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Statement of Financial Position as of June 30, 2007
Financial statements for fiscal year 2007 were audited by independent public accountants Condon, O'Meara, McGinty & Donnelly LLP. A summary of the financial statements follows. A copy of their complete report with financial statements and related notes is available upon request from the Garden.
Assets
| Cash and cash equivalents | $849,601 |
|---|---|
| Investments at market value | 30,553,006 |
| Trusts held by third parties | 2,598,690 |
| Accounts receivable | 1,108,787 |
| Pledges and grants receivable | 618,310 |
| Inventory | 268,476 |
| Prepaid expenses | 35,013 |
| Property and equipment, net | 12,397,447 |
| Total assets | $48,429,330 |
Liabilities and Net Assets
Liabilities
| Accounts payable and accrued expenses | $1,550,996 |
|---|---|
| Post-retirement benefits | 7,101,915 |
| Deferred support | 117,455 |
| Total liabilities | 8,770,366 |
Net Assets
| Unrestricted | 35,385,607 |
|---|---|
| Temporarily restricted | 440,119 |
| Permanently restricted | 3,833,238 |
| Total net assets | 39,658,964 |
| Total liabilities and net assets | $48,429,330 |
