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RAMAPO MAGAZINE
Annual Report 2000, Special Edition
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In this Issue
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Ramapo College Foundation - Financial Statements
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STATEMENT OF FINANCIAL POSITION
June 30, 2000 (With comparative totals for 1999)
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Unrestricted
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Temporarily
Restricted
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Permanently
Restricted
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2000
Total
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1999
Total
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Assets
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Cash and cash equivalents
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$141,706
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$244,424
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$137,515
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$523,645
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$503,816
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Accounts receivable
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6,925
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19,864
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26,789
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1,750
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Unconditional promises to give
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1,427,794
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1,273,375
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2,701,169
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2,624,878
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Allowance for doubtful accounts
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(3,000)
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(50,000)
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(53,000)
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(61,750)
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Investments
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773,265
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3,526,901
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1,589,228
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5,889,394
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5,642,563
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Interest receivable
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49,738
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49,738
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17,164
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Prepaid expenses
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15,829
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15,829
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20,996
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Total assets
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$934,725
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$5,218,721
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$3,000,118
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$9,153,564
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$8,749,417
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Liabilities and Net Assets
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Accounts payable
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$1,226
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$9,848
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$11,074
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$26,529
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Due to Ramapo College of New Jersey
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29,695
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10,369
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40,064
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50,360
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Refundable advances
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4,128,193
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4,128,193
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4,725,823
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Deferred income
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70,905
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4,569
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75,474
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90,887
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Due to agency funds
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290,869
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290,869
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314,690
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Total liabilities
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101,826
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4,443,848
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4,545,674
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5,208,289
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Net assets
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832,899
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774,873
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3,000,118
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4,607,890
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3,541,128
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Total liabilities and net assets
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$934,725
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$5,218,721
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$3,000,118
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$9,153,564
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$8,749,417
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return to top
STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS
Year ended June 30, 2000 (With comparative totals for 1999)
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Unrestricted
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Temporarily
Restricted
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Permanently
Restricted
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2000
Total
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1999
Total
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Operating support and revenue
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Donations
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$157,009
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$1,187,965
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$760,067
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$2,105,041
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$1,003,313
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Fund raising
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339,182
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8,014
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347,196
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445,322
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Special events
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3,851
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3,851
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5,790
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Memberships
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14,515
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14,515
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8,250
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Program service
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52,295
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52,295
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4,596
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Other
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4,500
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4,500
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9,225
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Investment income
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242,227
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101,055
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343,282
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190,994
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Net unrealized gain (loss) on investments
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(5,175)
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(5,175)
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188,544
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Net assets released from restrictions
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1,235,291
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(1,235,291)
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Total operating support and revenue
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$2,048,870
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$48,554
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$768,081
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$2,865,505
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$1,856,034
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Operating expenses
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Foundation operations*
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$1,454,687
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$1,454,687
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$406,550
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Alumni
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45,138
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45,138
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45,959
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Scholarships**
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121,797
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121,797
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133,111
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Fund raising
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102,337
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102,337
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152,443
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Faculty grants
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71,488
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71,488
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40,319
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Friends
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3,296
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3,296
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12,073
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Total operating expenses
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1,798,743
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1,798,743
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790,455
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Change in net assets from operations
Other changes in net assets
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250,127
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48,554
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768,081
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1,066,762
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1,065,579
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Transfers
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(9,925)
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(2,534)
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12,459
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Change in net assets
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240,202
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46,020
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780,540
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1,066,762
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1,065,579
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Net assets, beginning of year
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592,697
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728,853
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2,219,578
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3,541,128
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2,475,549
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Net assets, end of year
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$832,899
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$774,873
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$3,000,118
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$4,607,890
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$3,541,128
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* $1,100,000 of this amount represents a payment to the College for the Berrie Center
** Total scholarships and awards (endowed and annual) available was $258,225
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In this Issue
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