Financial Highlights

Assets

CURRENT ASSETS
Cash and cash equivalents8,632,153
Accounts receivable64,906
Refunds receivable42,430
Pledges receivable900,000
Investments150,000
Inventory35,525
Prepaid expenses264,475
Other assets66,849
Total current assets10,156,338
PROPERTY AND EQUIPMENT - net10,005,068
OTHER ASSETS
Deposits77,603
Goodwill4,231,063
Total other assets4,308,666
Total assets24,470,072

Liabilities and Net Assets

CURRENT LIABILITIES
Accounts payable and accrued expenses2,940,174
Note payable - current portion464,000
Deferred rent - current portion20,036
Total current liabilities3,424,210
OTHER LIABILITIES
Note payable696,000
Deferred rent370,480
Total other liabilities1,066,480
COMMITMENTS0
NET ASSETS
Unrestricted19,043,788
Temporarily restricted935,594
Total net assets19,979,382
Total liabilities and net assets24,470,072

Consolidated Statement of Activities

REVENUES AND SUPPORTUnrestrictedTemporarily RestrictedTotal
Burning Man annual event38,598,189-38,598,189
Contributions, gifts and grants664,0906,777,0067,441,096
In-kind contributions321,000-321,000
Other program revenue458,515-458,515
Fundraising events - (net of direct expenses of $165,906)160,122-160,122
Interest income1,795-1,795
Other income53,031-53,031
Subtotal40,256,7426,777,00647,033,748
Net assets released from restrictions5,929,790-5,929,790-
Total revenues and support46,186,532847,21647,033,748
EXPENDITURES
Program expenses31,395,183-31,395,183
Management and general5,827,799-5,827,799
Fundraising548,628-548,628
Total expenditures37,771,610-37,771,610
CHANGE IN NET ASSETS8,414,922847,2169,262,138
Net assets - beginning of year10,628,86688,37810,717,244
Net assets - end of year19,043,788935,59419,979,382