NATIONAL ACADEMY OF SCIENCES
Statements of Financial Position December 31, 2010 and 2009 (Dollars in thousands)
Assets |
2010 |
2009 |
Current assets: |
|
|
Cash and cash equivalents |
$ 1,522 |
$ 1,387 |
Short-term investments (note 3) |
56,777 |
49,113 |
Contracts receivable – U.S. government (note 12) |
58,426 |
47,027 |
Contributions and other receivables, net (note 6) |
12,922 |
14,565 |
Bond proceeds held with trustee (note 13) |
47,216 |
- |
Other current assets |
5,828 |
4,627 |
Total current assets |
182,691 |
116,719 |
Other assets (notes 2, 13, 15, and 17) |
7,468 |
8,093 |
Long-term investments (note 3) |
423,062 |
376,163 |
Contributions receivable, net (note 6) |
22,235 |
28,191 |
Property and equipment, net (notes 5 and 16) |
134,953 |
127,476 |
Einstein Memorial |
1,723 |
1,723 |
Total assets |
$ 772,132 |
$ 658,365 |
Liabilities and Net Assets |
|
|
Liabilities: |
|
|
Current liabilities: |
|
|
Accounts payable and accrued expenses |
$ 47,116 |
$ 42,064 |
Deferred revenue (notes 7 and 12) |
28,007 |
32,080 |
Line of credit (note 8) |
10,000 |
- |
Other current liabilities (notes 13 and 14) |
4,776 |
3,498 |
Total current liabilities |
89,899 |
77,642 |
Bonds payable (note 13) |
181,202 |
122,545 |
Funds held on behalf of others (note 3) |
9,918 |
8,794 |
Note payable (note 14) |
- |
757 |
Accrued employee benefits (note 15) |
4,618 |
4,603 |
Other long-term liabilities (notes 2, 13, and 16) |
13,370 |
14,057 |
Total liabilities |
299,007 |
228,398 |
Net assets: |
|
|
Unrestricted |
89,054 |
72,871 |
Temporarily restricted (note 9) |
265,702 |
241,734 |
Permanently restricted (note 10) |
118,369 |
115,362 |
Total net assets |
473,125 |
429,967 |
Commitments and contingencies (notes 3, 12, 13, 15, 18, and 19) |
|
|
Total liabilities and net assets |
$ 772,132 |
$ 658,365 |
See accompanying notes to financial statements.