{slider title="Statement of Position (June 30, 2023)" open="false"}
Current Assets
Cash and Cash Equivalents: $646,000
Accounts Receivable (Net): $236,000
Inventory at Cost: $214,000
Prepaid Expenses & Other Current Assets: $115,000
Total Current Assets: $1,211,000
Other Assets
Denver Foundation Endowment Fund (Net): $155,000
Other Assets: $5,000
Total Other Assets: $160,000
Total Assets: $1,371,000
Current Liabilities
Accounts Payable: $21,000
Accrued Vacation and Sick Pay: $97,000
Royalties and Commissions: $136,000
Unearned Income: $252,000
Notes Payable, Current Maturities: $0
Total Current Liabilities: $506,000
Other Liabilities:
Notes Payable, Net of Current Maturities: $149,000
Total Other Liabilities: $149,000
Total Liabilities: $655,000
Net Assets—Without Donor Restrictions: $716,000
Total Liabilities and Net Assets: $1,371,000
{slider title="Statement of Activities (June 30, 2023)"}
Revenues
Net Book Sales: $1,336,000
Other Publishing Income: $11,000
Member Dues: $438,000
Government Grants: $0
Donations, Interest, and Other Income: $77,000
Total Revenues: $1,862,000
Cost of Sales
Cost of Books Sold: $246,000
Inventory Write-Off: $30,000
Royalties and Commissions: $122,000
Total Cost of Sales: $398,000
Gross Margin: $1,464,000
Expenses
Editorial Expense: $636,000
Production Expense: $165,000
Marketing Expense: $219,000
Fulfillment Expense: $232,000
General and Administrative Expense: $374,000
Total Expenses: $1,626,000
Total Increase (Decrease) in Net Assets: ($162,000)
Net Assets, Beginning of Year: $878,000
Net Assets, End of Year: $716,000
{/sliders}
