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OCR for page 38
Report of the Treasurer to the Council of the National Academy of Sciences
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.
Representative terms from entire chapter:
total liabilities
