Fiscal years ended June 30, 2010 and June 30, 2009
The accompanying summary of the Frank Lloyd Wright Preservation Trust's operating results and financial position is based on the 2010 financial statements, which have been audited by independent public accountants and certified without qualification.
| Assets | 2010 | 2009 |
|---|---|---|
| Cash & Cash Equivalents | 580,994 | 440,742 |
| Investments | 285,726 | 440,184 |
| Endowment Fund | 57,807 | 69,537 |
| Grants, Pledges & Accounts Receivable | 314,179 | 388,380 |
| Inventory | 430,780 | 549,864 |
| Prepaid Expenses | 14,289 | 19,483 |
| Property & Equipment |
3,812,061
|
3,641,345
|
| TOTAL ASSETS |
5,495,836 | 5,549,535 |
| Liabilities | ||
|---|---|---|
| Accounts Payable & Accrued Expenses | 395,892 | 365,587 |
| Deferred Income | 22,100 | 19,715 |
| Notes Payable |
736,883
|
848,824
|
| TOTAL LIABILITIES |
1,154,875
|
1,234,126
|
| NET ASSETS |
4,340,961
|
4,315,409
|
| TOTAL LIABILITIES AND NET ASSETS | 5,495,836 | 5,549,535 |
