STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
NET ASSETS, BEGINNING
$13,386,670
$14,069,458
Gifts
1,465,461
1,948,496
Total Operating Revenues
1,465,461
1,948,496
Instruction
109,062
155,625
Academic Support
1,159,053
1,056,158
Student Services
182,634
221,416
Institutional Support
642,882
304,956
Student Aid
791,771
1,114,726
Total Operating Expenses
2,887,402
2,852,881
Operating (Loss) Surplus
(1,421,941)
(904,385)
Gifts from Community College of Philadelphia Foundation
(95,000)
(12,100)
Non-governmental Grants and Contracts
1,713,173
1,391,006
Net Investment Income
486,556
3,168,446
Net Non-operating (Loss) Revenues
2,104,729
4,547,352
Increase (Decrease) in Net Assets
682,788
3,642,967
NET ASSETS, ENDING
$14,069,458
$17,712,425
STATEMENT OF NET POSITION
Cash and Cash Equivalents*
1,622,503
1,452,851
Short-Term Investments*
858,020
1,880,952
Accounts Receivable, net
308,190
80,072
Total Current Assets
2,794,471
3,421,729
Endowment Investments*
12,369,001
15,562,198
Accounts Receivable, net*
41,701
Total Non-Current Assets
12,410,702
15,562,198
Total Assets
15,205,173
15,562,198
LIABILITIES AND NET POSITION
Accounts Payable and Accrued Liabilities*
838,980
869,020
Unearned Revenue
280,063
356,577
Total Current Liabilities
682,788
3,642,967
Annuity Payable
12,516
37,812
Total Non-Current Liabilities
12,516
37,812
Total Liabilitities
1,135,715
1,265,340
DEFERRED INFLOWS OF RESOURCES
6,162
Scholarships, Awards and Faculty Chair
10,137,142
13,244,521
Scholarships, Awards and Faculty Chair
2,168,423
2,323,305
Capital Projects
77,511
202,829
Unrestricted
1,683,385
1,934,266
TOTAL NET POSITION
$14,069,458
$17,712,425