Current Assets
|
6/30/2012
|
6/30/2011
|
| Cash and Cash Equivalents |
4,649,014 |
4,001,250 |
| Restricted Cash |
450,137 |
743,240 |
| Student Accounts and Notes Receivable |
3,224,658
|
3,389,514 |
| Current Portion of Contributions Receivable |
175,066
|
1,895 |
| Accrued Interest and Other Receivables |
47,566
|
71,909 |
| Inventory |
317,131
|
370,891 |
| Total Current Assets |
8,863,572
|
8,578,699 |
Other Assets
|
|
|
| Investments |
72,985,832
|
82,287,080 |
| Beneficial Interest in Remainder Trusts |
1,291,142
|
1,303,028 |
| Land, Buildings and Equipment, Net |
13,044,814
|
10,048,163 |
| Other Assets |
1,789,075
|
1,790,472 |
| Total Other Assets |
90,042,803
|
96,252,113 |
|
|
|
| Total Assets |
98,906,375
|
104,830,812 |
Current Liabilities
|
|
|
| Notes Payable and Capital Leases |
2,168,187
|
331,855 |
| Accounts Payable |
883,100
|
659,850 |
| Line of Credit |
3,180,679
|
2,711,960 |
| Accrued Expenses |
1,317,370
|
1,031,240 |
| Deposits and Deferred Rental Revenue |
297,035
|
311,964 |
| Current Portion of Split-Interest Agreements |
564,352
|
616,997 |
| Total Current Liabilities |
8,410,723
|
5,663,866 |
Long-Term Liabilities
|
|
|
| Split-Interest Agreements |
3,468, 658
|
3,420,084 |
| Notes Payable and Capital Leases |
4,588,573
|
4,381,746 |
| Asset Retirement Obligation |
2,142,183
|
1,650,674 |
| Advances from Government for Federal Loans |
2,095,333
|
2,070,893 |
| Total Long-Term Liabilities |
12,294,747
|
11,523,397 |
| |
|
|
| Total Liabilities |
20,705,470
|
17,187,263 |
Net Assets
|
|
|
| Unrestricted |
(4,649,005)
|
2,869,408 |
| Temporarily Restricted |
10,946,386
|
14,256,493 |
| Permanently Restricted |
71,903,524
|
70,517,648 |
| Total Net Assets |
78,200,905
|
87,643,549 |
| |
|
|
| Total Liabilities and Net Assets |
98,906,375
|
104,830,812 |
