Financials
University of Baltimore Foundation, Inc. and University Properties, Inc.
Combined Statement of Financial Position
June 30, 2017 and 2016
ASSETS | 2017 | 2016 |
Cash and Cash Equivalents | $9,810,517 | $10,509,879 |
Investments | 52,148,209 | 49,135,228 |
Pledges Receivable | 5,096,709 | 2,729,742 |
Land and Buildings | 233,641 | 275,980 |
Collections | 454,284 | 454,284 |
Other | 87,913 | 29,231 |
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Total | $67,831,273 | $63,134,344 |
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LIABILITIES AND NET ASSETS | ||
Liabilities | $1,994,739 | $1,560,192 |
Net Assets | ||
Unrestricted | 6,321,667 | 6,010,216 |
Temporarily Restricted | 20,278,127 | 17,534,376 |
Permanently Restricted | 39,236,740 | 38,029,560 |
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Total Net Assets | 65,836,534 | 61,574,152 |
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Total | $67,831,273 | $63,134,344 |
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Consolidated Statements of Activities for the Years Ended June 30, 2017 and 2016 |
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REVENUES | 2017 |
2016 |
Contributions and Grants | $6,572,060 | $3,843,546 |
Investment Income | 688,093 | 805,832 |
Other Income | 156,241 | 143,960 |
Realized and Unrealized Gains and (Losses) on Investments, Net | 4,651,597 | (2,220,993) |
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Total Revenues | $12,067,991 | $2,572,345 |
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EXPENSES | ||
Program | $6,883,459 | $4,797,469 |
General and Administrative | 615,443 | 525,041 |
Fundraising | 306,707 | 300,780 |
Total Expenses | $7,805,609 | $5,623,290 |
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Change in Net Assets |
$4,262,382
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$(3,050,945) |
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