Financial Highlights

Assets

CURRENT ASSETS
Cash and cash equivalents	11,580,597
Accounts receivable	168,969
Refunds receivable	491,192
Pledges receivable - current portion	20,000
Investments	899,862
Inventory	27,089
Prepaid expenses	235,654
Other assets	173,890
Total current assets	13,597,253
PROPERTY AND EQUIPMENT - net	9,894,297
OTHER ASSETS
Deposits	73,233
Pledges receivable	70,000
Goodwill	4,231,063
Total other assets	4,374,296
Total assets	27,865,846

CURRENT LIABILITIES
Accounts payable and accrued expenses	3,706,005
Deferred rent - current portion	6,520
Total current liabilities	3,712,525
OTHER LIABILITIES
Deferred rent	404,033
Total other liabilities	404,033
NET ASSETS
Unrestricted	23,651,686
Temporarily restricted	97,602
Total net assets	23,749,288
Total liabilities and net assets	27,865,846

REVENUES AND SUPPORT	Unrestricted	Temporarily Restricted	Total
Burning Man annual event	43,801,088	-	43,801,088
Contributions, gifts and grants	495,400	424,200	919,600
Other program revenue	672,112	-	672,112
Fundraising events - (net of direct expenses of $254,968)	120,651	-	120,651
Interest income	10,793	-	10,793
Other income	46,798	-	46,798
Subtotal	45,146,842	424,200	45,571,042
Net assets released from restrictions	1,262,192	(1,262,192)	-
Total revenues and support	46,409,034	(837,992)	45,571,042
EXPENDITURES
Program expenses	33,947,397	-	33,947,397
Management and general	7,159,814	-	7,159,814
Fundraising	693,925	-	693,925
Total expenditures	41,801,136	-	41,801,136
CHANGE IN NET ASSETS	4,607,898	(837,992)	3,769,906
Net assets - beginning of year	19,043,788	935,594	19,979,382
Net assets - end of year	23,651,686	97,602	23,749,288