Home » More About BBG » Annual Report » 2003
Brooklyn Botanic Garden 2003 Annual Report
Statement of Financial Position as of June 30, 2003
Financial statements for 2003 were audited by independent public accountants Grant Thorton LLP. A summary of the financial statement follows. A copy of their complete report with financial statements and related notes is available upon request from the Garden.
Assets
| Asset | Amount |
|---|---|
| Cash | $332,476 |
| Investments | 27,242,521 |
| Trusts held by third parties | 1,966,332 |
| Accounts receivable | 237,216 |
| Pledges and grants receivable | 324,971 |
| Inventory | 216,764 |
| Property and equipment, net | 13,856,953 |
| Total assets | $44,177,233 |
Liabilities and Net Assets
| Liabilities | Amount |
|---|---|
| Accounts payable and accrued expenses | $1,618,620 |
| Pension and other postretirement benefits | 2,206,203 |
| Deferred support | 10,860 |
| Total liabilities | 3,835,683 |
| Net Assets | |
| Unrestricted | 36,277,688 |
| Temporarily restricted | 677,391 |
| Permanently restricted | 3,386,471 |
| Total net assets | 40,341,550 |
| Total liabilities and net assets | $44,177,233 |
Sources of Income
| Source | Percentage |
|---|---|
| Contributions and Membership | 39% |
| City, State, and Federal | 28% |
| Earned Income | 19% |
| Investment Income | 10% |
| Admissions | 4% |
Uses of Income
| Use | Percentage |
|---|---|
| Program Services | 70% |
| Adminstration | 19% |
| Development & Membership | 11% |