KENTUCKY STATE UNIVERSITY FOUNDATION, INC. STATEMENTS OF FINANCIAL POSITION June 30, 2020 (with summarized comparative amounts at June 30, 2019)
20202019
ASSETS
Current assets
Cash and cash equivalents$ 1,205,650$ 1,705,717
Total current assets1,205,6501,705,717
Investments, at fair value9,658,6759,722,111
Property and equipment
Equipment140,400140,400
Buildings and improvements65,52665,526
205,926205,926
Accumulated depreciation(189,634)(186,759)
Property and equipment, net16,29219,167
Other assets32,11937,833
Total assets$ 10,912,736$ 11,484,828
LIABILITIES AND NET ASSETS
Current liabilities
Accounts payable$ 12,250$ 3,463
Accrued liabilities4,6973,618
Total liabilities16,9477,081
Net assets
Without donor restrictions:
Undesignated85,268192,739
Board Designated for endowment1,884,7742,240,078
Total without donor restrictions1,970,0422,432,817
With donor restrictions:
Purpose restriction4,837,2225,052,179
Time-restricted for future periods82,00082,000
Perpetual in nature4,006,5253,910,751
Total with donor restrictions8,925,7479,044,930
Total net assets10,895,78911,477,747
Total liabilities and net assets$ 10,912,736$ 11,484,828
See accompanying notes to financial statements.
16.