Current Assets
|
6/30/2011
|
6/30/2010
|
| Cash and Cash Equivalents |
4,744,490 |
5,262,496 |
| Student Accounts and Notes Receivable |
3,389,514
|
3,670,997 |
| Current Portion of Contributions Receivable |
1,895
|
38,648 |
| Accrued Interest and Other Receivables |
71,909
|
120,866 |
| Inventory |
370,891
|
438,125 |
| Total Current Assets |
8,578,699
|
9,531,132 |
Other Assets
|
|
|
| Investments |
82,287,080
|
69,913,631 |
| Beneficial Interest in Remainder Trusts |
1,303,028
|
1,008,526 |
| Land, Buildings and Equipment, Net |
10,048,163
|
9,729,036 |
| Other Assets |
2,613,842
|
1,100,999 |
| Total Other Assets |
96,252,113
|
81,750,999 |
|
|
|
| Total Assets |
104,830,812
|
91,282,131 |
Current Liabilities
|
|
|
| Notes Payable and Capital Leases |
331,855
|
268,668 |
| Accounts Payable |
659,850
|
30,638 |
| Line of Credit |
2,711,960 |
1,000,000 |
| Accrued Expenses |
1,031,240
|
811,411 |
| Deposits and Deferred Revenue |
311,964
|
333,433 |
| Current Portion of Split-Interest Agreements |
616,997
|
597,632 |
| Total Current Liabilities |
5,663,866 |
3,041,782 |
Long-Term Liabilities
|
|
|
| Split-Interest Agreements |
3,420,084
|
3,182,112 |
| Notes Payable and Capital Leases |
4,381,746
|
1,890,801 |
| Asset Retirement Obligation |
1,650,674
|
1,534,272 |
| Advances from Government for Federal Loans |
2,070,893
|
2,047,140 |
| Total Long-Term Liabilities |
11,523,397 |
8,654,325 |
| |
|
|
| Total Liabilities |
17,187,263
|
11,693,107 |
Net Assets
|
|
|
| Unrestricted |
2,869,408
|
1,274,601 |
| Temporarily Restricted |
14,256,493
|
10,160,919 |
| Permanently Restricted |
70,517,648
|
68,150,504 |
| Total Net Assets |
87,643,549
|
79,586,024 |
| |
|
|
| Total Liabilities and Net Assets |
104,830,812
|
91,282,131 |
