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Brooklyn Botanic Garden 2005 Annual Report

Statement of Financial Position as of June 30, 2005

Financial statements for 2005 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

Asset	Amount
Cash and cash equivalents	$36,882
Investments at market value	29,319,250
Trusts held by third parties	2,235,248
Accounts receivable	1,092,989
Pledges and grants receivable	933,837
Inventory	253,515
Prepaid expenses	35,924
Property and equipment, net	12,432,887
Total assets	$46,340,532

Liabilities and Net Assets

Liabilities	Amount
Accounts payable and accrued expenses	$1,898,194
Postretirement benefits	2,931,770
Deferred support	4,000
Total liabilities	4,833,964
Net Assets
Unrestricted	37,486,231
Temporarily restricted	550,541
Permanently restricted	3,469,796
Total net assets	41,506,568
Total liabilities and net assets	$46,340,532

Sources of Income

Source	Percentage
Contributions and Membership	35%
City, State, and Federal	32%
Earned Income	18%
Investment Income	10%
Admissions	5%

Uses of Income