Statement of Financial Position
STATEMENT OF FINANCIAL POSITION
As of June 30, 2008 |
|
|
| Total Current Assets |
$5,969,652 |
| Total Non-Current Assets |
1,493,976 |
| Total Assets |
$7,463,628 |
| Total Current Liabilities |
$1,137,500 |
| Total Non-Current Liabilities |
2,561,268 |
| Total Liabilities |
$3,698,768 |
| Unrestricted Net Assets |
$2,173,542 |
| Temporarily Restricted Net Assets |
1,591,318 |
| Total Net Assets |
$3,764,860 |
| Total Liabilities and Net Assets |
$7,463,628 | |
REVENUES FOR THE YEAR ENDED JUNE 30, 2007
| Surgeon Contributions |
$137,939 |
| Society & Corporate Contributions |
$470,419 |
| Investment Income |
$90,000 |
 |
EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2006
| Research |
$967,500 |
| Education |
$126,498 |
| Administrative |
$341,372 |
 |
TSFRE ensures that research and education, the foundations for progress within the medical specialty, remain at the forefront and that innovative, new endeavors receive the support and commitment necessary to advance thoracic surgery in future years.
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