Financial Highlights

Please Note: The data included here in our 2016 Annual Report is our most recent fully audited data, which is from 2015.

We encourage readers to return to our website in the fall, when we will publish financial information for the 2016 fiscal year.

Assets

December 31, 2015

CURRENT ASSETS
Cash and cash equivalents$7,090,795
Accounts receivable$9,169
Refunds receivable$151,105
Grants receivable$20,000
Other receivables$11,369
Inventory$34,985
Prepaid expenses$258,024
Total current assets$7,575,447
PROPERTY AND EQUIPMENT - net$2,933,198
OTHER ASSETS
Deposits$82,544
Goodwill$4,231,063
Total other assets$4,313,607
Total assets$14,822,252

Liabilities and Net Assets

December 31, 2015

CURRENT LIABILITIES
Accounts payable and accrued expenses$2,636,084
Note payable - current portion$500,000
Total current liabilities$3,136,084
OTHER LIABILITIES
Note payable$625,000
Deferred rent$343,924
Total other liabilities$968,924
COMMITMENTS-
NET ASSETS
Unrestricted$10,628,866
Temporarily restricted$88,378
Total net assets$10,717,244
Total liabilities and net assets$14,822,252

Consolidated Statement of Activities

Year ended December 31, 2015

REVENUES AND SUPPORTUnrestrictedTemporarily RestrictedTotal
Burning Man annual event$35,578,074-$35,578,074
Contributions, gifts and grants$682,768$669,9431,352,711
Other program revenue$156,215-$156,215
Fundraising events - (net of direct expenses of $327,818)$314,081-$314,081
Interest income$8,754-$8,754
Other income$21,196-$21,196
Subtotal$36,761,088$669,943$37,431,031
Net assets released from restrictions$723,156($723,156)-
Total revenues and support$37,484,244$(53,213)$37,431,031
EXPENDITURES
Program expenses$30,454,146-$30,454,146
Management and general$5,510,228-$5,510,228
Fundraising$451,414-$451,414
Total expenditures$36,415,788-$36,415,788
CHANGE IN NET ASSETS$1,068,456$(53,213)$1,015,243
Net assets - beginning of year$9,560,410$141,591$9,702,001
Net assets - end of year$10,628,866$88,378$10,717,244