Current Assets
Cash and Cash Equivalents: $724,000
Accounts Receivable (Net): $271,000
Inventory at Cost: $164,000
Prepaid Expenses & Other Current Assets: $145,000
Total Current Assets: $1,304,000
Other Assets
Denver Foundation Endowment Fund (Net): $144,000
Other Assets: $14,000
Right-of-Use-Asset: $19,000
Total Other Assets: $170,000
Total Assets: $1,481,000
Current Liabilities
Accounts Payable: $15,000
Accrued Vacation and Sick Pay: $84,000
Royalties and Commissions: $137,000
Unearned Income: $202,000
Notes Payable, Current Maturities: $0
Lease Liability, Current Portion: $16,000
Total Current Liabilities: $454,000
Other Liabilities:
Notes Payable, Net of Current Maturities: $149,000
Lease Liability, Net of Current Portion: $0
Total Other Liabilities: $149,000
Total Liabilities: $603,000
Net Assets—Without Donor Restrictions: $878,000
Total Liabilities and Net Assets: $1,481,000
Revenues
Net Book Sales: $1,238,000
Other Publishing Income: $8,000
Member Dues: $436,000
Government Grants: $159,000
Donations, Interest, and Other Income: $305,000
Total Revenues: $2,146,000
Cost of Sales
Cost of Books Sold: $257,000
Title Subsidies: ($25,000)
Inventory Write-Off: $28,000
Royalties and Commissions: $108,000
Total Cost of Sales: $368,000
Gross Margin: $1,778,000
Expenses
Editorial Expense: $530,000
Production Expense: $149,000
Marketing Expense: $178,000
Fulfillment Expense: $245,000
General and Administrative Expense: $359,000
Total Expenses: $1,461,000
Total Increase (Decrease) in Net Assets: $317,000
Net Assets, Beginning of Year: $561,000
Net Assets, End of Year: $878,000
