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.



The National Academies | 500 Fifth St. N.W. | Washington, D.C. 20001
Copyright © National Academy of Sciences. All rights reserved.
Terms of Use and Privacy Statement



Below are the first 10 and last 10 pages of uncorrected machine-read text (when available) of this chapter, followed by the top 30 algorithmically extracted key phrases from the chapter as a whole.
Intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text on the opening pages of each chapter. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

Do not use for reproduction, copying, pasting, or reading; exclusively for search engines.

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.