KENTUCKY STATE UNIVERSITY FOUNDATION, INC.
Statements of Financial Position
June 30, 2015 and 2014
| Assets | 2015 | 2014 |
|---|
| Current assets: | | |
|---|
| Cash and cash equivalents | $ 1,956,892 | $ 1,889,815 |
|---|
| Investments, at fair value | 9,487,554 | 9,175,002 |
|---|
| Property and equipment: | | |
|---|
| Equipment | 140,400 | 140,400 |
|---|
| Buildings and improvements | 65,526 | 65,526 |
|---|
| 205,926 | 205,926 |
|---|
| Accumulated depreciation | (175,259) | (158,301) |
|---|
| Property and equipment, net | 30,667 | 47,625 |
|---|
| Other assets | 35,722 | 35,251 |
|---|
| Total assets | $ 11,510,835 | $ 11,147,693 |
|---|
| Liabilities and Net Assets | | |
|---|
| Current liabilities: | | |
|---|
| Accounts payable | $ 49,814 | $ 15,566 |
|---|
| Accrued liabilities | 2,777 | 3,697 |
|---|
| Total liabilities | 52,591 | 19,263 |
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| Net assets: | | |
|---|
| Unrestricted: | 334,691 | 377,256 |
|---|
| Temporarily restricted: | 7,492,125 | 7,285,817 |
|---|
| Permanently restricted | 3,631,428 | 3,465,357 |
|---|
| Total net assets | 11,458,244 | 11,128,430 |
|---|
| Total liabilities and net assets | $ 11,510,835 | $ 11,147,693 |
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