Assets
December 31, 2015
| CURRENT ASSETS | |
| Cash and cash equivalents | $7,090,795 |
| Accounts receivable | $9,169 |
| Refunds receivable | $151,105 |
| Grants receivable | $20,000 |
| Other receivables | $11,369 |
| Inventory | $34,985 |
| Prepaid expenses | $258,024 |
| Total current assets | $7,575,447 |
| PROPERTY AND EQUIPMENT - net | $2,933,198 |
| OTHER ASSETS | |
| Deposits | $82,544 |
| Goodwill | $4,231,063 |
| Total other assets | $4,313,607 |
| Total assets | $14,822,252 |
Liabilities and Net Assets
December 31, 2015
| CURRENT LIABILITIES | |
| Accounts payable and accrued expenses | $2,636,084 |
| Note payable - current portion | $500,000 |
| Total current liabilities | $3,136,084 |
| OTHER LIABILITIES | |
| Note payable | $625,000 |
| Deferred rent | $343,924 |
| Total other liabilities | $968,924 |
| COMMITMENTS | - |
| NET ASSETS | |
| Unrestricted | $10,628,866 |
| Temporarily restricted | $88,378 |
| Total net assets | $10,717,244 |
| Total liabilities and net assets | $14,822,252 |
Consolidated Statement of Activities
Year ended December 31, 2015
| REVENUES AND SUPPORT | Unrestricted | Temporarily Restricted | Total |
| Burning Man annual event | $35,578,074 | - | $35,578,074 |
| Contributions, gifts and grants | $682,768 | $669,943 | 1,352,711 |
| Other program revenue | $156,215 | - | $156,215 |
| Fundraising events - (net of direct expenses of $327,818) | $314,081 | - | $314,081 |
| Interest income | $8,754 | - | $8,754 |
| Other income | $21,196 | - | $21,196 |
| Subtotal | $36,761,088 | $669,943 | $37,431,031 |
| Net assets released from restrictions | $723,156 | ($723,156) | - |
| Total revenues and support | $37,484,244 | $(53,213) | $37,431,031 |
| EXPENDITURES | |||
| Program expenses | $30,454,146 | - | $30,454,146 |
| Management and general | $5,510,228 | - | $5,510,228 |
| Fundraising | $451,414 | - | $451,414 |
| Total expenditures | $36,415,788 | - | $36,415,788 |
| CHANGE IN NET ASSETS | $1,068,456 | $(53,213) | $1,015,243 |
| Net assets - beginning of year | $9,560,410 | $141,591 | $9,702,001 |
| Net assets - end of year | $10,628,866 | $88,378 | $10,717,244 |