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NATIONAL ACADEMY OF SCIENCES Statements of Financial Position As of December 31, 2020 and 2019 (in thousands) 2020 2019 ASSETS CURRENT ASSETS Cash and cash equivalents (Note 2) $ 59,017 $ 10,378 Contracts receivable, net (Note 2) 47,422 62,082 Contributions and other receivables, net (Notes 2 and 4) 20,581 21,114 Other current assets 7,012 12,580 Total current assets 134,032 106,154 Other assets (Notes 2, 13, and 15) 17,769 10,924 Investments (Note 3) 1,253,415 1,148,672 Contributions receivable, net (Notes 2 and 4) 6,413 7,287 Property and equipment, net (Note 5) 140,452 146,614 Einstein Memorial 1,723 1,723 Total assets $ 1,553,804 $ 1,421,374 LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable and accrued expenses $ 35,240 $ 32,400 Deferred revenue and advances (Note 2 and 11) 51,362 47,238 Other current liabilities (Notes 2, 12, 14, and 15) 7,699 7,086 Total current liabilities 94,301 86,724 Bonds payable, net (Note 12) 144,339 149,038 Funds held on behalf of others (Note 3) 13,882 13,252 Accrued employee benefits (Note 13) 1,667 1,217 Other long-term liabilities (Notes 2, 12, and 15) 12,033 10,502 Total liabilities 266,222 260,733 Commitments and contingencies (Notes 3, 11, 12, 13, and 15) NET ASSETS Without donor restrictions 145,988 125,774 With donor restrictions (Notes 8 and 9) 1,141,594 1,034,867 Total net assets 1,287,582 1,160,641 Total liabilities and net assets $ 1,553,804 $ 1,421,374 The accompanying notes are an integral part of these financial statements. 47
