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DocuSign Envelope ID:66651854-9741-4A24-AE80-28409E6F98EA
<br /> North Carolina Symphony,Society, Inc,
<br /> North Carolina Symphony Foundation
<br /> Consolidating Statements of Financial Position fay Fund)
<br /> June 30, 2016 and 2016
<br /> 2016
<br /> Society Foundation 11,aim Gifts
<br /> Current Endowment Program
<br /> Fund Fund Fund Total
<br /> Assets
<br /> Cash and cash equivalents $ 11,640 S - $ 2,373,293 $ 2,384,933
<br /> Contributions receivable, net 1,28,8,998 '136,143 304,074 2,228,215
<br /> Other receivables 20,027 - - 20,627
<br /> Prepaid expenses 279,732 - - 279;782
<br /> Investments - 11,021,428 3,766,506 14,776,933
<br /> Intercompany receivable 426,029 127,934 - A
<br /> Assets hekt in charitable reffiaioder trusts - 66,978 . 88 878
<br /> Split-interet agreements and beneficial
<br /> interests in perpotual irusts . 1,937,764 ,. 1,937,764
<br /> Equipment and leasehold improvements,
<br /> net ot accumulated depreciation, 134,284 - - 134,264
<br /> Historical treasures - 356,,01't . 350,000
<br /> Cash'value,of life insurance - 264,078 . 234„078
<br /> Total assets $ 2 662 740 $ 13973,273 $ 6 432 072 5 22 412,972
<br /> Liabilities and Net Assets (0',:lielt)
<br /> Lianitilies:
<br /> Accounts payable and accrued liabilities, 5 562,153 $ - $ 4,749 $ 666,902
<br /> I
<br /> Line of credit 1,208,100 - - 1,208,100, I
<br /> Oa!erred revenue 1,736,638 . ., 1„7"35638
<br /> intercompany payable 62,775 - 493,138 .
<br /> Obligations under capital leases 12,826
<br /> Obligations under spiii-inierest
<br /> egre,ements - 48962 93,72 142,294
<br /> Notes payable 814,181 - - U14181
<br /> ,
<br /> Total liabilities 4,398,673 48662 691,619 4,479,; 1
<br /> Net ease,ra dirritin {1 732 833l ' i 824 711
<br /> , , , A M 5,841,263 17,933,131
<br /> Totat liabilities and net assets 5 2 662 740 $ 13 873,273 6 6A32,872 $ 22 412 972
<br /> 'Eliminated in consolidation
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<br /> 24 1
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