Financials FY2019

 

Consolidated Statement of Activities

Preliminary (Unaudited)

Year ended Sept. 30, 2019

Revenues

 

Contributions

 $           1,219,274

Grants and contracts

           475,845,507

Investment income

              3,659,506

Licensing fees and other

              2,655,902

Net assets released from restrictions and transfers

                    --

Total revenues

           483,380,189

Expenses

 

Program services

 

Research grants and contracts

           461,921,107

Other program activities

             11,701,239

Endowment and similar programs

               9,995,883

Special projects

               1,518,090

Total program services

           485,136,319

Total support services

               4,748,405

Total expenses

           489,884,724

Change in net assets

             (6,504,535)

Net assets, beginning of year

           148,311,200

Net assets, end of year

$         141,806,665

 

Consolidated Statement of Financial Position

Preliminary (Unaudited)

As of Sept. 30, 2019

Assets

 

Cash and cash equivalents

 $         51,117,447

Grants and contracts receivable, net

          106,812,883

Prepaid expenses and other current assets

              7,253,788

Investments

            44,445,661

Property and equipment, net

              5,589,725

Receivable for carry-forward of indirect costs

              1,884,296

Total Assets

$        217,103,800

Liabilities

 

Accounts payable and accrued expenses

 $         41,551,776

Accounts payable due to change in donor intent

                      --

Accrued leave and benefits

            14,762,928

Deferred revenue

              4,592,588

Deferred rent

              6,186,722

Other payables

              8,203,122

Total Liabilities

            75,297,135

Net assets

 

Without donor restriction

            90,834,851

With donor restriction

            50,971,814

Total net assets

          141,806,665

Total liabilities & net assets

$        217,103,800