June 30, 2012
(With comparative totals for June 30, 2011)
| 2012 | 2011 | ||||
| Unrestricted | Temporarily Restricted | Permanently Restricted | Total | Total | |
|---|---|---|---|---|---|
| Revenue and support: | |||||
| Contributions | $ 19,000 | $ 495,980 | $ 145,448 | $ 660,428 | $ 799,105 |
| Interest and dividends | 5,922 | 25,006 | 180,566 | 211,494 | 191,372 |
| Net realized and unrealized gains (losses) on marketable securities | 5,451 | 19,761 | 145,223 | 170,435 | 769,335 |
| Interfund management fees and other income | 148,055 | - | - | 148,055 | 128,098 |
| Net assets released from restrictions | 546,976 | (357,962) | (189,014) | - | - |
| Total revenue and support | 725,404 | 182,785 | 282,223 | 1,190,412 | 1,887,910 |
| Expenses: | |||||
| Scholarships | 75,285 | - | - | 75,285 | 48,589 |
| Operating expenses | 122,873 | - | - | 122,873 | 98,419 |
| Personal services | 61,084 | - | - | 61,084 | 48,783 |
| Interfund management fees | 147,749 | - | - | 147,749 | 126,491 |
| University support | 261,016 | - | - | 261,016 | 193,179 |
| Student support | 36,725 | - | - | 36,725 | 89,181 |
| Travel and promotion | 60,278 | - | - | 60,278 | 73,080 |
| Total expenses | 765,010 | - | - | 765,010 | 677,722 |
| Increase (decrease) in net assets | (39,606) | 182,785 | 282,223 | 425,402 | 1,210,188 |
| Transfers | - | (41,359) | 41,359 | - | - |
| Net assets, beginning of year | 330,383 | 1,122,706 | 6,372,191 | 7,825,280 | 6,615,092 |
| Net assets, end of year | $ 290,777 | $ 1,264,132 | $ 6,695,773 | $ 8,250,682 | $ 7,825,280 |