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The following financial information is a condensed version of the audited financial statements as of September 30, 2011. A copy of the audited financial statements for the year ended September 30, 2011 may be obtained upon request.
Statement of Financial Position
| Assets |
Cash and cash equivalents | $315,572 |
| Receivables | $1,006,453 |
| Investments | $6,832,018 |
Beneficial interest
in perpetual trust | $122,938 |
| Inventories | $221,698 |
| Other assets | $673,980 |
| Property and equipment, net | $16,206,776 |
| Total assets | $25,379,435 |
| Liabilities |
Line of credit | $0 |
| Accounts payable | $184,528 |
| Accrued liabilities | $522,241 |
| Unearned revenue | $59,527 |
Deferred revenue,
membership dues | $218,117 |
| Capital leases payable | $36,425 |
| Liability under trust agreement | $75,527 |
| Total liabilities | $1,096,365 |
| Net assets |
| Operating | $555,853 |
| Other unrestricted | $17,850,315 |
| Temporarily restricted | $1,754,063 |
| Permanently restricted | $4,122,839 |
| Total net assets | $24,283,070 |
| Total liabilities and net assets | $25,379,435 |
| Operating Expenses Incurred |
| Facilities | 28% |
| Exhibits & Collections | 24% |
| Center for Sonoran Desert Studies | 15% |
| Administration & General | 15% |
| Development | 6% |
| Visitor Services | 4% |
| Design | 4% |
| Art Institute | 4% |
| Source of Operating Revenues |
| Admissions | 32% |
| Contributions | 18% |
| Membership | 16% |
| Investment & Other | 13% |
| Concessions and Food Services | 8% |
| Grants | 5% |
| Support from Designated Funds | 5% |
| Education | 3% |
Operating Activity
Revenues and Other Support
Expenses
| Total Revenues and Other Support | $7,088,829 |
| Total Expenses | $7,428,525 |
| Change in net operating assets | ($339,696) |
Net operating assets,
beginning of year | $550,549 |
Net operating assets,
end of year | $555,853 |
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