Clone of Financials | Kent State University Foundation 2015 Generosity Report | Kent State University

Clone of Financials

 

ASSETS AND DISBURSEMENTS

Assets and Disbursements Chart

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STATEMENTS OF FINANCIAL POSITION

ASSETS

2015

2014

Cash and cash equivalents $2,202,184 $1,594,579
Receivables ----------------- -----------------
     Pledges 8,901,105 8,522,683
     Interest on notes receivable 436,129
-----------------
132,396
----------------
  9,337,234 8,655,079
Investments    
     Long-term pool 141,781,472 138,095,169
     Charitable remainder trusts 6,127,738 6,330,534
     Annuity Pool - 3,240,040
     Short-term pool 18,162
-----------------
11,974
-----------------
  147,927,372 147,677,717
     
Beneficial interest in trusts held by others 4,265,258 355,927
Notes receivable-Hotel and Conference Center 14,426,108 14,426,108
Property, net of depreciation 1,305,688
-----------------
1,506,448
-----------------
  $ 179,463,844
===========
$ 174,215,858
===========

 

LIABILITIES AND ASSETS

   
Liabilities    
     Accounts payable $92,084  88,435
     Funds held for others 9,039,339

9,003,091

     Actuarial liabilities    
          Annuities 1,774,536 2,063,941
          Charitable
          remainder trusts
2,457,202
------------
2,609,396
------------
  13,363,161
------------
13,764,863
------------
Net assets    
     Unrestricted 10,997,258 10,229,182
     Temporarily
     restricted
114,097,081 113,388,802
     Permanently
     restricted
41,006,344
------------
36,833,011
------------
  $166,100,683
------------
160,450,995
------------
 

$179,463,844
===========

174,215,858
===========

 

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STATEMENT OF ACTIVITIES 2015

 

 

 

 

Revenue and support

UNRESTRICTED

TEMPORARILY
RESTRICTED 

PERMANENTLY
RESTRICTED 

TOTAL

Gifts                
     Cash and securities   $ 81,978   $ 15,346,781   $ 2,455,663   $17,884,422
     Net change in
     pledges receivable
  (2,498)

------------------
79,480
  (84,324)

-----------------
15,262,457
  591,806

-----------------
3,047,469
  504,984

-----------------
18,389,406
 
     Losses on pledges
     receivable
  375
-----------------
  (14,226)
-----------------
  (112,711)
-----------------
  (126,562)
-----------------
    79,855
-----------------
  15,248,231
-----------------
  2,934,758
-----------------
  18,262,844
-----------------
Net Investment Income                
     Securities   392,699   2,124,177   -   2,516,876
     Investment pool
     operator fee
  1,493,216   (1,493,216)   -   -
     Investment in
     Hotel and    
     Conference
     Center
  910,382
----------------
  -
-----------------
  -
------------------
  910,382
-----------------
    2,796,297
-----------------
  630,961
-----------------
  -
-------------------
  3,427,258
-----------------
                  
Sales, services, events, and other   764   183,303   25,077   209,144
Gain or loss on sale of property   -   (177,636)   -   (177,636)
Changes in designation of prior contributions   (2,554)   (1,304,382)   1,306,936   -
Change in actuarial liabilities   -   108,615   (93,438)   15,177
Release of restrictions   13,980,813
-----------------
  (13,980, 813)
-----------------
  -
-----------------
  -
-----------------
    6,855,175
-----------------
  708,279
-----------------
  4,173,333
-----------------
  21,736,787
-----------------
Expenses and losses                
Grants for Kent State University   15,410,049   -   -   15,410,049
Administration   677,050
-----------------
  -
-----------------
  -
------------------
  677,050
-----------------
    16,087,099
-----------------
  -
-----------------
  -
-------------------
  16,087,099
-----------------
                 
Change in net assets   768,076   708,279   4,173,333   5,649,688
Net assets at beginning of year   10,229,182
-----------------
  113,388,802
-----------------
  36,833,011
-----------------
  160,450,995
-----------------
Net assets at end of year   $10,997,258
===========
  $114,097,081
===========
  $41,006,344
===========
  $166,100,683
===========

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STATEMENT OF ACTIVITIES 2014

 
     
Revenue and support
UNRESTRICTED
TEMPORARILY
RESTRICTED 
PERMANENTLY
RESTRICTED 
TOTAL
Gifts                
     Cash and securities   $ 70,632   $ 10,407,273   $ 2,508,303   $12,986,208
     Net change in pledges
     receivable
  (2,165)
-----------------
  (836,313)
-----------------
  (7,320)
-----------------
  (845,798)
-----------------
    68,467   9,570,960   2,500,983   12,140,410
     Losses on pledges
     receivable
  (22,306)
-----------------
  (1,609,251)
-----------------
  (104,406)
-----------------
  (1,735,963)
-----------------
    46,161
-----------------
  7,961,709
-----------------
  2,396,577
-----------------
  10,404,447
-----------------
Net investment income                
     Securities   3,593,757   17,042,493   -   20,636,250
     Investment pool
     operator fee
  1,399,715   (1,399,715)   -   -
     Investment in Hotel
     and Conference
     Center
  495,611
------------
  -
----------------
  -
-----------------
  495,611
-----------------
    5,489,083
-----------------
  15,642,778
-----------------
  -
----------------
  21,131,861
-----------------
                  
Sales, services, events, and other   144   534,759   25,000   559,903
Changes in designation of prior contributions   10,445   (392,704)   382,259   ----------------
Change in actuarial liabilities   ----------------   23,518   519,876   543,394
Release of restrictions   9,965,322
----------------
  (9,965,322)
----------------
  -
--------------
  -
---------------
    15,511,155
----------------
  13,804,738
----------------
  3,323,712
---------------
  32,639,605
----------------
Expenses and losses                
     Grants for Kent State
     University
  11,442,276   -
 
  -   11,442,276
     Administration   717,254
----------------
  -
----------------
  -
----------------
  717,254
----------------
    12,159,530
----------------
 
  -
----------------
  -
----------------
  12,159,530
-----------------
Change in net assets   3,351,625   13,804,738   3,323,712   20,480,075
Net assets at beginning of year   6,877,557
-----------------
  99,584,064
-----------------
  33,509,299
-----------------
  139,970,920
-----------------

Net assets at end of year

  $10,229,182
===========
  $113,388,802
===========
  $36,833,011
===========
  $160,450,995
===========

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