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STUDEBAKER NATIONAL MUSEUM, INC.
<br /> Statements of Financial Position
<br /> December 31,2016 with Comparative Totals for 2015
<br />' Assets 2016 2016 2016 2015
<br /> Temporarily
<br /> Unrestricted Restricted Total Total
<br /> Current Assets:
<br /> Cash $ 487,738 $ 167,634 $ 655,372 $ 669,496
<br /> Accounts receivable(after allowance for doubtful accounts
<br /> of$0) 38,150 38,150 60,696
<br /> Accounts receivable-related entity 470 470
<br /> Gift shop inventory 62,592 62,592 45,711
<br /> Prepaid expenses 20,304 20,304 16,252
<br /> Total Current Assets 609,254 167,634 776,888 792.155
<br /> ' Property and equipment,net 1,345,730 1,345,730 1,361.318
<br /> ' Long-Term Assets:
<br /> Beneficial interests in assets held by the Community
<br /> Foundation of St.Joseph County 29,981 29,981 28,442
<br /> Capitalized trademark,(net of accumulated amortization of
<br /> ' $1,339-2016 and $1,246-2015 93
<br /> Total Long-Term Assets 29,981 29,981 28,535
<br /> Total Assets $ 1,984,965 $ 167,634 $ 2,152,599 $ 2,182.008
<br /> ' Liabilities and Net Assets
<br /> Current Liabilities:
<br /> Accounts payable $ 48,148 $ 48,148 $ 45,388
<br /> Accounts payable-related entity 12,404 12,404 10,951
<br /> Deferred revenue 2,725 2,725 2,825
<br /> Accrued expenses 30,843 30,843 77.760
<br /> ' Total Current Liabilities 94,120 94,120 136,924
<br /> Net Assets
<br /> Unrestricted 1,850,845 1,850,845 1,833,220
<br /> Board designated-unrestricted 40,000 40,000 30,000
<br /> Temporarily restricted $ 167,634 167,634 181,864
<br /> ' Total Net Assets 1,890,845 167,634 2,058,479 2,045,084
<br /> Total Liabilities and Net Assets $ 1,984,965 $ 167,634 $ 2,152,599 $_2,182,008
<br /> ' (See auditors'report and notes to financial statements.)
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