Statement of Position (June 30, 2024)
Current Assets
Cash and Cash Equivalents: $420,000
Accounts Receivable (Net): $210,000
Inventory at Cost: $234,000
Prepaid Expenses & Other Current Assets: $96,000
Total Current Assets: $960,000
Other Assets
Denver Foundation Endowment Fund (Net): $193,000
Other Assets: $3,000
Total Other Assets: $196,000
Total Assets: $1,156,000
Current Liabilities
Accounts Payable: $37,000
Accrued Vacation and Sick Pay: $65,000
Royalties and Commissions: $136,000
Unearned Income: $235,000
Notes Payable, Current Maturities: $3,000
Total Current Liabilities: $476,000
Other Liabilities:
Notes Payable, Net of Current Maturities: $146,000
Total Other Liabilities: $146,000
Total Liabilities: $622,000
Net Assets—without donor restrictions: $526,000
Net Assets—with donor restrictions: $8,000
Total Net Assets: $534,000
Total Liabilities and Net Assets: $1,156,000
Statement of Activities (June 30, 2024)
Revenues
Net Book Sales: $1,137,000
Other Publishing Income: $11,000
Member Dues: $448,000
Government Grants: $0
Donations, Interest, and Other Income: $193,000
Total Revenues: $1,789,000
Cost of Sales
Cost of Books Sold: $242,000
Inventory Write-Off: $28,000
Royalties and Commissions: $107,000
Title Subsidies: ($5,000)
Total Cost of Sales: $372,000
Gross Margin: $1,417,000
Expenses
Editorial Expense: $544,000
Production Expense: $193,000
Marketing Expense: $253,000
Fulfillment Expense: $228,000
General and Administrative Expense: $389,000
Total Expenses: $1,607,000
Total Increase (Decrease) in Net Assets: ($190,000)
Net Assets, Beginning of Year: $716,000
Net Assets, End of Year: $526,000
