Report of the Treasurer to the Council for the Year Ended December 31, 2003 (2004)
Chapter: Statements of Financial Position
NATIONAL ACADEMY OF SCIENCES
Statements of Financial Position December 31, 2003 and 2002 ($ in thousands)
|
Assets |
2003 |
2002 |
|
Current assets: |
||
|
Cash and cash equivalents |
$ 770 |
$ 793 |
|
Short-term investments (note 3) |
58,593 |
62,762 |
|
Contracts receivable - U.S. government (note 11) |
48,899 |
46,416 |
|
Contributions and other receivables (notes 5) |
27,454 |
12,487 |
|
Publications and supplies inventories |
1,625 |
2,231 |
|
Bond proceeds held with trustee (note 12) |
3,328 |
3,372 |
|
Prepaid expenses and other |
2,348 |
2,685 |
|
Total current assets |
143,017 |
130,746 |
|
Other assets (note 14) |
7,737 |
6,681 |
|
Long-term investments (note 3) |
282,561 |
238,587 |
|
Contributions receivable (note 5) |
36,157 |
30,030 |
|
Property and equipment, net (note 4) |
141,316 |
140,971 |
|
Einstein Memorial |
1,723 |
1,723 |
|
|
612,511 |
548,738 |
|
Liabilities and Net Assets |
||
|
Current liabilities: |
||
|
Accounts payable and accrued expenses |
$ 35,665 |
$ 33,025 |
|
Deferred revenue (note 6) |
20,419 |
28,432 |
|
Note payable (note 13) |
10,000 |
— |
|
Line of credit and other current liabilities (notes 7 and 12) |
17,679 |
23,885 |
|
Total current liabilities |
83,763 |
85,342 |
|
Bonds payable (note 12) |
127,245 |
128,641 |
|
Funds held on behalf of others (note 3) |
19,967 |
16,975 |
|
Note payable (note 13) |
— |
10,000 |
|
Accrued lease liability (note 12) |
11,941 |
16,220 |
|
Accrued employee benefits (note 14) |
9,698 |
7,744 |
|
Deferred gain and other liabilities (note 12) |
1,921 |
2,660 |
|
Total liabilities |
254,535 |
267,582 |
|
Net assets: |
||
|
Unrestricted |
101,130 |
74,536 |
|
Temporarily restricted (note 8) |
160,753 |
113,420 |
|
Permanently restricted (note 9) |
96,093 |
93,200 |
|
Total net assets |
357,976 |
281,156 |
|
Commitments and contingencies (notes 3, 11, 12, 14, and 15) |
||
|
Total liabilities and net assets |
$612,511 |
548,738 |
See accompanying notes to financial statements.
