Independent Auditors' Report Statements of Financial Position Statements of Activities Statements of Cash Flows Notes to Financial Statements Printable version of this article (10 pages)

2003   2002 ASSETS Cash $ 29,138   $ 17,671 Investments — At fair value (Notes 1 and 2) 498,148,956   506,879,212 Interest and Dividends Receivable 561,423   1,098,581 Prepaid Taxes — Net (Note 5) 131,218   277,918 Deferred Tax Asset (Note 5) —   285,942 Recoverable Grants 350,000   350,000 Prepaid Insurance and Other Assets 153,769   210,625 Landmark Property at 1 East 75th Street         At appraised value during 1953, the date of donation 275,000   275,000 Furniture, Equipment and Building Improvements         At cost, net of accumulated depreciation of $1,581,112 at June 30, 2003 and $2,433,304 at June 30, 2002 (Note 1) 4,602,389   3,919,962 Total Assets $504,251,893   $513,314,911   LIABILITIES AND NET ASSETS Liabilities:         Accounts payable and accrued expenses $ 1,464,577   $ 2,311,771   Program authorizations payable (Note 3) 18,751,005   18,270,882   Accrued postretirement benefits (Note 4) 1,765,517   2,052,010   Securities transactions payable — net 372,508   5,653,323   Deferred tax liability (Note 5) 475,528   —           Total liabilities 22,829,135   28,287,986 Net Assets:         Unrestricted 481,020,758   484,474,925   Temporarily restricted (Note 7) 402,000   552,000           Total net assets 481,422,758   485,026,925 Total Liabilities and Net Assets $504,251,893   $513,314,911   See notes to financial statements.     Previous | 1 2 3 4 5 | Next   Previous Article | Next Article