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STATEMENT OF FINANCIAL POSITION

At June 30, 2017 and 2016
(in thousands of dollars) 2017 2016
Assets
Cash and cash equivalents $     4,337 $    1,872
Accounts receivable 46 44
Contributions receivable, net 1,642 3,843
Investments 255,428 230,437
Prepaids and other assets 1,594 1,623
Property and equipment, net 27,439 27,811
        Total assets $ 290,486 $ 265,630
Liabilities and Net Assets
Liabilities
   Accounts payable and other accrued liabilities $     2,851 $     2,567
   Long-term debt 32,500 32,480
        Total liabilities 35,351 35,047
Net assets
   Unrestricted 243,881 218,775
   Temporarily restricted 10,254 10,808
   Permanently restricted 1,000 1,000
        Total net assets 255,135 230,583
        Total liabilities and net assets $ 290,486 $ 265,630

STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS

For the years ended June 30, 2017 and 2016
(in thousands of dollars) 2017 2016
Support and Revenue
Contributions $    5,574 $  3,678
Contracts and research support 340 461
Investment income 2,424 6,100
        Total support and revenue 8,338 10,239
Expenses
Program services
   Research 9,553 8,642
   Communication 2,689 2,585
        Total program services 12,242 11,227
Supporting services and other
   Management and general 3,087 3,283
Net income from building operations (243) (330)
Building financing costs 626 453
        Total supporting services and other 3,470 3,406
        Total expenses 15,712 14,633
        Change in net assets before net realized
          and unrealized gains (losses) on investments (7,374) (4,394)
Net realized and unrealized gains (losses) on
  investments net of management fees 31,926 (9,660)
        Increase (decrease) in net assets 24,552 (14,054)
Net Assets
Beginning of year 230,583 244,637
End of year $ 255,135 $ 230,583
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