |
14,008 |
||
Total current liabilities |
1,271,013 |
1,380,724 |
Long-term liabilities |
||
Notes payable |
10,339 |
247,244 |
Total long-term liabilities |
10,339 |
247,244 |
Net assets Without donor restrictions Board designated - reserves |
1,917,620 |
2,075,896 |
Undesignated |
4,071,520 |
3,531,389 |
Total net assets without donor restrictions |
5,989,140 |
5,607,285 |
With donor restrictions |
986,491 |
1,137,190 |
Total net assets |
6,975,631 |
6,744,475 |