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Financial Information
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Growth of Foundation Assets
Growth of Endowed Funds
BSU Foundation Scholarship Dollars Provided
Cash Contributions Received
Rate of Investment Return
Bemidji State University Foundation
Statement of Position
June 30, 2007
|
ASSETS |
|
|
|
|
|
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| Current Assets |
|
|
|
| Cash and Cash Equivalents |
|
$ |
47,288 |
| Investments |
|
|
12,311,901 |
| Contributions Receivable |
|
|
329,225 |
| Prepaid Expenses |
|
|
2,652 |
| Total Current Assets |
|
|
12,691,066 |
|
|
|
|
| Property and Equipment |
|
|
424,909 |
|
|
|
|
| Other Assets |
|
|
|
| Contributions Receivable |
|
|
125,835 |
| Remainder Interest in Real Estate |
|
|
76,940 |
| Cash Surrender Value Life Insurance |
|
|
37,794 |
| Total Other Assets |
|
|
240,569 |
|
|
|
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| Total Assets |
|
|
13,356,544 |
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LIABILITIES AND NET ASSETS |
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| Current Liabilities |
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| Accounts Payable |
|
$ |
27,410 |
| Annuities Payable, Current Portion |
|
|
40,509 |
| Note Payable, Current Portion |
|
|
5,696 |
| Total Current Liabilities |
|
|
73,615 |
|
|
|
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| Long-term Liabilities |
|
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| Annuities Payable, Long Term Portion |
|
|
174,678 |
| Note Payable, Long Term Portion |
|
|
13,289 |
| Total Long Term Liabilities |
|
|
187,967 |
|
|
|
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| Total Liabilities |
|
|
261,582 |
|
|
|
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| Net Assets |
|
|
|
| Unrestricted Net Assets |
|
|
|
| University Fund |
$ |
262,742 |
|
| Alumni House Acquisition |
|
-80,000 |
|
| Plant Fund |
|
424,909 |
|
| Total Unrestricted Net Assets |
|
|
607,651 |
|
|
|
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| Temporarily Restricted Net Assets |
|
|
2,673,492 |
| Permanently Restricted Net Assets |
|
|
9,813,819 |
|
|
|
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| Total Net Assets |
|
|
13,094,962 |
|
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| Total Liabilities and Net
Assets |
|
|
13,356,544 |
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