Page 15 - FY17 ideastream Report to the Community Flipbook
P. 15

 FISCAL REVIEW
  SUMMARY STATEMENT OF FINANCIAL POSITION – At September 30, 2017
Assets
$37,298,201
$8,596,443
$1,026,415
$46,921,059
 Net Assets
 $34,904,621
 $8,596,443
 $1,026,415
 $44,527,479
 SUMMARY STATEMENT OF FINANCIAL ACTIVITIES – For the Year Ended September 30, 2017
Operating
$24,468,986
($896,772)
$0
$23,572,214
Endowment
$3,062,959
$0
$0
$3,062,959
 Total Support and Revenue
 $27,697,812
 ($1,558,903)
 $0
 $26,138,909
Operating
$23,826,819
$0
$0
$23,826,819
Endowment
 $71,530
 $0
 $0
 $71,530
 Net Results before Non-Operating
$1,987,469
($1,558,903)
$0
$428,566
 Change in Net Assets
 ($2,265,438)
 ($1,558,903)
 $0
 ($3,824,341)
     Net Assets – Ending
$34,904,621
$8,596,443
$1,026,415
$44,527,479
 TOTAL REVENUE FY 2017
84.2% RAISED, CONTRIBUTED AND EARNED Individuals, Corporations, Foundations,
Campaign for Community, Special Events, Educational and Public Service, Contracts and Grants, Non-Operating Revenue, Capital and Endowment
10.1%
3.2%
2.5%
75.6% CONTENT
CORPORATION FOR PUBLIC BROADCASTING
Federal
   CUYAHOGA ARTS AND CULTURE
BROADCAST EDUCATIONAL MEDIA COMMISSION
   State
  TOTAL EXPENSE FY 2017
24.4%
SUPPORT
*As a result of the  nal phase of the development of the Idea Center, a $45,000,000 facility representing a creative partnership and civic opportunity with Playhouse Square Foundation, the ideastream  scal year 2017 Change in Net Assets recognizes a one-time, non-recurring expense of $4,252,907 in accumulated depreciation.
 FISCAL YEAR 2017 IDEASTREAM REPORT TO THE COMMUNITY 13
Unrestricted Liabilities $2,393,580 Total Liabilities and Net Assets $37,298,201
SUPPORT AND REVENUE
Plant $1,199,431 Accrual to Cash Adjustment ($1,033,564) EXPENSES
Plant $1,811,994
Temp. Restricted
$0
$8,596,443
($662,131) $0
$0 $0 $0
$10,155,346
Perm. Restricted
$0
$1,026,415
$0 $0
$0 $0 $0
$1,026,415
Total $2,393,580
$46,921,059
$537,300 ($1,033,564)
$1,811,994 $25,710,343 $4,252,907 $48,351,820
Total Expenses
Other Non-Recurring Plant Expenses * Net Assets – Beginning
$25,710,343 $4,252,907 $37,170,059
 





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