Report of the Treasurer for the Year Ended December 31, 2011 (2012)
Chapter: Statements of Financial Position
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Suggested Citation:
"Statements of Financial Position." National Academy of Sciences. 2012. Report of the Treasurer for the Year Ended December 31, 2011. Washington, DC: The National Academies Press.
doi: 10.17226/13445.
NATIONAL ACADEMY OF SCIENCES
Statements of Financial Position
December 31, 2011 and 2010
(In thousands)
| Assets | 2011 | 2010 | |||
| Current assets: | |||||
| Cash and cash equivalents | $ | 1,433 | $ | 1,522 | |
| Short-term investments (note 3 and 4) | 54,312 | 56,777 | |||
| Contracts receivable | 92,410 | 58,426 | |||
| Contributions and other receivables, net (note 6) | 9,579 | 12,922 | |||
| Bond proceeds held with trustee (note 4 and 13) | 22,512 | 47,216 | |||
| Other current assets | 7,584 | 5,828 | |||
| Total current assets | 187,830 | 182,691 | |||
| Other assets (notes 2, 13, 15, and 17) | 6,965 | 7,468 | |||
| Long-term investments (note 3 and 4) | 392,025 | 423,062 | |||
| Contributions receivable, net (note 6) | 20,902 | 22,235 | |||
| Property and equipment, net (notes 5 and 16) | 159,651 | 134,953 | |||
| Einstein Memorial | 1,723 | 1,723 | |||
| Total assets | $769,096 | $ | 772,132 | ||
| Liabilities and Net Assets | |||||
| Liabilities: | |||||
| Current liabilities: | |||||
| Accounts payable and accrued expenses | $ | 59,192 | $ | 47,116 | |
| Deferred revenue (notes 7 and 12) | 33,097 | 28,007 | |||
| Line of credit (note 8) | 20,885 | 10,000 | |||
| Other current liabilities (notes 13 and 14) | 4,330 | 4,776 | |||
| Total current liabilities | 117,504 | 89,899 | |||
|
Bonds payable (note 13) |
178,962 | 181,202 | |||
| Funds held on behalf of others (note 3 and 4) | 9,185 | 9,918 | |||
| Accrued employee benefits (note 15) | 7,665 | 4,618 | |||
| Other long-term liabilities (notes 2, 13, and 16) | 15,516 | 13,370 | |||
| Total liabilities | 328,832 | 299,007 | |||
| Net assets: | |||||
| Unrestricted | 83,259 | 89,054 | |||
| Temporarily restricted (note 9) | 235,004 | 265,702 | |||
| Permanently restricted (note 10) | 122,001 | 118,369 | |||
| Total net assets | 440,264 | 473,125 | |||
| Commitments and contingencies (notes 3, 12, 13, 15, 18, and 19) | |||||
| Total liabilities and net assets | 769,096 | $ | 772,132 | ||
See accompanying notes to financial statements.
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